Temenos Transact
The following are the key features of 202304. For a complete list of the new features, refer What's New PDF.For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Retail | Storing Daily Risk-Free Rates for an Arrangement | The ST.RFR.DETAILS application is now enhanced to record the risk-free rate calculated for each working day of an arrangement along with details such as daily accrual, principal balance on which the accrual amount is calculated and so on. |
| Retail | Add New Property in Multi-Currency Accounts | The system is now enhanced to allow the bank to add new properties using the Add New Property feature in Multi-Currency Accounts (MCY) product line and define when the new properties need to be added to existing arrangements using the available Start, Today, and Date options. |
| Retail | Storing Interest Accruals for RFR Contracts | When back-dated adjustments are posted to a contract that calculates the risk-free rate using rate compounding method, the adjusted accruals for the previous month or previous year is booked in different Profit and Loss categories based on the information in the AC.RFR.DETAILS application for the respective periods. |
| Private Wealth | Central Hub Processing in Securities | Temenos Transact is enhanced to handle certain orders or trades in portfolio’s own company (company where portfolio is created) based on some exception rules. |
| Corporate | Borrowing Base Facility | Temenos Transact is enhanced with borrowing base facility that allows a financial institution to link the collaterals to a facility and monitor the exposure as per the collateral value. |
| Corporate Lending | Trade Management in Secondary Loan Trade | LOAN.TRADE application and Loan Trade service are now enhanced to capture a settled trade that updates the loan position, remits the funds to the counterparty, and generates the necessary accounting entries. |
| Platform Framework | AWS Multi-shards and Multi-streams | The Amazon Elastic Kubernetes Service (EKS) Ingester and Avro Ingester consumer features are now enhanced to support the processing of multi-shards and multi-streams. |
| Banking Framework | Supporting SWIFT Relationship Management Authorisations Upload | The Temenos Relationship Management Authorisation (RMA) directory has been enhanced to maintain the authorisations per SWIFT service and support the upload of the SWIFT RMA distribution files. The SWIFT RMA Adapter module (SFRAAD) allows the bank to automatically process the RMA distribution files received from SWIFT and update the RMA Directory. |
| Banking Framework | MX Messages Framework | The Delivery module is enhanced to provide a framework that allows the banks to activate the annual rule book changes for CBPR+ messages and other ISO20022 RTGS solutions supported by TPH that use the Delivery XMLISO capability. |
| Banking Framework | Deploying IN & RD in Temenos Reference Data | Temenos provides the ability to deploy the IBAN (IN) and the Centralised Reference Data (RD) modules as part of the Temenos Reference Data shared service. |
| Banking Framework | Storing Risk-free Rates Calculated for each Day of an Arrangement | The system is enhanced to record and store the risk-free rate calculated for each working day of an arrangement along with the daily accrual and principal balance details on which the accrual amount is calculated in the ST.RFR.DETAILS application. |
| Regional Banking Solutions | Flexible Repayment Based on the Fixed Amount | This functionality allows banks to manage the automatic repayment on the loan arrangements based on the customer request. |
| Regional Banking Solutions | Multiple Loans and Package Pricing | This functionality allows banks to manage multiple fully featured loan accounts within one package. |
| Regional Banking Solutions | Product Control Rules for Home Loans | This functionality allows banks to apply the system control on the home loan product based on the interest rate type (fixed or variable), loan purpose and payment type (such as Constant or Interest Only). |
| Regional Banking Solutions | Retail Deposits | This functionality supports the creation and operations related to the demand, time and call deposits for retail customers. |
| Regional Banking Solutions | Block the Update of TAXREG.GST.DETAILS for Refund Transactions | This functionality allows banks to block the update of the TAXREG.GST.DETAILS application for refund transactions. |
| Regional Banking Solutions | Settlement | This functionality enables banks to perform cash deposits and withdrawal transactions in both foreign currency (FCY) and local currency (LCY) for individual customers. Also, this functionality enables the facility to perform fund transfers with cheques for corporate and individual customers. Also, this functionality allows banks to buy or sell foreign exchanges for corporate customers. |
| Regional Banking Solutions | Manage BPAY Biller Details | This functionality supports the on-boarding and maintenance of new billers. |
| Regional Banking Solutions | Daily Matching Enquiry | This functionality allows banks to manage the daily matching enquiry contents and classifications, the entries for inter-branch transactions, and the non-contingent and contingent transactions, performed during the day through the branch’s counter. |
| Regional Banking Solutions | Limit and Collateral | This functionality enables banks to validate the frozen fund information in the collaterals during the updates and reversal of the collaterals details. New versions and enquiries have been introduced as part of this module to allow the handling of the collaterals locked events. |
| Regional Banking Solutions | Corporate Deposits | This functionality enables banks to manage the interest accruals for the demand and time deposits, the charges applied for a minimum account balance and the dormancy charges for dormant accounts. |
| Regional Banking Solutions | CRS Reporting for UK | This module is an extension of the CRS reporting modules in Regulatory Compliance to fulfil the UK requirements. It generates the Common Standard Report based on the UK CRS specifications and submit it to the regulatory. |
| Regional Banking Solutions | Certificate of Interest Paid (COIP) | This functionality allows banks to generate the certificate of interest paid for the loans, accounts, deposits and for a tax year also. |
| Regional Banking Solutions | Upload Clearing Directory | This functionality allows banks to process the automatic file upload to update the CA.CLEARING.DIRECTORY application.
