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The isolation of the banking functionality from the technology platform has been a hallmark of Temenos products and has allowed Temenos for the past 25 years to remain the most technologically advanced and functionally rich product in the world.\r\n<span style=\"font-weight: bold;\">How Temenos T24 Transact helps</span>\r\nTemenos T24 Transact is a cloud-native, cloud-agnostic, API-first core banking solution which offers:\r\n<ul><li>Rapid and elastic scale benefiting from the highest levels of security and multi-cloud resilience, generating up to 10x in infrastructure savings</li><li>Advanced API-first technology coupled with leading design-led thinking and continuous deployment to empower banks to rapidly innovate, connecting to ecosystems and enabling developers to build in the morning and consume in the afternoon</li><li>Broad and deep functional coverage across Retail Banking, Corporate Banking and Wealth Management sectors</li><li>Zero risk of obsolescence resulting from the industry-leading ongoing investment into the product which is made available to customers through a regular release and upgrade program</li><li>Ability to deploy software on-premise as well as on private and public clouds.</li></ul>","shortDescription":"Temenos T24 Transact is the most complete core banking product leveraging the most advanced cloud-native banking technology.","type":null,"isRoiCalculatorAvaliable":false,"isConfiguratorAvaliable":false,"bonus":100,"usingCount":10,"sellingCount":3,"discontinued":0,"rebateForPoc":0,"rebate":0,"seo":{"title":"Temenos T24 Transact","keywords":"","description":"Temenos T24 Transact takes the deep and extensive banking capabilities of Temenos T24 Core Banking, the world’s #1 core banking product which for 25 years has been supporting over 700 banks across all banking segments, and re-platforms them onto a new, cloud-n","og:title":"Temenos T24 Transact","og:description":"Temenos T24 Transact takes the deep and extensive banking capabilities of Temenos T24 Core Banking, the world’s #1 core banking product which for 25 years has been supporting over 700 banks across all banking segments, and re-platforms them onto a new, cloud-n","og:image":"https://old.roi4cio.com/fileadmin/user_upload/Temenos_logo.jpg"},"eventUrl":"","translationId":3206,"dealDetails":null,"roi":null,"price":null,"bonusForReference":null,"templateData":[],"testingArea":"","categories":[{"id":158,"title":"Core Banking System","alias":"core-banking-system","description":"Core (centralized online real-time exchange) banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices.\r\nCore banking system is often associated with retail banking and many banks treat the retail customers as their core banking customers. 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This software is installed at different branches of bank and then interconnected by means of computer networks based on telephones, satellite and the Internet.\r\nGartner defines a core banking system as a back-end system that processes daily banking transactions, and posts updates to accounts and other financial records. Core banking solutions typically include deposit, loan and credit-processing capabilities, with interfaces to general ledger systems and reporting tools. Core banking applications are often one of the largest single expense for banks and legacy software are a major issue in terms of allocating resources. Spending on these systems is based on a combination of service-oriented architecture and supporting technologies.\r\nMany banks implement custom applications for core banking. Others implement or customize commercial independent software vendor packages. Systems integrators like Cognizant, EdgeVerve Systems Limited, Capgemini, Accenture, IBM and Tata Consultancy Services implement these core banking packages at banks. More recently, entrants such as Probanx (since 2000) and Temenos (late 1990's) have also provided entry level core banking software, focussing on neo-banks and electronic money institutions.\r\nOpen source Technology in core banking products or software can help banks to maintain their productivity and profitability at the same time. ","materialsDescription":"<h1 class=\"align-center\"><span style=\"font-weight: normal;\">What is core banking solution (CBS)?</span></h1>\r\nToday Banking as a business has grown tremendously and transformed itself from only a deposits taking and loan providing system to an institution which provides an entire gamut of products and services under a wide umbrella. 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Systems integrators like Cognizant, EdgeVerve Systems Limited, Capgemini, Accenture, IBM and Tata Consultancy Services implement these core banking packages at banks. More recently, entrants such as Probanx (since 2000) and Temenos (late 1990's) have also provided entry level core banking software, focussing on neo-banks and electronic money institutions.\r\nOpen source Technology in core banking products or software can help banks to maintain their productivity and profitability at the same time. ","materialsDescription":"<h1 class=\"align-center\"><span style=\"font-weight: normal;\">What is core banking solution (CBS)?</span></h1>\r\nToday Banking as a business has grown tremendously and transformed itself from only a deposits taking and loan providing system to an institution which provides an entire gamut of products and services under a wide umbrella. 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