TEMENOS TRANSACT
The following are the key features of 202104. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Business Reconciliation in TDE | In TDE, business reconciliation is introduced to reconcile the data between EB Contract Balance (ECB) and Consolidate Asset Liability (CAL). |
| Analytics | Column Lineage and ADL GEN2 upgrade in TDE | In TDE, the column lineage is introduced to capture the lineage between source and target at column level. Azure Data Lake (ADL) storage is upgraded to ADL Gen2. |
| Analytics | Risk Profitability in TDE | TDE Platform is extended to support Risk profitability while storing the dataset corresponding to risk models like Probability of Default and Loss Given Default in Analytical Data Store (ADS). |
| Application Framework | Upgrading Container in Online Mode with Elastic Scalability | A new mechanism is introduced for tSM-less environment to facilitate online upgrade service orchestration. During switch over, it provides a mechanism to downscale the pods in the production image. To provide this mechanism, TSA.PARAMETER is enhanced to allow you to specify upgrade and inactive image. |
| Application Framework | Transact Standards 2021 (TS2021) | From R21, a new module named Transact Standard 2021 (TS2021) has been introduced that governs the product standards applied to clients. After R21, the TS2021 automatically gets added during Initial System Build (ISB) and it is thus mandatory for implementations that start with R21 and above. As part of TS2021, COB now only considers Application, System Wide, Reporting, and Start of Day as valid stages. On completion of COB, a new service called ONLINE.SERVICE is triggered and it considers only Online stage and orchestrates the job defined to run in Online stage. With the separation of Online Stage, the product redefines how a COB is run and leverages the task of running the Online stage Batch/Job under the ONLINE.SERVICE. |
| Application Framework | Managing Packager Auto Service | The TSA.PARAMETER table is enhanced with Package Deployment field to facilitate the banks to manage services during package deployment mode by tSM. This field acts as a switch to decide on running the deployment services or all the services. With this new functionality, service framework stops all the services from running except the deployment service during deployment mode without changing the service control manually. |
| Application Framework | Auto Unique ID Generation | This feature allows Temenos Transact to generate unique sequence ID without any performance issues. |
| Application Framework | Transact Monitoring Using Grafana | The SPF table is enhanced with a new option called Ext in the Maint Tec Output field to dynamically log the information of various events (online and Batch transactions) and the TAFJ events to Grafana using Platform framework function TEC events. |
| Banking Framework | Intraday Statement – CAMT.052 | Intraday statement in CAMT.052 can be requested by the user at scheduled time intervals and on demand. This triggers a Statement Event for streaming the details for CAMT.052 statement production. |
| Banking Framework | Initial Load Processing for CAMT | The Initial load process streamlines the accounting movements raised for the statement period for the account prior to configuring the Account Reporting Events and Services (IZ) module, and the data streaming capability. |
| Banking Framework | Support MX Messages through SWIFT Interact Services | The Temenos Delivery module is now enhanced to process ISO20022 financial messages through SWIFT Interact services. |
| Corporate | Defining Default Settlement Instructions | The user can capture customer wise or currency wise default settlement instruction at the Deal level. |
| Design Framework | Inheritance Capability of API Version and API Enquiry | API with Version and API with Enquiry editors are now enhanced to ease the inheritance capability, which avoids the duplication of work. |
| Design Framework | Design Framework (DSF) Packager Repository | DSF package repository is now independent of Temenos Transact to extend its support for any kind of product extension. |
| Integration Framework | Defining and Using Outward Landing Table | This functionality allows you to use the IF.OUTWARD.DESIGN.LANDING table, which can be editable and acts as a source table for the IF.EXIT.POINTS and IF.INTEGRATION.FLOW.CATALOG tables to the workbench. |
| Integration Framework | Defining and Using Inward Landing Table | This functionality allows you to use the IF.INWARD.DESIGN.LANDING table, which can be editable and acts as a source table for the IF.INFLOW.CATALOG table to the workbench. |
| Interaction Framework | IRIS R18 Timeout | IRIS R18 now supports API timeout based on the SLA mapped against operationId with a timeout value in milliseconds in Config Microservice during the development phase. This loads all the values from the Config Microservice and places them in the cache before invoking the Transact API request. |
| Interaction Framework | IRIS Rules Engine | IRIS now supports payload validation against the configured rules engine. During API design, IRIS invokes the rules that are written and deployed in Rules Engine. It then validates the payload and displays all the rules deployed in the rules engine, which allows user to select one or more rules to be executed against the current API and maps the field for each rule from the request payload. |
| Private Wealth | Configurable Fee Schedule for Bilateral SBL Deals | This functionality enables the user to define his own schedule for fee calculation and charging. The fee accrual and payment is based on the schedule defined by the user. |
| Private Wealth | Central Securities Depositories Regulation | Temenos Transact is now enhanced to set different tolerances based on the settlement amount. |
| Regional Banking Solutions | Asset Classification and Provisioning | This functionality allows banks to calculate the provision amount based on the assets which are classified depending on the guarantee type during the life cycle of an asset. |
| Regional Banking Solutions | Additional Tax on FX Debit Card Transactions | This functionality allows banks to apply an additional tax (RG4815) whenever a payment from a debit card is done into a different currency than ARS. |
| Regional Banking Solutions | UVA Deposits - Simulation of Early Redemption | This functionality allows users to have an overview of the total amount that the final customer will be paid in case to decide to cancel a UVA deposit to satisfy the information need about the pre-cancellation simulation for UVA deposits. |
| Regional Banking Solutions | Tax PAIS Rate for Debit Cards based on Digital Service Providers Flag | This functionality calculates the new PAIS tax for international debit card POS transactions that require a foreign exchange from USD to ARS. |
| Regional Banking Solutions | Turnover Retention Tax and VAT on Payments to Digital Providers | This functionality allows banks to identify whether the beneficiary of a debit card purchase belongs to the list of digital service providers. |
| Regional Banking Solutions | Lending Products | This functionality allows banks to use the following lending products: personal loans, vehicle loans, mortgage loans (fixed rate), mortgage loans (variable rate) in a predefined SaaS environment. |
| Regional Banking Solutions | CDB Pre-fixed and Post-fixed | This functionality allows users to perform a partial or total withdrawal of CDB deposits as per the regulatory requirement demanded by Brazil. |