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| Treasury | Supporting the Settlement of Forex CLS Deals | The FOREX application is now enhanced to support the settlement of Forex CLS Deals. The system can now perform a multilateral netting of CLS deals and process a single payment or receipt to the CLS bank or to the member bank. |
| Treasury | Migrating Position Transfers to Forex | The Forex module is enhanced to support the migration Position Transfer from Country Model Bank to Treasury Forex. |
| Application Framework | Emitting Business Events by Configuring SPF and EB.DES.PARAMETER |
Temenos Transact is enhanced to emit Business Events based on the system-level configuration. |
The following are the key features of 202303. For a complete list of the new features, refer What's New PDF.For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Interaction Framework | Externalization of Cross-product-config | The user intervention is not required to modify or configure the variables available as part of cross-product-config.properties. |
| Platform Framework | User Audit in Event Store | Banks can fetch the audit logs of the user’s transactions using the user audit API. |
| Private Wealth | Crypto Assets in Transact | Transact supports trading in cryptocurrencies by managing these currencies as security instruments in the SECURITY.MASTER table and allowing a high precision for nominal. |
| Private Wealth | Grouping and Placing of Multiple Orders as a Single Order | Orders of multiple customers with the same contract, maturity date, underlying maturity date, strike price, call or put option, buy or sell combinations are grouped and placed as a single order in the market in the parent-child structure. Banks can now group any number of derivative client orders and place it as one single order in the market. |
| Retail | Override for Excess PTP Amount | The Collections module now allows a promise-to-pay (PTP) for an amount more than the overdue or unauthorised overdraft amount while updating a customer’s promise-to-pay commitment. |
| Retail | Enhanced Statement Narrative Configuration | It is now possible to parameterise transaction narratives to display in the statement of the financial transactions of an arrangement in a clear and user-friendly way. |
| Retail | Add New Property | The system is now enhanced to allow the bank to add new properties using the Add New Property feature in Lending (AL), Deposits (AD), and Accounts (AR) product lines and define when the new properties need to be added to existing arrangements using the available Start, Today, and Date options. |
| Retail | Setting up Cooling period with Closure Property Class | Transact now allows the bank to set up cooling period attributes for deposit products (AD) and account product line (AR) using the Closure property class. Banks can specify the particular property class or property for which a waiver or refund is to be done if the deposit or account is closed within the cooling period. |
| Retail | Account Live Closure using Default Beneficiary | The live closure in an AR account can now be performed and the proceeds are transferred to a specified beneficiary or a default beneficiary via Payment Order and the corresponding payment system such as TPH. |
| Retail | Account Live Closure using Default Settlement Account | The system is now enhanced to transfer the closure proceeds using a default settlement account if the required settlement details are not available during the live closure of an AR account. |
| Retail | Calculating Annual Percentage Rate for Forward-Dated Changes | When there is a forward-dated rate change, the system can recalculate APR from the effective date of rate change and configure the basis on which the APR has to be recalculated (principal outstanding or present value). |
| Islamic Banking | Evaluation of Exclusion Conditions for Mudaraba Savings Accounts | For Mudaraba Savings accounts, account exclusion evaluation conditions can now be configured to validate the expected minimum balance amount present in the account on a daily/monthly basis and the threshold transaction count against the transactions executed in the account monthly from the list of Transaction codes. If the evaluation condition fails, then no profit amount is paid to the customer account during PDS distribution. |
| Regional Banking Solutions | Flexible Repayment Based on the Fixed Amount | This functionality allow banks to manage the automatic repayment on the loan arrangements based on the customer request. |
| Regional Banking Solutions | Settlement | This functionality enables banks to perform cash deposit transactions in both foreign currency (FCY) and local currency (LCY) for individual customers. |
| Regional Banking Solutions | Joint Holders | This functionality allow banks to manage the details of the overall data sharing status of the open banking accounts and create, revoke the customers relationship based on the nomination status. |
| Regional Banking Solutions | Corporate Deposits | This functionality allows banks to manage corporate deposits like demand deposits, time deposits, call deposits and agreement deposits. Also, this functionality enables banks to perform some special operations on corporate deposits. |
| Regional Banking Solutions | AUDDIS and ADDACS Reports | This functionality allow banks to parameterise and validate the payment types related to a loan arrangement available in Temenos Transact. |
