Every year, Temenos releases a new version of their Core Banking platform, which adds more capabilities and technical improvements. This blog post overviews significant enhancements in the Release 24 of everyone's banking platform.
Transact Core
Linking Transact Limit to External Forex Exposure
Managing Individual Accounts of Fixed Assets Using Contract-based Method
Transact Corporate
IFRS Reporting for Portfolio Allocation
Transact Microservices
Building Images Using Pre-image Kit
Data Packager in Service Request
PAYMENTS
Receiving and Processing ACK/NACK or DLN for ROI Response
Initiating Payment Status Request (pacs.028) for the Payment Messages sent to the Clearing
Inward Batch Cross-Border Credit Transfer
Inward Batch Domestic Credit Transfer
Outward Batch Cross-Border Return
Outward Batch Domestic Credit Transfer
Outward Batch Return/Refund
Incoming Financial Credit Transfer (pacs.009) Cover Payment
Outgoing Return (pacs.004) for Customer and Bank Transfer
WEALTH SUITE
The portfolio Sustainability score is also added to the Multi-Ordering pages. In the Multi-Ordering flow, the Compliance Summary has two sections: "Global" and "Per Portfolio." In the "Per Portfolio" section, the sustainability score of each portfolio is displayed along with the individual compliance objectives.
Cancellation of a PE Subscription is now supported End to End and is initiated from the Channels "Recent Operations" page. The cancellation is allowed until the Investment wave is in the "Draft" state. Once the Investment wave is changed to "Final," Cancellations are not allowed.
The new reporting solution was released in 23AMR with only online report generation. In this phase, the Batch Reporting option generates reports via dedicated jobs.
TEMENOS DIGITAL
Trade Finance: Integration of SCF Channels with Transact to get all Customer Programmes and Facilities.
Multi-entity switch, Integration, and Channels
Retail Origination
Generic Changes for all the Temenos Digital Apps
SME Origination
Corporate Lending Origination System (CLOS)
FCM
The Responsive Mode in Alert Managers
FCM is enhanced by displaying the Payload and hit information horizontally so that the user can evaluate the alert quickly without scrolling down the page.
We are configuring multiple scan engines. This functionality reduces the time to start the scan server and removes the dependencies with the DB during startup.
REGULATORY COMPLIANCE
Confirmation of Payee (CoP) service checks the account and reference details when the payer sets up a new beneficiary/payee to initiate CHAPS, Faster Payment, or record a standing order. CoP is one of the many ways the finance industry handles fraud.
ANALYTICS
We are using Cloud Storage to Export Data as CSV. This feature allows DW to connect directly to the cloud storage using the DW Interface (DWI) to export data as CSVs.
Dataset OData URL Display Option. The Analytics Web Front Ent Application and API Services now hide Dataset OData URLs by default, and the Dataset OData URL Display Option allows clients to enable this kind of API URL on content definitions if they wish to.
Data service CSV data query API. New data endpoints have been introduced to enable the streaming download of Dataset and Quick Report query data in CSV format.
Quick Report data CSV download. A new feature that allows users to download report data as a CSV file, with or without runtime filters applied, without having to wait for the entire report to render
NEW PRODUCTS
LIMEXT Limits with External Exposure
CNLEND Lending
PPAURX RITS RTGS Clearing
CAISIC SIC Directory Upload and Reachability Check
PPHKFB FPS Batch Clearing
UKMODC Bank Account Modulus Check
CAHKRX CHATS Clearing Directory Upload and Reachability
CAHINS HKFPS Instant and Batch Clearing Directory
RFUSFI Fednow Request For Payment
PPUSFX Fedwire ISO20022 Clearing
AUDEPO Deposits
UKCASS Current Account Switch
UKISAS Stocks & Shares ISA
Keep up the great work!
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