| Regional Banking Solutions | Full Withdrawal Reports | This functionality allows users to generate an XML file for the positive register of the prefixado deposits for today’s date activities. |
| Regional Banking Solutions | Performing and Initiating Credit Loss | This functionality allows banks to perform full and partial credit loss using the adjust bill activity that is part of the arrangement. |
| Regional Banking Solutions | Customer Static Data | This functionality allows financial institutions to transfer static customer and account data from Temenos Transact to CPB Sectras. |
| Regional Banking Solutions | Rectification Tool Operation | This functionality allows banks to use the rectification tool to generate rectification transactions without affecting the original transaction. |
| Regional Banking Solutions | Lending | This functionality allows users to support crediting the loan amount to customers before the same-day HIBOR or LIBOR is available, for the loans with the interest rate based on specific periodic indexes like HIBOR or LIBOR. |
| Regional Banking Solutions | SFMS Header | This functionality allows the user to capture the Indian Financial System Code (IFSC) codes of the banks and generate INFINET (Indian Financial Network) Format Number (IFN) messages whenever a transaction happens in the LC (letter of credit), BG (bank guarantee) or bills application, that warrants the exchange of messages between two banks or branches within India. |
| Regional Banking Solutions | Term Deposit | This functionality allows the statutory manager (a special type of user) to split the current balances in the deposits into available funds and frozen funds. |
| Regional Banking Solutions | Account Statements | This functionality allows banks to provide account statements that include all the relevant information for the transaction types. |
| Regional Banking Solutions | SNCE08 Initiations Additional Outgoing | This functionality allows banks to send and respond to the SNCE08 messages. Also, the system will apply charges on the incoming and outgoing messages. |
| Regional Banking Solutions | Export Documentary Credit | This functionality allows banks to link the EDC (Export Documentary Credit) settlements with the underlying TCE (Foreign Trade Title) and AVA (Business Travel Allowance) records so that the payments will be processed accordingly, irrespective of the fact that TCE or, and AVA is domiciled in the bank or not. |
| Regional Banking Solutions | Outgoing Transfers | This functionality allows banks to initiate payments towards schooling or professional file as an ad-hoc payment or as a frequency-based transfer. |
| Retail | Capturing EIR or AMC Information During Migration | The user can now capture Effective Interest Rate (EIR) or Amortized/Carry cost(AMC) associated with a loan during migration using the TAKEOVER.CASHFLOW-REPORTING Cashflow type activity class. |
| Retail | Income Recognition Using Cost-Recovery Method | The new Cost-Recovery method the system stores the repayment amounts in Recoveries During Suspend (RSP) balance type which represents the recovery or repayment amount made on the suspended loan toward interest. |
| Retail | Migration of LIBOR Contracts to Risk Free Rates (Lending and Deposits) | This feature facilitates the banks to migrate huge volume of contracts automatically from (L)IBOR to RFR using a migration tool called RFR Migration. |
The following are the key features of 202103. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Customer Data Access Logging | Temenos Transact and TPH have a structured logging mechanism of all user activities. This mechanism is configurable in a USER profile, which ensures that all activities of the user are logged for audit purposes. |
| Design Framework | Keycloak Authentication | A new authentication service called Keycloak is now available in Temenos Workbench. It provides single sign-on authentication to the application. |
| Integration Framework | Adopting DES CloudEvents Schema | This feature allows DES to deliver events as CloudEvents as well to public stream topics. |
| Regional Banking Solutions | Asset Classification and Provisioning | This functionality allows the classification of assets based on the number of payments in default or based on the duration of the debit balance of the account without any significant credit movements. |
| Regional Banking Solutions | Embargo and Liberacion APIs | The Embargo Process functionality allows the processing of different trades from COELSA, which manages all the trades received from AFIP on the defaulted customer. |
| Regional Banking Solutions | Automatic Tax Returns | This functionality allows banks to process all the return files before calling the payment orders, with the respective control validations. |
| Regional Banking Solutions | Withholding Tax | This functionality allows banks to calculate the Belgian transaction tax (TOB tax) for persons. |
| Regional Banking Solutions | Interest Subsidy Loan | This functionality allows banks to add, modify, disable or remove the interest subsidy loan related templates into Temenos Transact. |
| Regional Banking Solutions | PFNL (Prélèvement Forfaitaire Non-Libératoire) Tax | This functionality allows banks to calculate the PFNL French tax. |
| Regional Banking Solutions | EDPMS | This functionality allows banks to manage the export process and transactions. |
| Regional Banking Solutions | Issuance of Electronic Bank Realisation Certificate (eBRC) | This functionality allows banks to create electronic bank realisation certificates (eBRC). |
| Regional Banking Solutions | FIRC Conditional Advice Generation | This functionality allows banks to issue Foreign Inward Remittance Certificates (FIRC). |
| Regional Banking Solutions | Matrix Tax Server Interface | This functionality allows banks to send the Ex Event Ratio, Index Rate, Security Trust Fund and the Foreign Currency files to the Matrix Tax Server during the Close of Business (COB). |
| Regional Banking Solutions | Tax Reimbursement on Investment Income | This functionality allows banks to calculate and withhold the Luxembourg FDR (Fiscalité des Résidents) tax. |
| Regional Banking Solutions | Term Deposit | This functionality allows the statutory manager (a special type of user) to split the current balances in the deposits into available funds and frozen funds. |
| Regional Banking Solutions | Account Statements | This functionality allows banks to provide account statements that include all the relevant information for the transaction types. |
| Regional Banking Solutions | Watheeq Services | This functionality allows banks to ban or deny a customer from dealing with the bank and to lift all restrictions done against a customer and return the customer info details. |
| Regional Banking Solutions | SNCE08 Initiations Additional Outgoing | This functionality allows banks to send and respond to the SNCE08 messages. |
| Regional Banking Solutions | File Processing | This functionality allows banks to register, amend and cancel Tunisian direct debit mandates through the Tunisia Clearing House (SIBTEL). |
| Regional Banking Solutions | Foreign Currency Limit Management and AVA Issuance | This functionality enables banks to handle the foreign currency operations based on the currency guidelines set by the government and (CBT) Central Bank of Tunisia. |
| Regional Banking Solutions | Incoming Transfer | This functionality allows banks to capture the regulatory information for incoming payments in foreign currency. |