| Regional Banking Solutions | Fedwire Return File Generation | This functionality allows banks to automatically update the correspondent bank for an ineligible routing number into the correct field in the wire transfer, if the correspondent bank is configured. |
The following are the key features of 202302. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Corporate | Internal Portfolio Allocation in Facility | Portfolio Allocation feature allows banks or financial institutions to recognize their exposure to loans, income earned and total revenue from a facility or loan portfolio-wise thus helping them in planning and restructuring their portfolios exposures efficiently. |
| Corporate | Disbursements and Activity Charges in Portfolio Allocation | Portfolio Allocation feature allows banks or financial institutions to recognize the portfolio-wise income and revenue from a facility or loan based on the loan disbursal and the activity charges. |
| Corporate | Facility Commitment Amortisation Schedule | The Facility module is enhanced to support the facility-level repayment, where the user can define the amount of repayment and frequency in the payment schedule property class at the facility level. |
| Interaction Framework | Deploying and Configuring XACML Policies from Generic Config Microservice | IRIS is enhanced to load XACML policies from MsConfig (a generic configuration microservice) using the pdp-callback-config.xml file for XACML authorization. XACML policies are externally stored and retrieved from MsConfig or from war package to validate the API. |
| Regional Banking Solutions | Goods and Services Tax | This functionality allows banks to refund the GST collected in transactions through the FUND.TRANSFER application. |
| Regional Banking Solutions | NPP PayTo - Mandate and Interface | This functionality allows banks to enable customers to authorise third parties to initiate payments from their bank accounts. |
| Regional Banking Solutions | Goods and Services Tax | This functionality enables banks to manage the GST exemption of transactions made by an assessee whose GSTIN is issued for an entity located in the Special Economic Zone (SEZ) and to support the refund of commission and GST, or GST alone, which was collected earlier. |
| Regional Banking Solutions | AUDDIS and ADDACS Reports | With this functionality, a new report format has been introduced and both the Automated Direct Debit Instruction Service (AUDDIS) bank return and Automated Direct debit Amendment and Cancellation Service (ADDACS) reports will be received in an .XML format by the bank, which can be processed automatically during the Close of Business Day (COB) process or can be executed manually. |
The following are the key features of 202301. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | State Change as Business Events | Transact emits state change as Business Events for both authorization and reversal authorization of a record. |
| Application Framework | Business Event in Transact | Transact can emit Data Event Streaming (DES) as Business Events. |
| Banking Framework | Cancelling Cheque Deposit before Collection | Cheque Collection processing is enhanced to cancel or revoke an outward collection cheque that is deposited and yet to be sent for collection. As part of this cancellation process, the system reverses the associated accounting entries raised originally as a part of the cheque deposit transaction. |
| Integration Framework | Monitoring DES using Tracer | Temenos Transact now supports the tracer in DES and allows the user to validate the tracer in DES through Jaegar. |
| Interaction Framework | UXP Browser Tracer Implementation | The tracing request triggered in UXP Browser can now be viewed directly in an organised way in the Grafana dashboard. |
| Interaction Framework | Migrating Existing APIs to Generic Config Microservice | T24 Transact is now enhanced for the user to migrate the existing API artifacts from the JAR file to the Generic Config Microservice using API Workbench and Utility API. |
| Islamic Banking | Enhanced Mudaraba Facility and Finance | The enhanced Mudaraba financing product allows the bank to provide a Mudaraba facility for a fixed period to the customer. Based on the request from the customer, it can disburse funds using drawings. The customer can declare the realised profit amount at the facility or drawings level as per their convenience. Based on the agreed profit-sharing ratio, the profit amount is paid or collected from the settlement account. |
| Regional Banking Solutions | Withholding Tax | This functionality allows banks to withhold tax on dividends for fixed income or bonds, except Qualified Domestic Institutional Investor (QDII) bonds. However, the Withholding tax (WHT) is required to be deducted as a tax based on the type of bonds and whether the dividend income derived is by a resident or non-resident investor. |
| Regional Banking Solutions | Settlement | This functionality allows banks to perform cash deposits transactions in Foreign Currency (FCY) and cash withdrawals for corporate customers and cash in Local Currency (LCY). |
| Regional Banking Solutions | Goods and Services Tax | This functionality enables banks to manage the GST exemption of transactions made by an assessee whose GSTIN is issued for an entity located in the Special Economic Zone (SEZ) and to support the refund of commission and GST, or GST alone, which was collected earlier. |
| Regional Banking Solutions | Bank Transfers Reports | This functionality allows banks to extract and send particular type of payment transactions which are performed for that quarter in the Bank Transfers report as part of Puma reporting. |
