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Lesson 1 Temenos Products

This document provides an overview of Temenos products including Temenos Transact, Temenos Infinity, Temenos Payments, Temenos Wealth, and Temenos Fund Administration. It describes the architecture and evolution of the Temenos T24 Transact core banking system, from its origins as Globus to the current browser-based user interfaces. The document also shows screenshots of different user interfaces over time.

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492 views16 pages

Lesson 1 Temenos Products

This document provides an overview of Temenos products including Temenos Transact, Temenos Infinity, Temenos Payments, Temenos Wealth, and Temenos Fund Administration. It describes the architecture and evolution of the Temenos T24 Transact core banking system, from its origins as Globus to the current browser-based user interfaces. The document also shows screenshots of different user interfaces over time.

Uploaded by

bojji28
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 16

1

In this lesson, we will see


Temenos Products
Introduction to Temenos Transact

2
The slide shown above shows the range of services a large bank usually provides to
its clients.
Today's customer is connected and mobile. Banking now has to reach out and go to
the customer, via multiple channels like branch, internet, mobile.
Core Banking involves several areas like Retail, Corporate, Universal, private Banking.
Each of these services a different set of clients.
Banks also provide Investment services to manage the assets of Corporates and High
net worth individuals. Some banks may also foray into Insurance.
Every bank needs to process domestic and international payments.
Banking is rich in one the most valuable assets in today's modern, digital world – data.
However, data is simply data with little value unless it can be exposed, accessed,
analyzed and transformed into business intelligence.
Banks must reduce exposure to risk and minimize losses, while complying fully with
regulatory mandates.

Product Architecture - R18 A-3


Temenos Infinity is a digital banking product focused on customer experience

Temenos T24 Transact is a core banking system providing product


definition, transaction processing, unparalleled operational scalability and functional
depth for all retail banks, corporate banks and private bank and wealth managers.

4
Digital Front Office Temenos Infinity is a digital banking product focused
on customer experience.
Core Banking Temenos T24 Transact is the next generation in core
banking.
Payments Temenos Payments is a payment hub supporting traditional
and real-time payments.
Wealth Management Temenos Wealth optimizes relationship
management and investments.
Fund Administration Temenos Fund Administration is an investment
accounting and servicing solution.

5
Temenos products are available to cover most of the financial services landscape.

Product Architecture - R18 A-6


Temenos Overview

The T24 product development is organised as L1, L2 & L3 where


L1 – deals with core functionality
L2 – deals with reusable functionality with specific reference to each geographic
location . Known as Country Model Bank
L3 –deals with non-reusable functionality for customers
This is the product architecture. The teams tend to mirror the product architecture.
Temenos Overview

Teams are split based on the various product verticals. Banking Framework and App
framework are horizontals rather than verticals
Evolution of T24

T24 was previously called GLOBUS. T24 is a product that is made up of several
products that provide specific banking functionality. For eg FT(Funds Transfer),
LD( Loans and Deposits).

Globus became T24 in 2005 after the NS(Non Stop) product was introduced.
The NS product allowed banks to input transactions in T24 even when
COB(close of business or end of day operations) were running. Users could
login to T24 by specifying the URL in the browser and giving their User Id and
Password. This popular UI is also called the T24 browser.

The latest UI gives a rich user experience and is called the UXP Browser.

T24 code can be compiled using a C compiler and is executed in a TAFC


runtime. The native Database for T24 a multi-dimensional DB called jBase. T24
can also interact with other Databases like an Oracle, DB2 database.

In newer T24 releases, the code compiled using a Java compiler and is
executed in the TAFJ runtime. H2 database is used internally for development
and testing . Clients(Banks) can use SQL, DB2, Oracle database in TAFJ.

Product Architecture - R18 A-10


Click on Model BankApplication Server Start to start the jBoss Application server
and the database. Three windows will be launched as shown above. One window for
the jBoss application server and two for the Database.

Product Architecture - R18 A-11


URL http://Localhost:9089/BrowserWeb - for the BrowserWeb UI.

URL http://Localhost:9089/Browser - for the new Browser UI

provide the user credentials as INPUTT/123456

Product Architecture - R18 A-12


Click on Browser under Model Bank R19 to launch the Temenos UXP Browser. Enter
the User credentials as INPUTT/123456. You may be prompted to change password if
you are logging in for the first time. The T24 Home page is displayed after the User
credentials are validated.

Product Architecture - R18 A-13


What you see here are sample screens of the Character User Interface, Globus
desktop, Browser and the new UXP Browser

A character user interface was used to interact with Globus. This interface is known
as the classic and is popular even today.

A graphical user interface called Desktop(a Visual Basic program to create the user
interface) was introduced later.

T24 Browser is a functionally rich browser based client designed to work in a web
server or application server based architecture.

UXP Browser is the new user interface for clients retaining the familiar usability of
Temenos Browser, but offering a better user experience and richer set of features by
leveraging the Temenos Channels Solutions.

Product Architecture - R18 A-14


In this lesson, we will saw
Temenos Products
Introduction to Temenos Transact

15
16

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