| Retail | Weighted Average Rate (WAR) for Multiple Disbursement Tranches | The WAR feature of the existing AL module ensures that the banks can apply individual loan interest rates for each disbursement initiated within a single loan contract and calculate the WAR for the arrangement that is re-calculated every time a new disbursement is performed and also whenever a rate reset happens. |
| Retail | Repayment Order | This functionality allows banks to prioritise the repayment amount to settle the tax component first. |
| Retail | Percentage Calculation for Principal-only Payments | This functionality calculates the percentage repayment amount for Principal-only payments. It is now possible to restrict the payment percentage to the defined maximum percentage in Payment Schedule conditions. |
| Retail | Multi-Currency Account Product Line (MCYAAR) | This module in AA allows the user to hold multiple currencies under a single account structure and carry out multi-currency transactions using the same account details. |
| Retail | Pre-Constructing Payment Schedule Conditions | The AA Payment Type framework is now enhanced to allow a pre-defined configuration of Payment Schedule. |
| Retail | Notice for Withdrawal of Funds | The Notice withdrawal functionality is moved inside AA framework and a Notice Withdrawal Transaction class is added to AA to make the notice processing and fee calculation easier. |
The following are the key features of 202102. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Data Enrichment in Semantic Query Layer | SQL supports enrichment rules that enriches the resultant data by applying the rules defined for APIs accessed at runtime. |
| Application Framework | Creating Policy with Enhanced Obligations | Enhanced obligations provide a greater flexibility in designing the obligations. With this feature, the policy editor can create policies with multiple filter conditions inside a single obligation group and define the grouping operator between the filter conditions/obligation groups. |
| Banking Framework | Delivery as Microservice Events | Delivery (DE) module in Transact is enhanced with the ability to emit delivery messages or events to the Event Store microservice, which then can be consumed by Infinity or other external systems by configuring a dedicated delivery interface to the delivery carrier. |
| Banking Framework | Processing of Creditor Driven Direct Debit E-mandates | Direct Debit (DD) module in Temenos Transact provides banks the feature to register and maintain DD mandates manually, through APIs or as an auto-registration process as part of DD collections processed through Temenos Payments Hub (TPH). |
| Integration Framework | Archive Staging Table | To overcome the size issue in DB, the Staging Table archival strategy is used to archive the TMN_DES_EVENT staging table based on retention days specified by you. An API is also available to perform the archival process. |
| Integration Framework | Enriching Integration Events with Temenos Subroutine or API Results |
To get a structured output, the IF.COMPLEX.TYPE table is introduced that handles complex type structure for the fields in the case of internal APIs and allows structured output. Also, it allows Integration Events enriched with values returned from a Temenos Transact subroutine (API) call.
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| Integration Framework | Endpoint Connect | Endpoint Connect is a Framework to Consume Integration Messages and call external API's from Enterprise Service Bus (ESB). |
| Interaction Framework | Custom Enquiry Drilldown Injection | This feature provides lightweight, client-side (JavaScript or jQuery) framework allowing banks to declare custom buttons for automatic injection into targeted Enquiry screens. |
| Private Wealth | Valuation and Average Price Calculation in FIFO Method | To support regulatory requirements, Temenos Transact performs the valuation and average price calculation based on FIFO method for the customer and own book portfolio. |
| Private Wealth | Determining the Place of Settlement and Defaulting in the Transaction | PSET is determined using a combination of several keys namely, clearing code, country code, product type, product sub-type, stock exchange and defaulted in transactions. This functionality helps the banks to determine the correct PSET based on several keys and default it in the transaction. |
| Private Wealth | Determining NCI for MiFID II | The National Client Identifier (NCI) parameter is introduced in Securities module to enable NCI determination. |
| Regional Banking Solutions | Exemption Framework | This functionality allows banks to manage the exceptions related to jurisdictional taxes, and this is a common functionality used across the Stamp, Turnover Collections, and Turnover Perception taxes. |
| Regional Banking Solutions | Income Tax on UVA Deposits | This functionality allows users to calculate the income tax with a discount on the maturity date. |
| Regional Banking Solutions | Stamp Tax | This functionality allows banks to configure the Stamp tax for different products and for different events. |
| Regional Banking Solutions | Turnover Perceptions | This functionality allows banks to calculate the turnover perception based on jurisdiction. |
| Regional Banking Solutions | Turnover Collections | This functionality allows banks to calculate more than one Turnover tax collection for the same tax event, based on the information coming in padrones. |
| Regional Banking Solutions | UVA Deposits | This functionality gives a new fixed term deposit with early redemption option following the mandatory application of Financial Entities that offer any other type of fixed term deposit. |
| Regional Banking Solutions | LTV Calculation | This functionality allows the banks to receive and store the foreign trade title information from the Tunisie Trade Net (TTN) interface, as well as amend and cancel the trade title. |
| Regional Banking Solutions | IDPMS | This functionality allows banks to manage the import process and transactions. |
| Regional Banking Solutions | Form 1 and 2 Extract | The functionality allows banks to report the list of foreign exchange transactions carried out by customers to the foreign exchange department in a pre-defined format given by the bank. |
| Regional Banking Solutions | Business Travel Allowance | This functionality allows users to open, amend and renew business travel allowances (AVA) files. It also allows the manual renewal, suspension and closure of the AVA records. |
| Regional Banking Solutions | Foreign Trade Title Clearance - TCE Clearance | This functionality allows banks to send reports to the Central Bank of Tunisia regarding foreign trade titles. It also allows the update of the imputation, settlement and reservations manually. |
| Regional Banking Solutions | Schooling Professional Training File | This functionality allows banks to manage the schooling professional training file (capture, amend, renew, release, close and export). |
| Retail | Suspend or Resume Accrual or Amortisation of Credit Charge | This functionality suspends or resumes the accrual or amortisation of a credit type charge for a non-performing loan. |
| Retail | Stop Suspend and Resume Charge Amortisation | This functionality stops the amortisation of the charges for both Customer and Non Customer facing charges and sets the charge to Stop Suspend. |
| Retail | Mandatory Alerts for All Delivery Customers |
The Send Alerts To All field is introduced in TEC.ITEMS that allows the user to define if the mandatory alerts must be sent to all the account holders.