| Regional Banking Solutions | Capture the External Consent ID and Consent Deletion API | This functionality allows the PSU to view and revoke consent at the AISP. |
| Regional Banking Solutions | CLABE Validation | This functionality allows banks to manage Mexican beneficiaries, validate the format and verify the correctness of the check digit of the CLABE number. |
| Retail | Payment Restrictions | The system is now enhanced to evaluate if there are any underlying activity restrictions during payment initiation itself and display the results in the Payment Order page for all the arrangements. |
| Retail | Collecting Charges on Future Value Date Transactions | It is now possible to collect the charges associated with future value-dated financial transactions on the SOD process of that value date. |
| Retail | Refresh Flag for Product Conditions at Simulation Level | Synchronous Simulation in AA is now enhanced with the following possibilities:
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The following are the key features of 202212. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Non-year End Decommissioning in Accounting Unit | This feature provides the workability of the decommission process by setting it into year-end or any date after the year-end. |
| Corporate | Defining Higher or Lower Interest Rates | Banks can now define multiple interest rates for Lending or Club Loan contracts along with the interest rate spread, thus allowing the banks to choose the higher or lower interest rate among them to calculate the interest. |
| Interaction Framework | IRIS with TAFC Direct Connector | This feature invokes the jRemote TAFC platform component to establish the communication channel. |
| Regional Banking Solutions | Settlement in Teller Operations | This functionality allows banks to handle transactions related to cash deposits and withdrawals from an account, involving the transfer of funds from one account to another. |
| Regional Banking Solutions | Goods and Services Tax | This functionality enables banks to manage the GST exemption of transactions made by an assessee whose GSTIN is issued for an entity located in the Special Economic Zone (SEZ) and to support the refund of commission and GST, or GST alone, which was collected earlier. |
| Regional Banking Solutions | Joint Holder in AISP | This functionality allow banks to share data for the individual account holders, joint account holders, and secondary account holders. |
| Regional Banking Solutions | Financial Transaction Levy Fee | This functionality allows banks to calculate the levy fee for direct debit transactions below HUF 20000. |
| Regional Banking Solutions | Composable Banking | This functionality is a UK flavor of the account Temenos Banking Capability (TBC) that complement the standard set of functionalities available under the core account TBC framework. |
| Regional Banking Solutions | Account Opening Rule 5 | This functionality allows banks to apply the Account Opening Rule (AOR) 5th regulation related to Saudi nationals, customers holding foreign and Saudi passports, and expatriate residents under temporary residence in the work Visa. |
| Regional Banking Solutions | APR Calculation and Treasury Rates Processing per French Regulation | This module allows banks to calculate the TEG or TAEG as per French Regulations for loans and overdraft and as per the Tunisian regulations for loans. It also ensures to validate the calculated TEG or TAEG against the Maximum Legal Rate. |
| Regional Banking Solutions | Fed Funds Sold and Returned | This functionality allows users to initiate and receive Fed Funds sold or returned. |
| Regional Banking Solutions | Incoming Fedwire with Ultimate Creditor | This functionality allows banks to receive incoming wires for another bank or investment company that holds an account in our books and the ultimate creditor on the incoming wire may not be our customer. |
| Regional Banking Solutions | Outgoing Wire with Ultimate Debtor | This functionality allows users to initiate outgoing wires that debit our customer’s account or general ledger that may also include an ultimate debtor or originator that is not our customer. |
| Retail | Suppressing Account Number Generation for Simulation | It is now possible to suppress the generation of the account number for new arrangement simulation. |
| Retail | Calculating Break Cost Fee during Early Redemption | The Retail Deposit module can now be configured to calculate a break cost fee for a partial or full withdrawal of a term deposit. |
| Technology | Deploying Package in Asynchronous Mode |
The V4 Deploy API allows asynchronous deployment of a package. It deploys a package in asynchronous mode without having to wait for the deployment to complete, thereby reducing the waiting time. A unique deploy ID is generated for each package deployment call. The Check Deploy API checks the deployment status of any package deployment at any time, using a unique deploy ID. |
The following are the key features of 202211. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Fixed Asset Management | Fixed Asset Management (FIXAMT) module is introduced to provide the banks a complete financial control over the bank’s fixed assets throughout its life cycle. This module includes classifying fixed assets, tracking operational units, managing suppliers, and processing all the lifecycle events of the fixed asset. |
