Average Ratings

15 reviews
  • Overall 4.5 / 5
  • Ease of Use 4.5 / 5
  • Customer Service 4.5 / 5
  • Features 4.5 / 5
  • Value for Money 4 / 5

Product Details

  • Free Version No
  • Free Trial No
  • Deployment Cloud, SaaS, Web
    Installed - Windows
  • Training In Person
    Live Online
    Webinars
  • Support 24/7 (Live Rep)

Vendor Details

  • Temenos Group
  • http://www.temenos.com
  • Founded 1993

About Temenos T24 Transact

Temenos T24 Transact is the most complete core banking product leveraging the most advanced cloud-native banking technology. Temenos T24 Transact takes the deep and extensive banking capabilities of Temenos T24 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 T24 Transact Features

  • 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 T24 Transact Most Helpful Reviews

T24 programming

Reviewed on 21/04/2019
Mikayilov S.
PROAGRAMMER
Banking, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

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

Efficient Banking Application

Reviewed on 09/05/2018
Verified Reviewer
Bank Clerk
Financial Services, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

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

Efficient banking core

Reviewed on 16/12/2018
Verified Reviewer
Software Developer
Banking, 1,001-5,000 Employees
Used the Software for: 6-12 months
Reviewer Source 
5/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: I have worked in the implementation of this banking core in an investment bank. Where, i developed the integrations of this banking core with other financial technologies that the client maintained.

Pros: It allows you to have in a solution all the branches of your financial institution, such as customer management, transactions and native support with other banking technologies. It is a very complete banking core, which is linked to both retail banking and investment banks, and any other company that provides financial services.

Cons: Depending on the size of your company, the complexity of the implementation may vary and sometimes requires a lot of initial configuration effort.

comment about t24

Reviewed on 03/08/2016
Lijalem A.
custemer service maneger
Banking, 1,001-5,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: comment from cbe
t24 is a wonderful banking software i have ever seen in my life ,though its own limitation when do we have a network fragmentation ,the system totally eliminate the offline system. so no way to handle customer manually

Pros: speed

Reliable core banking system

Reviewed on 24/05/2018
Verified Reviewer
Marketing Project Manager
Used the Software for: 1+ year
Reviewer Source 
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: T24 is a market leader in core banking systems in Africa for a number of reasons such as
-Easily configurable to suit business workflows
- Ability to get skilled resources/partners
-Covers huge range of retail and corporate banking features

Cons: T24 does not support offline processing. This is inefficient whenever the bank or branch experiences a network downtime

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