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The following are the key features of 202101. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | TDL Supports NuoDB Database | ODS and SDS are enhanced to support NuoDB database along with Oracle, MS-SQL, Azure SQL and PostgreSQL, which promotes cloud agnostic database support in Temenos Delta Lake (TDL). |
| Analytics | ADS DW Process | New functionalities are introduced in the Analytics Data Store (ADS) module to make ADS more user friendly in terms of configuration and usage. |
| Banking Framework | Account Reporting Events and Services | The Account Reporting Events and Services (IZ) module is introduced in Temenos Transact, which provides a soft and flexible mechanism to enrich the content of the Cash Management (CAMT) messages. |
| Banking Framework | Processing Cross-Currency Booking Request | The Generic Accounting Interface (GAI) module has been enhanced to allow booking requests in cross-currencies, that is, currencies other than the account currency, through parameterisation. |
| Integration Framework | Enabling SSL Connectivity in IIB Adapter | This functionality provides a way to accept SSL properties as input at IIB outbound design time to make connection to secured queue and enables the SSL connectivity for both types of connectivity (JMS and MQ). |
| Platform Framework | API and Event Schema Vocabulary Validation | Temenos now provides a standard centralised vocabulary, which provides consistent naming conventions in the REST APIs developed across the products in Temenos. |
| Private Wealth | Asian and Performance Options | Asian and Performance options are now supported in Temenos Transact. |
| Private Wealth | LTV Determination based on Rating | Temenos Transact is now enhanced to determine the LTV based on the rating available for the bonds. |
| Regional Banking Solutions | Asset Classification and Provisioning | This module allows the classification of assets based on the number of payments in default or based on the duration of the debit balance of the account without any significant credit movements. |
| Regional Banking Solutions | Restrict View of Transactions | This functionality allows banks to restrict the display of past transactions and balances to a customer who is added to an account. |
| Regional Banking Solutions | Automatically Depreciate the Vehicle’s Collateral Nominal Value | This functionality allows banks to automatically depreciate the vehicle’s collateral nominal value. |
| Regional Banking Solutions | Salary Blocking | This functionality allows banks to safeguard loan payments by locking the installment amount once the salary is credited to the settlement account. |
| Regional Banking Solutions | Adjust the Interest Rate When a Loan is Changed before Maturity | This functionality allows banks to send out messages to the customer using the Temenos Transact delivery framework in a printable or readable format. |
| Regional Banking Solutions | Auto Ijara | This functionality facilitates the calculation of the Partial Early Settlement (PES) charges as per the SAMA regulation. |
| Regional Banking Solutions | Foreign Trade Title | This functionality allows the banks to receive and store the foreign trade title information from the Tunisie Trade Net (TTN) interface, as well as amend and cancel the trade title. |
| Regional Banking Solutions | Foreign Trade Title Clearance | This functionality allows banks to send reports to the Central Bank of Tunisia regarding foreign trade titles. It also allows the update of the imputation, settlement and reservations manually. |
| Regional Banking Solutions | Garnishment Handling | The functionality allows users to create garnishment orders and freeze the funds from customer accounts. |
| Retail | Residual Principal in Payment Schedule | If a Residual Amount is set for a contract, the Payment Schedule projection is changed to reflect the same along with the last installment's Total Due at the time of loan creation itself. Thus, the outstanding amount after the last installment is always zero. The details are also seen in the Schedule Details enquiry. |
| Treasury | Trade Dated Accounting for FX Spots | The Foreign Exchange (FX) module is enhanced to facilitate Trade Dated General Ledger (TDGL) accounting for FX spot contracts. |
The following are the key features of 202012. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Spark Optimisation, Metrics Collection and Operational Monitoring | The Spark optimization feature in TDH allows users to perform data loading even with minimal infrastructure and upgrade on provisioning of additional resources. |
| Analytics | Extend Livy Integration | This feature allows automatic deployment of Designer and Scheduler jobs using the Livy server. |
| Analytics | TDH Packaging | TDH packaging aims to maintain artefacts in one place, which are common across environments, and to deliver the list of applications applicable for Model Bank and Analytics models. |
| Analytics | Extension of ODS API Landscape | Semantic Query Layer allows you to access the Temenos Transact data from ODS in data lake solution, which will separate the read from the Transact system. |
| Banking Framework | External Collateral Assets | Temenos Transact has been enhanced to allow users to configure external assets as collaterals, to be processed by the Collateral module. |
| Banking Framework | Other Internal Collateral Assets – Immovable Property and Mortgage | Users can now configure immovable property and mortgage as internal assets for processing through the Collateral module. |
| Corporate | Capturing Multiple Applicant / Multiple Instructing Party / Beneficiary under the Same Contract | This module now supports Multiple Applicants and Instructing Parties under a guarantee contract. |
| Corporate | Calculation and Collection of Commission Values when Commission Period is Set | This module now supports the collection of commission amount either fully in advance or in periodic intervals either as fixed amount per period or percentage of outstanding amount, when Commission Period is defined. |
| Platform Framework | Adapter Microservice | To keep business microservice independently scalable, Adapter Microservice has been introduced. |
| Private Wealth | MiFID Transaction Reporting | Temenos Transact is enabled to report all the transactions to oblige the MiFID II - Markets in Financial Instruments Regulation (MiFIR) regulation. |
| Regional Banking Solutions | Standing Orders | This functionality allows banks to create a standing order using the Hijri date. They can also stop or disable a standing order (STO) for the customers whose legal IDs have expired. |
| Regional Banking Solutions | F1 or F2 Authorization Request | This functionality allows banks to store the details of the F1 or F2 sheet, which has to be sent to the Central Bank for authorisation to proceed with the prohibited transactions. |
| Regional Banking Solutions | Account Number Validation | This functionality allows banks to validate the pay-in or pay-out account number during the arrangement creation based on the PNZ (Payments New Zealand) format. |
| Regional Banking Solutions | Dormant Accounts | This functionality allows banks to apply posting restrictions on accounts when the accounts are in dormancy status. |
| Regional Banking Solutions | Information Sheet | This functionality enables banks to create the information sheets for making any payments in foreign currency and report to the Central Bank of Tunisia for the services opted by the customers. |
