Why Temenos Transact Retail Banking
Temenos Transact Retail Banking offers a functionally rich, flexible and agile core processing engine that enables your institution to offer personalized, customer-relevant products, while allowing for lower operational costs and increased ROE.
First to Market with New Products
Temenos Transact allows new products to be created quickly and managed through the entire lifecycle, with the initial design and launch being achieved in market leading timescales.
Temenos Transact has an integrated product catalog which helps banks to target products for cross-sell to existing, as well as new, customers.
Personalized and Flexible
Temenos Transact has specialised capabilities which support banks to create products offers and reward schemes which are personalized at either individual or household level. These can be flexed to produce offers which are both attractive to customers and profitable for the bank.
Temenos Transact covers all retail banking product areas, allowing banks to offer a complete solution to their retail banking customers, ranging from credit and lending, to deposits and accounts and payments.
Combine comprehensive capabilities easily
Temenos Transact allows banks to combine capabilities from across the entire Transact functionality set to produce innovative and focused products.
Temenos Transact has contextual data and analytic capabilities which help banks to understand their customers and business better and to produce more compelling and relevant offers.
Banks with high personalization have a 6% higher ROE
Temenos clients have a 8% attrition rate compared to industry levels of 11%
“Temenos software allows the bank to launch products in cycles that are probably 10x faster than before. We are working together with Temenos as partners to transform our business digitally from bottom up.”Ezequiel Szafir, CEO, Openbank