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.

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.

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.

Microfinance loan and saving products are solved by the system.

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

Expensive specially for microfinance institutions.

Helpful system with powerful feature that enable user to the business need.

It is customizable base on need and Manageable. The features got new R&D update base on latest trend technology.

Pricing is very expensive compare to investment budget.

I am satified user of temenos product for almost 20 years

overall functional capabilities, product improvements

temenos customer suport, quality of fixes/patches

Temenos Transact provides APIs flexibility for other applications to connect to and transact as well as customization with local development to suite business customers dynamic needs.

APIs connectivity flexibility and local customization development available for customer needs

One will need to have a more resourceful hardware resources to continually be happy with Temenos Transact services and applications

My experience has been exceptional.

Easely maintainable, strong API base, great architecture and friction-less integratability.

The data structure is proprietary and xml-based, it can be daunting to build skill on.

I have used it as an end user, as a support, admin, as well as customized it to an extent. It is flexible and feature-rich core banking software. No wonder why its chosen by most of the leading banks around the globe.

Easy to use Rich functionalities Secure Robust Great Support Tailored to country model banks

A bit expensive but considering the range of functionalities that it provides, it is understandable.

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.

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.

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.

Its a very Good Product. No doubt about it.

The system offers tools for managing customer accounts, providing a 360-degree view of customer relationships, and enabling personalized services, enhancing customer satisfaction.

Support is sometimes slow to respond to issues in a timely manner

The shift Temenos is making to simplify user experience

The upgrade process should be simple and user friendly

Temenos T24 is a leading core banking system worldwide and has been adopted by the majority of banks. It combines a wide range of features which helps financial institutions to manage their operations in a most secure way . T24's flexibility enables banks to launch new products quickly and efficiently. With the help of T-24 Banks can enhance their acceptability all over the world and in their country as well because most the countries central banks are requiring banking industry to adopt Temenos T-24.

Temenos T24 is very effective and reliable core banking system. I am using T24 from last 3 years and i found It very easy to use and super fast system which covers wide range of retail and corporate banking features. The banks can keeps cutomer data in a very secure way and quickly access it whenever requires. We can maintain KYC's (Know Your Customer) of customers very easily and as per the requirements of central bank. The reports can be easily accessable 24/7 with a blink of eye and this feature is very helpful for banks to analyse the data. The cloud acceptabiliy is also another good feature of Temenos T-24. I have use muliple banking software in different banks but i found Temenos T-24 best amongst all of them due to its reliability and control over the transactions.

The cost of implementation of Temenos T-24 is very high so because of this small and medium size financial institution finds difficult to switch. The Temenos runs via network so when main servers will down all the network collapse.

1. Overall the product is robust and scalable and can handle large volumes of concurrent transactions.2. Continues improvement on the platform

(1) In today's data world, Temenos Transact is a bit behind on this and I see many clients struggling to extract basic day-to-day reports.(2) The latest version R22 comes with AA to AC conversion and there is no clear direction and it is confusing for the financial sectors whether to apply this or not. Even though Temenos recommends actually the implementors and Temenos experts don't advise this. (3) Even though the latest version R22 comes with microservice architecture, still financial sectors don't have the confidence to go to this platform. And the knowledge gap is huge.

Temenos T24 is an excellent banking solution that comes with a lot of important built-in features that core banking operations require. It comes with its own development framework which is one of the key factors looked upon by banks acquiring core banking solutions, as it cuts down any vendor based customization cost, which can be catered in-house. Also the support available by Temenos round the clock gives immense confidence on this product.

Some of the extensions of T24 launched in the marked do not have support available widely round the globe, like the Internet Banking Channel. This sometimes create a hurdle to incorporate rapidly changing requirements in the world of online banking.

Great

Its a solution which fulfills all your banking needs by having a strong core solution and ability to interact with muliple soltuion to provide flexibility.

The graphical interface of Temenos is too basic and reporting element of Temenos Transact is not much appealing and they can work on that

Temenos Transact appears to be a comprehensive and flexible banking software platform with robust functionality and security capabilities. Some potential areas for improvement include its complexity, cost, integration challenges, and support services. Overall, Temenos Transact appears to be a strong choice for financial institutions looking for a comprehensive and scalable banking software solution.

Comprehensive functionality: Temenos Transact offers a wide range of modules and applications designed to support various banking operations, including core banking, lending, payments, and risk management.Flexibility and customization: The platform is highly flexible and can be customized to meet the specific needs of financial institutions of all sizes and complexities.Scalability: Temenos Transact is designed to support financial institutions of all sizes, from small community banks to large multinational institutions, and can scale to meet the evolving needs of its customers.Security and compliance: Temenos Transact has robust security and compliance capabilities to help financial institutions stay compliant with industry regulations and protect their customers' data and assets.Digital innovation: Temenos Transact is at the forefront of digital innovation in banking, with a range of features and capabilities designed to support a seamless and user-friendly digital banking experience for customers.

The platform can be complex and challenging to set up and configure, requiring a significant amount of time and resources.

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.

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.

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

Overall experience as a developer and a user is pretty good. Local development is very easy and we can implement even small checks and balances without getting help from manufacturer. All you need is small inhouse development team.

This CBS is very easy to use and the amount of local development (checks and balances) that can be implemented without getting help from manufacturer really helps bank out to keep up with the regulatory requirements. Integration is also very convenient. We have integrated our system with different ADC channels as well as analytics software systems.

Overall system performance is good. There are not much technical documentation is available over the internet. In order to learn something new we being developers have to do intensive research over the internet, temenos university and basic PACS site.

Our experience has been great! The system has improved efficiency and productivity as well as overall back office experience.

Transact provides a comprehensive back office banking solution, which is user friendly and efficient. We are able to have 360 view of all customers, transactions and accounts which increases productivity.

The out of the box features with in Transact are user friendly and comprehensive but quite more functional when customized. I strong recommend customization.

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

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

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

Overall experience is good. The issues that we face are mostly fixed by temenos via corrections and some patches. Major requirements are fulfilled in later releases.

T24 software is very easy to customize. We have successfully implemented regulatory items in T24 with the help of our inhouse T24 Development team. It has helped us to fully become independent from handling development requests to vendors. It has user-friendly interface that has helped us to train field agents of rural areas, as our bank mostly targets microfinancing.

the only problem that we faced during the last two years is configuration the taxation rules based on customer type, regions, tax filer and non tax filer based configurations.

Good user interaction, easy administration and flexible licensing methods.

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.

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

We were on a lower release with a lot of local development and had a lot of issues and temenos transact came to resolve most of the issues.

The temenos transact is compatible with most relational database and it now cloud base (SAAS)

The subscription cost module which makes the modules sometimes expensive.

Effective Core Banking System with scalability and rich functionality

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

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

Open platform ,easy to do local customization

Need train staff, more course to learn on TCF

how versatile Payments Hub is, when it come to Swift, ACH & SEPA payments.

Currently we use R20 with the browser interface which looks outdate.