Temenos Transact for Small Business Banking
Temenos Transact provides cutting edge functionality that enables you to create innovative and personalized banking products targeted at new and existing small business customers
Product Overview
Customer-Centric
Temenos Transact is a customer-centric system built around a single customer view that covers all product lines and channels, enhancing the ability of the bank to understand its customers’ needs and serve them. Embedded analytics provide customer insight and predictive sales and service assistance.
Product Factory & Catalog
Products are designed and built using a centralized design tool which can then be made available for sale quickly, thus gaining valuable time and market share when new opportunities arise. Embedded analytics also helps product managers to plan and deploy new products that will be attractive to customers and profitable for the bank.
Personalized Fees
Personalize and bundle fees at both small business and business owner level to automatically apply cross-product bundled pricing. This enables you to reward customer behavior, such as loyalty, and to motivate customers to change their banking behavior in order to create mutually beneficial outcomes
Accounts & Deposits
The system supports accounts and deposits varying from simple offerings to more sophisticated demand deposit accounts (DDAs) with more complex features such as interest compensation groups and automatic sweeps, as well as virtual accounts for more complex business requirements.
Small Business Lending
The solution offers both unsecured and secured lending capabilities, together with suitable collateral management which can be linked to receivable and invoice streams as well as to fixed assets. The bank can also track the business’ counterparties when assessing receivables finance.
Temenos Payments
Domestic and international payments are processed, including real-time payments, using Temenos Transact’s integral payment capability or with the more advanced Temenos Payment hub solution.
Related Insights
Bank of SME Video
Temenos sees an opportunity to fundamentally reimagine how to serve the SME sector, to implement an innovative digital-centric and data-driven service that can transform the experience of SMEs.
IBS Intelligence White Paper: Modernising Banks in Europe
The European banking industry has been going through a difficult phase over the last couple of years, with declining profit margins driven by lower interest rates and an increase in credit losses.
Scaling Digital Banking Channels for Growth – Securely
Join Peter DeMars, CFE UMB Bank, Adam Miller, Temenos and Matt Johnson, TransUnion as they discuss growing consumer expectations for seamless and safe transactions through digital channels amid the recent COVID-19 pandemic and how financial institutions are rising to the challenge.