| Regional Banking Solutions | Salary Blocking | This functionality allows banks to safeguard loan payments by locking the instalment amount once the salary is credited to the settlement account. |
| Regional Banking Solutions | Handling Loan Reversal | This functionality allows banks to report the files already reported and reversed to Saudi Credit Bureau (SIMAH) with the status set as cancelled. |
| Regional Banking Solutions | Structured Financial Messaging System | This functionality allows the user to capture the IFSC codes of the banks and generate INFINET Format Number messages whenever a transaction happens in the LC , BG or Bills application, that warrants the exchange of messages between two banks or branches within India. |
| Regional Banking Solutions | Perception VAT | This functionality allows banks to apply two different default base tax rates for Perception VAT for taxpayers flagged in the AFIP Contributor file as responsables inscriptos, depending on the tax event. |
| Regional Banking Solutions | Pre-closure Fees During Cooling Period | This functionality allows banks to set up the cooling period during which the pre-closure fees are not applied, to the customer. |
| Regional Banking Solutions | SNCE08 Improvements | This functionality allows banks to process the SNCE08 message for SEPA Credit Transfer outward and inward requests, and for SEPA Direct Debit outward and inward requests for the transaction types 10 and 14. |
| Regional Banking Solutions | Embargo Process | This functionality allows the processing of different trades from COELSA, which manages all the trades received from AFIP on the defaulted customer. |
| Regional Banking Solutions | Adjust the Interest Rate When a Loan is Changed before Maturity | This functionality allows banks to offer a dynamic Fixed Rate Agreement which can be for 3 years, 5 years, 7 years, or 10 years. |
| Retail | Advanced Settlement of Bills – Upfront Profit Arrangements | When the customer makes an advance repayment for one or more upcoming bills, the system can be configured to book the income to the PL immediately or over the advance payment period (known as the respite period). |
| Retail | Defining Recycler Priority for Bill-Type wise Settlement | When there is more than one bill pending for settlement against a settlement account, it is possible to sort them based on the aging status, bill date or the bill amount. It is now possible to prioritize bills pending for settlement based on the bill type as well. |
| Treasury | Utilisation of FX Contracts | The FX module is enhanced to capture FX deals without settlement instructions for Transaction Processing Application (TPA) to utilise these FX contracts, support automatic utilisation of FX contracts by other TPAs in Temenos Transact and update FX contract balance on real-time basis. |
The following are the key features of 202011. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Grouping and Versioning | This functionality allows the user to create multiple endpoints under one API based on business logical grouping. Standard versioning logic is followed to maintain API Framework standards. |
| Analytics | DW Integration in TDL | Temenos Data Lake (TDL) interfaces with Data Event Streaming (DES) system, to stream the data from Transact to TDL Data Stores (Operational Data Store (ODS) and Snapshot Data Store (SDS)). This methodology is applicable from Transact version R16 and above. |
| Analytics | Livy Integration in TDE | Livy Integration is a new feature in TDE, which provides a centralised option to submit and monitor the spark jobs, and control the spark session and context instance. |
| Analytics | TDH Code Optimisation | As part of TDH, Code optimisation has been done to improve the performance of data processing from Temenos Data Lake (TDL) landing to Operational Data Store (ODS) and Snapshot Data Store (SDS) database. |
| Analytics | ADS APIs through GraphQL | As part of Analytics Data Store (ADS) model, Semantic Query Layer will have a framework and exposes the GraphQL end point to accept the GraphQL query as an input and process it to access the data from ADS. |
| Application Framework | Master Data Access Layer | In Temenos Transact, a new framework called Master Data Access Layer (MDAL) has been added to access the data required for a Transact application from an external system (like micro-services) using REST API. |
| Banking Framework | Creating Beneficiaries for Customers on Standalone and Integrated Platforms | The BENEFICIARY application now allows users to create and use beneficiaries for customers who are defined either on a standalone platform (for example, Temenos Payments Hub) or on an integrated platform. |
| Interaction Framework | Custom Version Button Injection Framework | This feature provides lightweight, client-side (JavaScript or jQuery) framework allowing banks to declare custom buttons for automatic injection into targeted Version screens. |
| Platform Framework | Multiple Package Deployment | This feature provides a deployment mechanism that can be automated and covers complex scenarios with circular dependencies between packages. The feature also provides a retry option, if the deployment fails for any reason. |
| Private Wealth | Handling Brokerage Only Transactions | Temenos Transact now handles brokerage only transactions, where the banks acts an intermediate broker for the customer whose custody is held external. |
| Regional Banking Solutions | GMF Tax | This functionality allows bank users to apply the GMF (tax on financial transactions) tax to debit transactions on savings accounts and deposits based on certain conditions. |
| Regional Banking Solutions | Customer Invoicing and Credit Note | This functionality allows banks to generate customer invoices with the interest due, the repayment details, and also credit notes in an XML format. |
| Regional Banking Solutions | Sectras Taxation | This Sectras Tax Interface module integrates the Temenos Transact system with the Sectras taxation system for German taxation. The module supports taxation of all cash related income on liability account products like current accounts and time deposits. |
| Regional Banking Solutions | Free of Charge Notification Letter | This functionality allows banks to provide different Automated Teller Machine (ATM) free transaction package discounts to their customers and handles the statutory free transaction for the bank’s account. |
| Regional Banking Solutions | Import and Export Data Processing and Monitoring System | This functionality allows banks to manage the import process and transactions. The system allows the issuance of a bill of entry (BOE), the BOE acknowledgement letter, and if needed, the extension of the BOE, settlement, and closure. The functionality also allows the user to upload an outward remittance message (ORM). |
| Regional Banking Solutions | Issuance of Electronic Bank Realisation Certificate | This functionality allows both the automatic and manual trigger in the system for the generation of electronic bank realisation certificates (eBRC). |
| Regional Banking Solutions | eMandate Incassomachtigen (Issuing) | This functionality enables the bank to use the Currence eMandate service, for issuing and amending eMandates, based on the request from the debtor (bank customer) from the merchant environment. |
| Regional Banking Solutions | Overheidsvordering (Government Order) | This functionality allows banks to handle the incoming SEPA (Single Euro Payments Area) Direct Debit related to government orders with the validations and the checks specific to the government orders. |
| Regional Banking Solutions | Business Travel Allowance | This functionality allows users to open, amend, and renew business travel allowances (AVA) files. |
