What is Temenos Core (Transact)?
Temenos Transact (now marketed as Temenos Core) is a core banking system used by banks for accounts, deposits, lending, payments, treasury and wealth processing. It offers extensive pre-built banking functionality with country model banks and can run on-premises or as SaaS on public cloud. Banks can extend it with APIs and Temenos' digital and payments products. It is used by banks of all sizes in many countries.
Key facts
- Starting price
- Contact for quote
- Pricing model
- Quote-based
- Active users
- —
- Customers
- —
- Vendor employees
- —
- Launched
- —
- Deployment
- Cloud (SaaS), On-premise
- Platforms
- Web
Strengths & considerations
Strengths
- Broad functional coverage across banking lines
- Large installed base and partner ecosystem
- Available on cloud or on-premise
- Can run on-premise
Considerations
- Implementations are long and complex
- Customization can complicate upgrades
- Pricing only on request
- No free plan or free trial
Editorial summary based on public information; not a user review.
Industries & use cases
Industries served
Typical use cases
- Replacing legacy mainframe core banking systems
- Launching digital banking and onboarding journeys
- Modernizing payments processing for instant payments
Typical Deloitte services
- Core banking transformation and data migration
- Digital banking implementation
- Payments modernization programs
Editorial profile based on public information.
Features
✓AI features· Automation
✓Multi-currency· Finance
✓API access· Integrations
✓Multi-language· Platform
✓Role-based access· Security
✓Audit log· Security
User reviews
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