Temenos Transact | Generated by AI
Temenos Transact (formerly known as T24 Transact) is a core banking system provided by Temenos, designed to support retail, corporate, Islamic, and private banking operations. It is a modern, cloud-native, and API-driven banking solution that helps financial institutions automate processes, enhance customer experience, and drive innovation.
Key Features & Functionalities of Temenos Transact
1. Customer & Account Management
- Onboarding and managing customer profiles
- KYC and compliance checks
- Multi-currency account management
- Deposit and savings account services
2. Payments & Transactions
- Real-time payments (SWIFT, SEPA, RTGS, ACH, UPI, etc.)
- Cross-border payments
- Digital wallets and P2P transfers
- Payment orchestration and processing
3. Lending & Credit Services
- Loan origination, approval, and management
- Mortgage and personal loan processing
- Credit risk assessment and scoring
- BNPL (Buy Now, Pay Later) and microfinance options
4. Treasury & Risk Management
- Liquidity and cash flow management
- Foreign exchange (FX) and derivatives trading
- ALM (Asset Liability Management)
- Market and credit risk analytics
5. Wealth & Investment Management
- Portfolio and asset management
- Robo-advisory and investment planning
- Custody and securities trading
6. Open Banking & API Integrations
- RESTful and SOAP APIs for seamless integration
- Third-party fintech and regtech support
- Open banking compliance (PSD2, Open Banking UK)
7. Compliance & Regulatory Support
- Anti-Money Laundering (AML) and fraud detection
- Basel III and IFRS compliance
- Real-time regulatory reporting
8. Cloud & SaaS Capabilities
- Cloud-native and multi-cloud support (AWS, Azure, Google Cloud)
- AI-driven automation for banking operations
- DevOps and CI/CD integration for faster deployment
Deployment Models
- On-Premises – Installed within a bank’s infrastructure
- Cloud (SaaS/PaaS) – Hosted on Temenos Banking Cloud
- Hybrid – Combination of on-premises and cloud
Would you like details on a specific module or integration within Temenos Transact?