| Islamic Banking | Calculating Penalty Amount during Pre-Closure of Wakala Deposits | The following are the new features introduced in Islamic Deposits:
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| Regional Banking Solutions | Limit and Collaterals | This module provides and maintains various limits for the customer. It also captures the loan agreement information of the customer and accepts the collaterals based on the loan facilities. |
| Regional Banking Solutions | Fedwire Multi-Level Intermediary | This functionality provides the ability to initiate a wire transfer where the beneficiary's FI maintains an account relationship at a correspondent bank, intermediary bank or receiving FI (direct Fedwire Funds Service (FFS) participant), initiate a wire transfer where the beneficiary's FI uses an intermediary bank that maintains an account relationship at a correspondent bank or receiving FI and initiate a wire transfer where the beneficiary's FI's intermediary bank maintains an account relationship at a correspondent bank or receiving FI (direct FFS participant). |
| Regional Banking Solutions | Goods and Services Tax | This functionality allows banks to collect the Goods and Services Tax (GST) from charges, as part of the cheque issue process and from charges levied on an account. |
| Regional Banking Solutions | Account Opening Rule 5 | This functionality allows banks to adhere to the Account Opening Rule (AOR) 5th edition released by the Saudi Arabian Monetary Agency (SAMA), with the new changes about account opening. |
| Regional Banking Solutions | Open Banking Account Information APIs | This functionality allows banks to retrieve the details of accounts, account balances, customers, direct debits, payees, schedule payments, transactions, and user agent records for the AUOBPZ module. |
| Retail | New Periodic Attribute Classes for Payment Holiday | The HOLIDAY.COUNT and HOLIDAY.RESTRICT periodic attribute classes control the payment holiday count that can be defined for a particular product and parallel payment holiday definition respectively. |
| Retail | Limits in Multi-Currency Accounts | The limit can now be sanctioned for a Multi-Currency (MCY) account. |
The following are the key features of 202210. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Regional Banking Solutions | Remove Soft Property Class from UVA Deposit | This functionality allows banks to manage the UVA deposits without using the soft property class. |
| Regional Banking Solutions | NPA Validations and Calculations | This functionality allows banks to reverse the interest already charged and not collected by debiting the Profit and Loss (P&L) account, stop the further application of interest for an account turning Non-Performing Asset (NPA), update the classification status in the account applications to facilitate flow to downstream systems, automatically propagate the customer classification across all his accounts and suspend the interest for all the accounts of the NPA customer, including the standard assets. DPD calculation and ageing are enabled for out-order accounts, too. |
| Regional Banking Solutions | Other Interest Report | This module allows banks to generate the Other Interest report which holds the list of account owners who have benefited from a corporate action event. |
| Regional Banking Solutions | Fedwire Return File Generation | This functionality covers the processing of the outgoing Fedwire return transactions from exception, history, or nonvalue message queues. |
| Regional Banking Solutions | Same Day ACH Debit via DB Application | This functionality allows users, customers or merchants to pull funds from external bank accounts within the same day via the DB collection application. |
| Retail | Improving Performance during Synchronous Simulation | The combined simulation of two or more activities can be performed online (synchronous simulation), without the use of a simulation service. It is also possible to improve the response time of a synchronous simulation by not updating the .SIM records during the simulation capture. |
| Retail | Customer Dormancy Processing using CDM | Transact can now handover the Last Activity Date of the dormant arrangement to the ST.CDM.MONITOR and configure if the AA dormancy processing should handoff the dormancy information to Customer Dormancy Monitor (CDM) when the arrangement becomes dormant. |
| Retail | Multiple Notional Interests on Pool Balance | Transact now allows configuring multiple notional interests on the pool balance as the validation to restrict multiple interest properties at the Recipient Property is removed in the existing product condition of Interest Compensation Property Class. |
The following are the key features of 202209. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Corporate | Memo Deals, Facility and Drawings | Temenos Transact allows the user to create memo, facility and drawings to facilitate new lender entering into syndication. |
| Design Framework | Packager API Reconciliation Tool | Packager API verifies the content of a single or multi-package deployed in an environment and enables the user to identify the records that are deployed successfully and the ones that failed along with the reason for the failure. |
| Integration Framework | SSL Handshake Setup for DQ Feedback Mechanism | The SSL handshake has now been introduced in the Data Quality (DQ) Feedback Mechanism and SSL can be enabled and disabled based on the configuration. |
