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Temenos Transact

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Software Status:Active

About Temenos Transact

Temenos Transact is a cloud-native banking software from Temenos Group that supports core banking, digital channels, and wealth management. It provides the richest set of end-to-end banking capabilities, money movement and management, and industry insights so financial institutions can operate effectively. Designed to meet the needs of 950+ banks worldwide, Temenos Transact enables timely updates and adherence to regulatory standards. It is AI-driven, allowing for data-driven decision-making and improved customer experiences. The platform also features integration options for third-party services and an intuitive user interface. Key capabilities: core banking digital banking wealth management regulatory compliance integration with third-party services Best for: financial institutions that need comprehensive banking solutions.

Temenos Transact Details

Vendor
Temenos Group
Year Launched
1993
Location
Temenos Headquarters SA, 2 Rue de l’Ecole-de-Chimie, CH - 1205, Geneva, Switzerland
Deployment
cloud
Training Options
videos, live online, in person
Countries Served
All Countries
Languages
English, Spanish, French, German, Italian, Portuguese, Dutch, Russian, Chinese, Japanese, Korean.
Users
Large banks, Mid-sized banks, Financial institutions
Industries Served
Corporate Banking, Retail Banking, Investment Banking, Trade Finance, Payment Processing, Cash Management, Lending
Tags
Banking Systems, Temenos Transact

Temenos Transact's In-App Market Place

Does Temenos Transact have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

1

Mini Apps

N/A

Pricing Options

Free trial
Free version
Request a quote
Promo Offer

Accepted Payment Currencies

USD ($), EUR (€), GBP (£), JPY (¥), AUD ($), CAD ($), CHF (Fr), CNY (¥), SEK (kr), NZD ($), KRW (₩), SGD ($), NOK (kr), INR (₹), RUB (₽), ZAR (R), HKD ($)

Pros & Cons

  • Secure and Reliable: Provides a very secure, reliable, and convenient experience for all financial transactions.
  • High Performance: Delivers superb out-of-the-box performance when the recommended hardware and software requirements are met.
  • User-Friendly Interface: Features an excellent user interface with a wide range of functionalities that cater to most banking needs.
  • Supports Multiple Users: Capable of supporting a large number of users, which is a significant advantage.
  • Complex Tax Configuration: Difficulties in configuring taxation rules based on customer type, regions, and tax filer status.
  • Customization Challenges: Customizing the app can be cumbersome and sometimes cost-ineffective if business processes cannot be adapted to the model bank.
  • Disbursement Errors: Error messages for disbursement issues are hard to interpret, leading to time-consuming troubleshooting.
  • No Offline Processing: The system does not support offline processing, which is inefficient during network downtimes.

Temenos Transact's Support Options

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