| Regional Banking Solutions | Foreign Currency Limit Management and Sub Delegation | This functionality enables banks to handle the foreign currency operations based on the currency guidelines set by the government and (CBT) Central Bank of Tunisia. |
| Regional Banking Solutions | Check 21 Inward Clearing | This functionality allows users to process incoming check clearing and returns files. Any exceptions in processing the incoming clearing will generate an exception file to be sent to Fed. |
| Regional Banking Solutions | Corrections after IRS Filing | The IRS component that is part of the Regulations module is enhanced to allow bank users to send corrected returns to the IRS. This functionality will allow the bank to send step-1 corrected and step-2 corrected returns to IRS. |
| Regional Banking Solutions | FIRE File Reformat | This functionality allows the system to use the IRS FIRE system, that it is the electronic network used to accept and process most types of filing forms. The data is updated in the IRS FIRE format for all the supported tax forms. |
| Regional Banking Solutions | IRS 5498 Reporting | This functionality provides consolidation of reportable amounts and information needed for IRS form 1099-R and 5498. Users can generate the FIRE file for form 1099-R and 5498. |
| Retail | Migration of Overdrawn Accounts | To allow continuing overdraft ageing from the legacy system post migration, the Limit Property Class is enhanced with new attributes to capture the first overdraft date from the legacy system during the takeover. |
The following are the key features of 202010. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Integration of DW with TDE | DW data extraction mechanism is extended to support Temenos Data Engineering (TDE) system, where Temenos Transact data is streamed through the streaming platforms (Kafka, kinesis and event hub) to the target system, in addition to CSV extraction and real-time database update. |
| Analytics | Retry and Recovery Feature in Temenos Data Lake | The Retry and Recovery feature is now introduced in TDE, which writes the failed records, that is, the records that failed to reach the target (Operational Data Store (ODS) or Snapshot Data Store (SDS)) database, to exception topic (configured in the Data Event Streaming (DES) connection properties) after retrying for specific number of times in specific intervals. |
| Banking Framework | Creating Company through an Online Service | Temenos Transact now allows the creation of a company through an online service. |
| Corporate | Open Account Trading in Trade Finance | The Trade Finance module in Temenos Transact supports two payment methods in international trade namely the documentary letter of credit and documentary collection. This module is now extended to support the Open Account Trade payment method. |
| Corporate | Trade Evidence for Advanced Payment | The Trade Finance module is enhanced to register the trade evidence or documents against the advance payment that is already initiated in the payment platform or module. |
| Integration Framework | Encryption of Credentials in IIB Outbound Adapter | This feature provides a list of cryptographic algorithms using which users can encrypt the plain text password and then use this encrypted password in Integration Framework (IF) products. |
| Integration Framework | Data Quality Feedback Mechanism | This Mechanism is introduced in Temenos Transact, which provides features to consume, convert and store the error records in Temenos Transact. |
| Platform Framework | Wildcard and Content Assist Support | The Data Packager feature now supports wildcards and content assist when adding a record to a package through web interface or IDE import menu. The wildcard (*) can either be used separately or combined with characters as required, to import records in bulk mode. |
| Platform Framework | Scheduler | Scheduler is a framework feature that comes bundled with Temenos Micro Services Framework (MSF). It enables the underlying microservice applications to schedule the business processes for execution at regular intervals using CRON expressions. It also provides support for monitoring of scheduler instances. |
| Platform Framework | Packaging Data Structures | In Data Packager, the data structure feature has been enhanced such that users can now load maximum possible dependencies for a given model. Also, the users can filter and load only L3 records into the package. |
| Platform Framework | NuoDB Support | NuoDB which is part of Microservices Framework is an elastic SQL database for hybrid cloud applications that scales-out on-demand and ensures continuous availability of services. It provides standard database interfaces, operations, and guarantees consistency and durability. |
| Platform Framework | Entitlements | Entitlements are sets of privileges configured for users which define the type of operations an application user can perform on the resources. |
| Private Wealth | Bulk Transfers | Temenos Transact can now process Bulk Custodian Transfer. Also, Bulk Securities Transfer and Bulk Custodian Transfer support bulk authorisation. |
| Regional Banking Solutions | Credit Operations | This functionality allows financial institutions to collect the Imposto sobre Operações Financeiras (IOF) tax when issuing a loan for a customer. |
| Regional Banking Solutions | iDIN Issuing | This functionality enables banks to offer the iDIN service to customers. This service allows a customer to use the bank’s login methods for online shopping and login to insurance companies or public institutions. |
| Regional Banking Solutions | Bank Guarantee Validations and Restrictions | This functionality allows users to define the guarantee beneficiaries and validate the specific records. |
| Regional Banking Solutions | iDEAL Payments | This functionality allows banks to offer their customers the possibility to make payments from their current account using the iDEAL online payment method. |
| Regional Banking Solutions | Automatic Processing of Recall Message | This functionality allows banks to handle the outgoing and incoming camt.056 request and perform certain validations and enrichments. |
| Regional Banking Solutions | Subsidy Invoicing and Credit Note | This functionality allows banks to generate invoices in the Finvoice format for the subsidy interest that is due from a subsidy provider on the same due date. |
| Regional Banking Solutions | Account Statement, Chequebook or Passbook | This functionality allows banks to check the customer’s eligibility for issuing chequebooks and generate account statements in the AFB120 format. |
| Regional Banking Solutions | Garnishment Handling | This functionality allows users to create garnishment orders and freeze the funds from customer accounts. |
| Regional Banking Solutions | Mapping of AFIP Padron for VAT, Income and Turnover Tax | This functionality allows banks to upload the padron files, store them in the Padron Microservice Database, and send it to Temenos Transact. |
| Regional Banking Solutions | Contract Conditions Framework | This functionality allows the SBL framework to hold certain details, such as the minimum or maximum borrowing or lending amount or percentage. |
| Regional Banking Solutions | Matrix Tax Engine Interface | This functionality allows banks to send the Ex Event Ratio, Index Rate, Security Trust Fund, and the Foreign Currency files to the Matrix Tax Server during the Close of Business (COB). |