| Interaction Framework | Managing Custom Vocabulary | Banks can now modify the vocabulary entries without modifying the core vocabulary file. |
| Regional Banking Solutions | Important Blank Voucher | This functionality allows banks to transfer important blank vouchers from the HQ to branch, branch to HQ, branch to branch, between supervisors, supervisors to tellers. |
| Regional Banking Solutions | Usage of Available Balance | This functionality allows banks to handle the modified existing lock amounts pertaining to normal queue items (loan repayments, Mandate Based Warrant (MBW) or Bill of Exchange (BoE) warrants) whenever there are charges, interest or fees capitalised in the account. |
| Regional Banking Solutions | APR Calculation and Treasury Rates Processing per French Regulation | This module allows users to calculate the TEG as per French regulations and also as per Tunisian regulations. |
| Retail | Accessing Simulation Runner using a Unique Reference | To handle the simulation process with ease, Transact now allows accessing the record in AA.SIMULATION.RUNNER using a unique reference ID from AA.SIMULATION.CAPTURE. |
| Retail | Defining and Maintaining Nominated Counter Accounts | The incoming and outgoing payments in an account or deposit can now be limited from/to pre-defined counter accounts (or nominated counter accounts) only. |
The following are the key features of 202208. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Support for camt.060 Messages (Equivalent of MT920) | The framework of the Delivery MX Translation module is enhanced to send ‘like for like’ ISO20022 CBPR+ compliant camt.060 message based on the outward MT920 message. |
| Corporate | Capturing Trade Transaction | Corporate Lending is now enhanced to capture the loan trade along with the credit agreement details, Settlement instructions, and Third-party consent. |
| Corporate | Amortisation of Upfront Fee during Splits and Merges | Temenos Transact now allows the user to record the accounting treatment for the own bank share of upfront fee at drawings during splits and mergers of club loans as per IFRS9 accounting standards. |
| Corporate | Handling Exchange Rate Tolerance in Lending | Temenos Transact now allows the system to perform a tolerance check on the contract's existing FX rate and update it accordingly upon repricing. |
| Interaction Framework | Regex Validation Support for UXPB | Regex Validations can be customized for each field. |
| Islamic Banking | Separate Weightage for Pre-Closed Deposits (Used in PDS Calculation) | Mudaraba deposits (ID) can be pre-closed prior to the maturity date. During pre-closure, the profit amount can be set for recalculation by using the actual completed tenor with the broken deposit rate. Also, it is possible to setup and apply different weightages for pre-closed deposits involved in the PDS calculation. |
| Private Wealth | Processing Intraday REPO Contracts and Interest Calculation | The REPO application is now enhanced to process the Intra-day REPO contracts and to calculate the interest amount based on elapsed minutes between the start time and end time of the contract. |
| Regional Banking Solutions | Australia Base Generic API's | This functionality allows banks to manage the customer records for the AUBASE module. |
| Regional Banking Solutions | Address Interface Generic API's | This functionality allows banks to manage the standing order and payment order pertaining to a bill payment. |
| Regional Banking Solutions | BPAY (Bill Payments) Generic API's | This functionality allows banks to manage the standing order and payment order pertaining to a bill payment. |
| Regional Banking Solutions | Rate Lock Generic API's | This functionality allows banks to manage loans with the reference of the Rate Lock Id and to retrieve details of the various types of loans such as mortgage, rate locks, loan redraw, etc. |
| Regional Banking Solutions | Turnover Collections | This functionality allows users to handle the exemptions of Turnover Collection tax on incoming transfers on savings accounts for the jurisdictions that have their own padrons and for the ones that use SIRCREB padron, complying with the latest Argentinian regulation. |
| Regional Banking Solutions | Account Closing Interdependencies with Queuing | This functionality allows banks to view the queuing related errors or overrides at the simulation stage when the user tries to close the payer or external account. |
| Regional Banking Solutions | Individual Savings Accounts – Cash ISAs | This module allows users to access the Find Account, Find Individual Savings Account (ISA) and Find ISA Transfer menus for the ISA accounts for UK. These enquiries will display all the records related to ISA account as well as the ISA deposits. |
| Retail | Processing Forward-Dated Changes between Bill Issue and Due Dates | When a bill is issued in advance, Transact calculates the bill amount considering any payment amount recalculation between the bill issue and due dates. |
| Retail | Processing of Backdated Schedule in Accounts with Attached Limit | Banks can now capture and update the historical limit balances during the takeover of an overdraft account with an attached limit. The captured historical interest bills adjust the historical limit balances automatically. |
| Treasury | Netting of RFR Swap Contract with Payment Delay | The SWAP application is enhanced to support the netting of Risk-Free Rate (RFR) Swap contracts with with either the As Rfr Payment Delay or Lb Rfr Payment Delay fields specified in the RFR leg of the contract. |
