Temenos Transact

Temenos Transact

by Temenos Group

Who Uses Temenos Transact?

Designed for retail, corporate, and private banks, it is a banking management solution that helps with enterprise credit, transaction management, and more.

What Is Temenos Transact?

Temenos Transact is the most complete core banking product leveraging the most advanced cloud-native banking technology. Temenos Transact takes the deep and extensive banking capabilities of Temenos Core Banking, the worlds #1 core banking product which for 25 years has been supporting over 700 banks across all banking segments, and re-platforms them onto a new, cloud-native and cloud-agnostic platform.

Temenos Transact Details

Temenos Group

http://www.temenos.com

Founded 1993

Temenos Transact Pricing Overview

Temenos Transact does not have a free version and does not offer a free trial. See additional pricing details for Temenos Transact below.

Pricing Details

Contact Temenos Group for pricing details.

Free Version

No

Free Trial

No

Deployment

Cloud, SaaS, Web

Installed - Windows

Training

In Person

Live Online

Webinars

Support

24/7 (Live Rep)

Temenos Transact Features

Banking Software
ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

Temenos Transact Reviews

Showing 5 of 17 reviews

Overall
4.8/5
Ease of Use
4.5/5
Customer Service
4.4/5
Features
4.5/5
Value for Money
4.2/5
Abid S.
Manager Operations
Banking, 5,001-10,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 04/03/2020

"Best Core Banking Software "

Comments: The Temenos T-24 Transact is absoultely the best core banking software in the financial industry. Many of the world
top banks and financial institutions are using temenos due to its reliability as it provides all financial
solutions at one platform.

Pros: Temenos T-24 Transact has all the necessary tools which requires to manage front and back end of banking operations.
I am using R-13 version of this software from last 8 years and effeciently managing the branch banking operations. While
using Temenos i can provide quick and best services to my customers such as Cash Deposit & Withdrawl Transactions,
Bulk Salary Posting, Issuance of Financial Instruments, Locker Operations & Account Opening. The Temenos provides realtime
analytics and reports which allows the user to make decision fast. Financial Institutions can stores customer information
in a very secure way and quickly access it whenever requires. The cloud acceptibility is also the one of the top features
of Temenos which gives it edge over other products.

Cons: The Temenos T-24 Transact should have offline mode as when the network is slow it takes time to post transactions. The Cost
of implementation of Temenos is too expensive for small and medium size financial institutions.

  • Reviewer Source 
  • Reviewed on 04/03/2020
Mikayilov S.
PROAGRAMMER
Banking, 501-1,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    3/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 21/04/2019

"T24 programming"

Comments: We are using Temenos T24 as a core bankin software.We store all customers data and process this data in temenos,also all data about our bank stored in temenos.With temenos u cannot lose any data , couse of temenos has a great data managment system

Pros: First of all it is easy to use for users and adminnistrators(programmers).Temenos supports multi language.
We (admins and developers) can control every single step in temenos.We have a lot of Tables in which we can set everything,such as deposit,loan rate,daily currency rate.In temenos we have special table for user settings(user sms group,hmm,hm,user) whis this tables we can control every user,so it is very flexible software

Cons: Somethink in T24 takes a lot of time,such as COB(close of business day),select,enquiries.I think this problems related with database

  • Reviewer Source 
  • Reviewed on 21/04/2019
Alexandru B.
CISO
Banking, 501-1,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 10/01/2020

"Top class ERP with flexible modules"

Comments: Good user interaction, easy administration and flexible licensing methods.

Pros: Out of the box performance is superb, provided you meet recommended hardware and software requirements. Easily portable from *NIX to Windows, friendly with both Oracle and MSSQL platforms, low hardware requirements/footprint.
User interface is easily customizable, as is access control granularity.

Cons: If you are unable to change your business process to the model bank, the app's customization is cumbersome and sometimes very cost ineffective.

  • Reviewer Source 
  • Reviewed on 10/01/2020
Verified Reviewer
Lending Processing Manager
Banking, 51-200 Employees
Used the Software for: 6-12 months
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    3/5
  • Value for Money
    3/5
  • Likelihood to Recommend
    7/10
  • Reviewer Source 
  • Reviewed on 06/08/2018

"Good company"

Pros: Super easy to use. It’s fast and most of the random features we want, it has. Makes mortgage fundings easy.

Cons: When we receive a disbursement error, it’s not easy to read the error it gives you. We spend a lot of time figuring out and pushing buttons trying to figure out what went wrong.
During implementation, they took forever getting our cases worked through. They kept pushing our go live date. They moved it about 3-4 times.

  • Reviewer Source 
  • Reviewed on 06/08/2018
Verified Reviewer
Bank Clerk
Financial Services, 501-1,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 09/05/2018

"Efficient Banking Application "

Comments: Effective Core Banking System with scalability and rich functionality

Pros: I work as a bank teller and our organization has used T24 for the last two years. We are currently on R11 and are planning to upgrade soon to R17. The system has a lot of useful features that support core banking functions. It is also scalable and can support hundreds of users

Cons: T24 license and support costs are quite high. The current version that we are on does not have offline capability which is inconvenient during network downtime

  • Reviewer Source 
  • Reviewed on 09/05/2018