--- description: Review of Temenos Software: system overview, features, price and cost information. Get free demos and compare to similar programs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Temenos | Reviews, Pricing & Demos - SoftwareAdvice GB --- Breadcrumb: [Home](/) > [Treasury Software](/directory/4324/treasury/software) > [Temenos](/software/263029/temenos-transact) # Temenos Canonical: https://www.softwareadvice.co.uk/software/263029/temenos-transact Page: 1 / 4\ Next: [Next page](https://www.softwareadvice.co.uk/software/263029/temenos-transact?page=2) > 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. > > Verdict: Rated **4.4/5** by 69 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.4/5** | 69 Reviews | | Ease of Use | 4.4/5 | Based on overall reviews | | Customer Support | 4.1/5 | Based on overall reviews | | Value for Money | 4.2/5 | Based on overall reviews | | Features | 4.4/5 | Based on overall reviews | | Recommendation percentage | 80% | (8/10 Likelihood to recommend) | ## About the vendor - **Company**: Temenos Group - **Location**: SWITZERLAND, Switzerland - **Founded**: 1993 ## Commercial Context - **Pricing Details**: Contact Temenos Group for pricing details. - **Target Audience**: 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Windows (Desktop) - **Supported Languages**: English - **Available Countries**: Australia, Canada, France, Germany, Ireland, Italy, Mexico, Netherlands, New Zealand, Singapore, South Africa, Switzerland, United Arab Emirates, United Kingdom, United States ## Features - AI Copilot - API - ATM Management - Activity Dashboard - Cash Management - Compliance Tracking - Core Banking - Corporate Banking - Credit Union - Customer Accounts - Data Management - Data Security - Electronic Payments - Investment Banking - Lending Management - Multi-Branch - Offshore Management - Online Banking - Online Payments - Private Banking ## Integrations (3 total) - Microsoft Power BI - Plaid - Tableau ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) ## Category - [Treasury Software](https://www.softwareadvice.co.uk/directory/4324/treasury/software) ## Related Categories - [Treasury Software](https://www.softwareadvice.co.uk/directory/4324/treasury/software) - [Online Banking Software](https://www.softwareadvice.co.uk/directory/4184/online-banking/software) - [Financial Risk Management Software](https://www.softwareadvice.co.uk/directory/4165/financial-risk-management/software) - [Payment Processing Software](https://www.softwareadvice.co.uk/directory/4526/online-payment/software) - [App Building Software](https://www.softwareadvice.co.uk/directory/4598/app-building/software) ## Alternatives 1. 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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. > > 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. ----- ### "Flexible product when implemented right \!" — 4.0/5 > **Jop** | *22 February 2024* | Banking | Recommendation rating: 9.0/10 > > **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 > > 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. ----- ### "Temenos T24 User : Appears to be a strong option but is not adaptable , and support is weak" — 3.0/5 > **Verified Reviewer** | *17 May 2023* | Banking | Recommendation rating: 4.0/10 > > **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. ----- ### "The best Core Banking Software out there." — 5.0/5 > **Matthias** | *28 September 2022* | Information Technology & Services | Recommendation rating: 10.0/10 > > **Pros**: Easy to use Rich functionalities Secure Robust Great Support Tailored to country model banks > > **Cons**: A bit expensive but considering the range of functionalities that it provides, it is understandable. > > 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. ----- ### "Temenos Transact - A complete solution for your Banking Needs" — 4.0/5 > **Muhammad Usman** | *23 March 2023* | Financial Services | Recommendation rating: 9.0/10 > > **Pros**: 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. > > **Cons**: The graphical interface of Temenos is too basic and reporting element of Temenos Transact is not much appealing and they can work on that > > Great ----- Page: 1 / 4\ Next: [Next page](https://www.softwareadvice.co.uk/software/263029/temenos-transact?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.uk/software/263029/temenos-transact) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data