Temenos Transact

RATING:

4.5

(48)

About Temenos Transact

Temenos Transact is a cloud-based core banking solution, which helps organizations across retail, finance, corporate and various other banking sectors launch products while optimizing the operational costs. The application enables professionals to manage the entire product lifecycle and cross-sell them to new or existing customers. Banks can create personalized reward schemes or offers at the individual or household level. Temenos Transact also enables banks to bundle various products according to different customer segments using interest compensation schemes and offset credit products.

Temenos Transact Pricing

Contact Temenos Group for pricing details.

Free trial: 

Not Available

Free version: 

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Temenos Transact Reviews

Overall Rating

4.5

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Temenos Transact

1 - 5 of 48 Reviews

User Profile

Hasan

Verified reviewer

Banking, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed June 2021

Temenos T24

It's been 4 years that I am using this software and I have found it really useful in many aspects. It has made the banking solutions much easier. For example, AA module which is a component based Architecture enabled us to handle multiple products like Lending, Securities and Retail.

PROS

The most useful feature of this product is that it provides a very secure, reliable and convenient experience in terms of all financial transactions. Without any doubt, Temenos is the world's best banking software. It is easy to learn. Although, integration with old legacy systems is quite difficult but not impossible.

CONS

System should be extra intelligent for detecting errors while compilation of routines. Sometimes it gets tricky to find a simple error that system should has to trace itself. Deployment is bit difficult with old banking systems.

Reason for choosing Temenos Transact

It is a more powerful tool than all other banking software's.

Tsige Bayray

Banking, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

FUNCTIONALITY

5

Reviewed April 2023

Temenos Review from Dedebt Microfinance

Microfinance loan and saving products are solved by the system.

PROS

As microfinance institution the group lending management is very effective for our purpose beyond the bank overall activities.

CONS

Expensive specially for microfinance institutions.

Reason for choosing Temenos Transact

Because of handling microfinance activities are in the Temenos Transact is better than the Flexcube. And the cost of the system is based on the user rather in account base.

Daniel

Banking, 501-1,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed April 2024

Temenos Transact: Empowering Banking Solutions

Temenos Transact is more than just banking software—it's a strategic asset that empowers financial institutions to thrive in a digital-first world. Its adaptability, comprehensive functionality, customer-centric approach, security features, and commitment to innovation make it the go-to solution for banks looking to future-proof their operations. I wholeheartedly recommend Temenos Transact to any institution seeking to elevate its banking capabilities and drive sustainable growth.

PROS

One of the most striking aspects of Temenos Transact is its adaptability. Whether you're a small community bank or a global financial giant, the platform seamlessly scales to meet your needs. Its modular architecture allows for customization, ensuring that each institution can tailor the software to align perfectly with its unique requirements.

CONS

One requires a good knowledge of Temenos Transact to the best out of it.

Miroslav

Banking, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

1

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

2

FUNCTIONALITY

4

Reviewed April 2024

transact review

I am satified user of temenos product for almost 20 years

PROS

overall functional capabilities, product improvements

CONS

temenos customer suport, quality of fixes/patches

Jop

Banking, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

3

FUNCTIONALITY

4

Reviewed February 2024

Flexible product when implemented right !

Overall, Transact (which I know since it was called Globus and t24) is a mature product and most of the functionality is stable. I know banks which have been running the product for > 25 years and who benefit from periodical upgrades. Implementing the product is a great experience if it is a greenfield project and if the implementation team is selectively hand picked.

PROS

- The wide range of financial products and services supported - The ease of integration with other products (market data, order management platforms etc) - The ease of bank specific customisation / localisation

CONS

- Some business support functions have not evolved to well in line with market changes; e.g. Swift MX/ISO20022 is very late. - The

Reasons for switching to Temenos Transact

Former core banking systems were really reaching obsolescence, Need for more integrated single client view and portfolio management