Temenos Transact - The banking solution
March 15, 2022

Temenos Transact - The banking solution

Muhammad Adil Mujeeb | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Temenos Transact - Core Banking

Temenos Transact is being used for our banking functionality for retail, loans, treasury etc. We are using it for payments and retail banking mostly and due to its innovating and fast approach due to Temenos cloud we are unable to reach wide spread of our customers. We are able to access reports at anytime. As a development point of view it is very easy to build new functionality or customize plus deployment is not a big deal. It is reliable and secure and must have where financial transactions are involved.
  • Payments
  • Retail
  • Corporate
  • Bulk posting
  • 24/7 reports
  • Technical documentation
  • High cost
  • slow when many user are logged in
  • Cloud based
  • Multi-functionality
  • 24/7 reports
  • High number of users
  • Handling bulk posting
  • Payments

Do you think Temenos Transact - Core Banking delivers good value for the price?

Yes

Are you happy with Temenos Transact - Core Banking's feature set?

Yes

Did Temenos Transact - Core Banking live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Temenos Transact - Core Banking go as expected?

Yes

Would you buy Temenos Transact - Core Banking again?

Yes

Temenos Quantum (formerly Kony)
Due to cloud based solution when I was not in town and want some technical assistance for branch or any financial transaction, it is easy to access it from anywhere plus there is 24/7 reports available. It is easy for development team for new functionalities to implement. There is one down side we experienced that whenever there are largen numbers of user signed in, system get but slow.