The following are the key features of 202207. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Standardizing COMO Logs and Including Message Level | COMO logs are now standardized to include log message levels in COMO content, during COB and standalone service execution in Transact. |
| Banking Framework | Multilateral Netting Settlement | Multilateral netting settlement process is introduced for netting and processing the Forex CLS trades for a given value date and currency as a single settlement through the identified Nostro account. |
| Interaction Framework | Externalization of API properties for IFX Framework | Configuring the appropriate properties as environment variables is the key to this feature. |
| Regional Banking Solutions | Shared Limits | This functionality allows banks to add, increase, decrease, remove and cancel or handle the expiry limits in the queuing solution and handle limits that are shared between multiple accounts of a customer. |
| Regional Banking Solutions | Completion Reason Codes | This functionality allows banks to communicate the responses from Temenos Transact to the third party clearing system in the operation at the bank (PCS), whenever a queue is completed, cancelled, or terminated due to various reasons. |
| Regional Banking Solutions | Daily Report of Forced Collections | This functionality allows banks to view the report with the details of the forced collection of regulatory warrants by reversal of the Unauthorised Overdraft (UOD) settlements on the expiry date of the warrant. |
| Regional Banking Solutions | Exempt Amount Calculation | This functionality allows banks to calculate the exempt amount excluding the accounts that have posting restrictions. |
| Regional Banking Solutions | Cash and Till Processing | This module allows users to manage the cash flow from Popular Bank of China (PBOC) to the headquarters or region and from there, further down to the branches, and to handle the internal maintenance of the cash within the branch after the cash is received from PBOC, for a smooth cash movement within the branch and for other cash related internal operations like till set up, teller assignment etc. |
| Regional Banking Solutions | ACH Automatic Returns | This functionality allows banks to manage the automatic returns of incoming transactions in exception. Based on the type of exception faced, the appropriate return code will be populated in the payment and returned at the time of cut-off if no manual intervention has been done to correct and post or return the exception transaction. |
| Regional Banking Solutions | Other Interest Report | This module allows banks to generate a report of the accounts of those who have benefited from the income from securities trading and not securities trading, securities income. |
| Regional Banking Solutions | ACH Credit Exception Account Missing | This functionality allows banks to view credit transactions with incorrect credit accounts and make decisions to either post or return those transactions. |
| Regional Banking Solutions | SAFE Reporting | This functionality allows banks to provide certain data to the reporting system. |
| Retail | Notice Request Validations during Locking of Funds through GAI | Banks can now validate the available balance while locking funds on a notice account or notice deposit that has a notice in process. |
| Retail | Generating a record in DD.ITEM for the Combined Bill Amount |
When more than one bill is settled using the same DD Mandate, Temenos Transact is enhanced to combine the amounts of the bills and generate a single record in DD.ITEM if certain conditions are met. |
| Retail | Negotiating Product Qualifier Rules at Arrangement Level | Banks can now define and negotiate the product qualifier rules at arrangement level for notice accounts and deposits. |
| Retail | Loan Interest Rates post Maturity | It is now possible to calculate interest by ascertaining the tier rate based on the total commitment amount even after the maturity date of the loan. |
| Retail | Deferred Repayment of Payment Holiday Interest | The user can now configure the system to invoice the accrued interest during payment holiday, immediately in the upcoming installment/s or equally spread it over a specified number of installments. |
| Retail | Combined Settlement Using Temenos Transact Account | When more than one bill is automatically settled using the same Temenos Transact account, the settlement condition can be defined to combine the amounts in those bills based on certain criteria and process them as a single settlement. |
| Retail | Processing RFRs using Non-Cumulative Compounded Rate Option | Temenos Transact’s Lending and Deposits in AA is now enhanced to support the Non-Cumulative Compounded Rate (NCCR) method of rate calculation which is more accurate in compounding the interest when the principal changes during the interest period. |
| Treasury | Booking of What-If Deals in TFO | TFO is enhanced to support the booking of FX What-If deals. |
| Treasury | Correction of RF Rate and Pre-termination of RFR Swaps | The Swap (SW) module is enhanced to allow users to manually amend the final RF rate in the SWAP application to enable rate correction or pre-terminate the contracts. |
| Treasury | Processing of Non-Cumulative Rate Compounding (NCCR) for RFR-linked Contracts Deals | The Money Market module is enhanced to support the Non-Cumulative Compounded Rate (NCCR) method, which is a daily compounded rate derived from Cumulative Compounded Rate (CCR). |
