Temenos Transact

RATING:

4.5

(44)

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: 

Not Available

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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 44 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.

KING

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

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2024

Temenos Transact Review

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.

PROS

APIs connectivity flexibility and local customization development available for customer needs

CONS

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

Anonymous

51-200 employees

Used weekly for more than 2 years

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

OVERALL RATING:

3

EASE OF USE

4

VALUE FOR MONEY

2

CUSTOMER SUPPORT

2

FUNCTIONALITY

3

Reviewed May 2023

Temenos T24 User : Appears to be a strong option but is not adaptable , and support is weak

PROS

The interface is basic but easy to use. Layout is well organised and accessible. The corresponding customer User app is also clean and easy to use.

CONS

The program has been ill suited to the retail banking features we required. Some reports have been inaccurate, Development has not been seamless and adapting the software to our needs has been problematic. Support does not appear to understand the requirements demanded.

Sothol

Banking, 51-200 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 February 2024

The Best CORE Banking

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

PROS

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

CONS

Pricing is very expensive compare to investment budget.

Reason for choosing Temenos Transact

Ready product in the market and able to customize to fulfill Regulator requirement.