| Regional Banking Solutions | Non-Payments | This functionality allows banks to configure the nature of a declaration and a notification, to capture additional information required by a bank, during the on-boarding process of a customer or the creation of an account, and to format and generate Alyssa Centralization of Payments (CIP) files. |
| Regional Banking Solutions | SIMAH File Naming Convention | This functionality allows banks to report the Performing/Regular file by product wise and also report the monthly update file which contains all the active contracts. |
| Regional Banking Solutions | Calculating Split Tax | This functionality also allows banks to calculate the split tax using the FUNDS.TRANSFER and MM.MONEY.MARKET applications. |
| Regional Banking Solutions | Stapled Securities Post Settlement Processing | This functionality allows users to enter the WHT components after the settlement process of entitlements is complete and also allows for the updated WHT component values to be extracted in the Income API extract of the stapled securities. |
| Regional Banking Solutions | Loan Rolled Over | This functionality allows users to repay past-due loans and then roll over those loans as well from the date of repayment. |
| Retail | Risk Free Rates | The Lending and Deposits modules in Temenos Transact now support Risk Free Rates (RFRs) processing. The Interest Property Class in AA is enhanced with new attributes to accept appropriate market conventions and compounding methodology and options for margin treatment to support RFRs. |
| Treasury | EMIR Regulatory Requirement | The OTC derivatives operational workflow of Temenos Transact is enhanced to support the regulatory and clearing requirements of EMIR. |
| Treasury | MiFID II Transaction Reporting | The OTC derivatives operational workflow in Temenos Transact is enhanced to support the transaction reporting requirements of MiFID II. |
The following are the key features of 202009. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Analytics Data Store (ADS) | ADS allows the user to capture and write data from Snapshot Data Store (SDS) to ADS target DB. |
| Analytics | Operational Data Store APIs through Semantic Query Layer | Semantic Query Layer is used to access the Temenos Transact data from Operational Data Store in data lake solution. Extended additional APIs are added in Reference, Holdings, System and Party domains. |
| Application Framework | Scalability in COB | This feature introduces a scalability mechanism where an external orchestrator such as Kubernetes identifies the workload based on various attributes and issues new containers using scale metric from Temenos Transact. |
| Application Framework | Elastic Scaling of Agents | This feature allows users to capture elastic fields in workload profile for dynamic agent allocation for non-cloud implementation. It is fully compatible with Multi-Server configuration and supports distinct configuration for the multi-servers independent of each other. |
| Banking Framework | Updating Limit Exposure through LIMIT.UPDATE.SERVICE |
The exposure against a Limit can be updated in near real time using the LIMIT.UPDATE.SERVICE. To enable this functionality, the Delay Txn Update field is added to the LIMIT.PARAMETER application.
|
| Integration Framework | Posting Restful HTTP API Messages to Inflow | Users can now send inflow requests using a Restful HTTP API (http://<host:port>/inflow/api/v1/process). |
| Interaction Framework | Default XACML Authorisation | This feature allows users to control the authorisation for every API and restricts anonymous user requests. |
| Regional Banking Solutions | Income Tax of UVA Deposits | This functionality allows users to calculate the income tax for customers that have UVA (Purchasing Value Unit) fixed-term deposits. |
| Regional Banking Solutions | Stamp Tax Calculation | This functionality allows the user to calculate the stamp tax for non-instrumented loans considering the tax calculation base given by the customer’s jurisdiction. |
| Regional Banking Solutions | CGT API Reconciliation and Recoverability | This functionality allows users to generate three capital gain reports for unrealized gain or loss, realized gain or loss and parcel history or tax lots history. |
| Regional Banking Solutions | Treasury Management (Auctions) | This module helps Central Banks to run the auction process, capture bid information, keep track of expected amounts, capture the cut-off price and select the successful bidder for treasury bills or bonds. |
| Regional Banking Solutions | Accounting by Status | This functionality allows the user to configure the EB.LOOKUP application to define the Abandoned status in the Dormancy product condition for the saving account. |
| Regional Banking Solutions | Account Statements Including Generic and Regulatory Notifications | This functionality allows banks to capture additional notifications to be sent to the customer as part of the account statement. |
| Regional Banking Solutions | Finnish Reference Number | This functionality allows the user to validate the received or captured creditor reference number. |
| Regional Banking Solutions | IBAN Validation | This functionality allows banks to validate the International Bank Account Number (IBAN) when payment orders are initiated manually or from the Pain.001 or MT 101 files. |
| Regional Banking Solutions | Tax Deduction (TDS) on Deposits | This functionality allows banks to outline the exact eligibility criteria and applicable scenarios for calculating the interest and tax deduction (TDS) for fixed deposits. |
| Regional Banking Solutions | Minimum Tenor and Working Capital | This functionality allows banks to have a minimum tenor check on the loans for large borrowers as per the regulatory guidelines. |
| Regional Banking Solutions | Non-Performing Asset (NPA) Validations and Calculations | The functionality allows banks to classify, monitor and manage the lifecycle of the accounts and non-performing assets as per the Reserve Bank of India’s (RBI) regulations. |
| Regional Banking Solutions | Goods and Services Tax | This functionality allows the user to apply the GST tax for transactions involving currency conversions using the PAYMENT.ORDER application. |
| Regional Banking Solutions | Contract Conditions Framework | The functionality allows banks to comply with the Stock Borrowing and Lending (SBL) agreement for borrowing stocks and lending transactions. |
| Regional Banking Solutions | Customer ID Check | This functionality allows banks to query the Yakeen system to verify customer information as part of the customer onboarding process. |
| Regional Banking Solutions | IFRS9 Impairment | This module allows banks to classify the credit facilities, including loans and overdrafts, non-fund based facilities. |
| Regional Banking Solutions | Customer and Customer Relationship Management | This functionality allows the validation of the legal documents that need to be submitted by the customer when creating a customer record. |
| Regional Banking Solutions | Alogent - RDC - Mobile Capture | This functionality provides an interfacing capability from Transact to Infinity (Temenos’s mobile banking app) to process outward check transactions deposited via Alogent’s mobile capture solution. |
| Retail | Flexible Repayment | The flexible repayment is enhanced with the additional key features to overcome limitations and keep the defaulters in check. |
| Retail | Enquiry for AA Specific Accounting Entries |
The TXN.ENTRY.MB enquiry is now enhanced to display the entries based on Arrangement ID and Activity ID. The enquiry is also made accessible through context sensitive enquiries (using More Actions tab) of AA.ARRANGEMENT.ACTIVITY.