The following are the key features of 202206. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Interim or Intra-day Transaction Report | The statement for the message type MT942 can now be generated independently of MT941, that is, the entries of MT942 message type can be filtered only based on the last MT942 statement, which contains the list of entries since the last MT942 statement. |
| Interaction Framework | Appending Multi-Value Fields and Sub-Values | IRIS R18 now allows appending multi-value fields and sub-values without fetching the entire set of existing values. |
| Interaction Framework | Override Suppression in API Framework | API framework does not include overrides in the response and these overrides are auto approved in Temenos Transact for all API transactions. |
| Regional Banking Solutions | Payments Interface | This functionality allows banks to interface with the API’s to support CUSCAL NPP requirements. |
| Regional Banking Solutions | Forex Permit Number and Purchase Order Management | This functionality allows banks to manage the forex permits issued along with the corresponding transaction details and supporting document details that have to be reported every Monday to the Central Bank. |
| Regional Banking Solutions | Pre-Closure Fees for Loans | This functionality provides the ability to apply a pre-closure fee when pre-closing a loan based on specific rules. |
| Regional Banking Solutions | Generic API’s | This functionality allows users to manage the securities trades, portfolios income expenses, securities tax profiles, securities income distributions, portfolios income expense types, securities tax classes, fiduciary orders, securities income withholding tax, securities master tax classes, entitlements withholding taxes and stapled securities. |
| Regional Banking Solutions | Matching Reversal | This module allows users to define the parameter for matching reversal accounts and also keep all the information for further enquiry. |
| Regional Banking Solutions | Procedures | This functionality allows banks to process COR type messages so that IF events will be generated to send notifications of changes to the customers, amending existing recurring payment information and recipient information captured in Temenos Transact. |
| Retail | Retain Bill Reference during Reverse and Replay | Transact now supports the reverse and replay caused by any back-dated activity, prior to the notice capture date of the modified or cancelled notice bill. Notice Reference in the Notice Withdrawal Transaction Class helps to achieve this. |
| Trade Finance | Supporting the Removal of Reimbursement Bank during Letter of Credit Amendment | Temenos Transact supports the removal of Third Party CustNo in LC contract during the external amendment through LETTER.OF.CREDIT and allows issuing bank to make presentation claim settlement for the corresponding LC contract through MT202 message generated from DRAWINGS. |
| Trade Finance | Supporting Risk-Free Rates in Past Due Contracts | The Past Due (PD) module now supports risk-free rates with the following calculation methodd,
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The following are the key features of 202205. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Regional Banking Solutions | Business Travel Allowance | This functionality allows users to mark the customer records for which all the movements and beneficiary record have to be re-generated using the TNFCOP.MOVE.BENEF.REGENERATION application. |
| Regional Banking Solutions | Decouple the AIS and PIS Payment Service User (PSU) from Temenos Transact | With this functionality, the Account Servicing Payment Service Provider (ASPSP) connects to Infinity Spotlight database to validate the PSU login. Once the authentication is successful, the unique user Id of the Payment Services User (PSU) will be received in response from the Spotlight. Now the PSU is now known by the ASPSP. |
| Regional Banking Solutions | Locking of Accounts | This functionality allows users to create a priority 3 lock even if a queue item exists on the account (the Queue Available field is Yes in the account). |
| Regional Banking Solutions | Customer Infrastructure | This module supports the creation of individual and corporate customers by capturing the mandatory regulatory fields as per PBOC regulations. |
| Regional Banking Solutions | FSCS Summary Report | This functionality allows banks to view a summary of all the customer and account details for the bank that are eligible for FSCS reporting. |
| Retail | Automatic Closure of Notice Accounts and Deposits | The notice account or deposit can now be automatically closed when there is a trigger of any End-Of-Notice Period actions. The funds in the account or deposit are automatically settled based on the settlement instructions and the account or deposit is closed based on the closure conditions. |
| Retail | Notice Change or Cancel post Payment Initiation | Temenos Transact is enhanced to restrict the user from changing or cancelling a notice after the payment file is generated. The user is informed that the notice cannot be changed or cancelled as the payment is already initiated. |
| Retail | Restrictions on Increase in Notice Amount | Activity Restriction can be defined to provide the bank user an option to accept or reject a request to increase the notice amount of the captured notice within the notice period, as the additional funds did not serve the full notice period. |