|
| Retail | Ageing Deferment of Installment Falling on a Non-Working Day | The Pre Grace attribute is introduced in the Overdue Property Class, which enables the user to configure the system to defer the first overdue processing till the end of the immediate working day when an installment falls on a holiday. |
| Retail | Recalculating Term for Forward Dated Payment Conditions | The system now supports recalculation of the term, on loans that have payment conditions effective from a forward date which was earlier restricted by means of an error. |
| Treasury | LIBOR Replacement in Money Market |
The MONEY.MARKET application that captures and processes (L)IBOR-linked transactions is enhanced to calculate the interest rate in arrears, based on the RFR and interest rate spread.
|
The following are the key features of 202008. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Analytics | Unique Data extraction | The application is now enhanced to support DW incremental extraction, where the DW.INCR.PRE.PROCESS.SERVICE writes only the unique record IDs to DW.EXPORT.WRK.FILE eliminating the duplicates. |
| Analytics | ODS and SDS Support PostgreSQL | ODS and SDS support PostgreSQL database, in addition to the existing databases. |
| Analytics | Operational Data Store – APIs through Semantic Query Layer | Additional APIs are now introduced into ODS to access different forms of data in Data Lake solution through Semantic Query Layer, which separates the read from the Temenos Transact system. |
| Analytics | Data Store Deployment in TDE | Data Store Deployment is a new feature added to TDE to automatically deploy Temenos Transact applications in DES, ODS and SDS, instead of deploying every application manually. |
| Banking Framework | Collateral Allocation | The Contract Seq Rtn field is added to the COLLATERAL.PARAMETER application to allow the users to attach a contract sequence routine. |
| Integration Framework | Swift Interface | This feature provides users with a standard L1 interface (generic SWIFT Alliance Interface) to process any SWIFT message. |
| Interaction Framework | Health Check Service in IRIS R18 | Users can now fetch queue health, current Hostname, and Temenos Transact health using this service. |
| Platform Framework | Code Packager | In DSF Packager, users can now compile and package jBC and Java codes along with Data records. |
| Platform Framework | Multipart Data Support | The API end points of Microservice Framework now supports to upload and download the files through multipart content type. |
| Platform Framework | PAP UI Integration | Based on the entity and API json files available under the model project, it is now possible to generate the metadata. |
| Private Wealth | Handling Market Notification for Corporate Action Events | Temenos Transact is now enhanced to handle early market notification of a corporate action event from a non-custodian and notify all the entitled customers, who are eligible to receive pre-notifications. |
| Private Wealth | Handling Order Cancellation Request | Temenos Transact is enhanced to accept the cancellation request through SETR.005 and SETR.011 for previously sent redemption (SETR.004) or subscription order (SETR.010). |
| Regional Banking Solutions | ITELLA Scanned Payments | This functionality generates the account statement on a defined frequency for each account using the ITELLA postal services, as per the information requested by ITELLA. |
| Regional Banking Solutions | KELA Interface | This functionality allows users to send details to KELA whenever there is a new student loan request in the bank or a change in the loan details during the loan transfer. |
| Regional Banking Solutions | Queuing of Payments and Warrants - UOD | This functionality allows users to queue unauthorized overdrafts. |
| Regional Banking Solutions | Queuing of Payments and Warrants - Settlement | This functionality allows bank users to manage settlements for warrants and loans. |
| Regional Banking Solutions | VAT Processing | This functionality allows users to manage the charges collected for banking transactions, accrued incomes, loans, deposits, payments due to interests and letter of credits. |
| Regional Banking Solutions | Configure the Date for the Periodic Interest Rate | This functionality allows users to set the periodic interest rate for the current date for loan contracts for individual customers, using the NORPIR.PARAMETER application. |
| Regional Banking Solutions | Foreign Currency Advances | This functionality allows users to generate the necessary reports with a specified frequency for each customer category so that, every month, the bank can monitor and review the unhedged portion of the foreign currency exposures of their customers. |
| Regional Banking Solutions | Penal Interest | The functionality allows the user to configure and capture the classification of a loan under the priority sector category, to prevent charging penal interest for the principal amount up to 25000 rupees. |
| Regional Banking Solutions | Term or Maturity Date | This functionality allows users to calculate the repayment maturity date of student loans based on whether KELA (Social Insurance Institution of Finland) sends the interest capitalisation confirmation for a loan or not. |
| Regional Banking Solutions | Configure the First and Last Disbursement | This functionality allows the user to define the minimum first disbursement percentage and the maximum allowed number of disbursements. |
| Regional Banking Solutions | Customer and Customer Relationship Management (CRM) | This functionality allows the validation of the legal documents that need to be submitted by the customer when creating a customer record. |
| Regional Banking Solutions | Non-Performing Loan Parameters | This functionality enables users to classify credit facilities like overdraft and loans as non-performing, based on specific conditions. |
| Regional Banking Solutions | Collateral Management | This functionality allows users to create different classes of collaterals with rules defined for each class. |
| Regional Banking Solutions | Booking Branch Information Printed on Account Statements | This functionality allows users to generate and print account statements that contains the branch details, using the BNK/IN.PRINT.STATEMENT service. |
| Regional Banking Solutions | SNCE03 Regulatory Requirement for Account Verification | This functionality allows banks to send and receive account customer validation messages to or from participating banks across Spain through the Iberpay communication services on a 24x7 schedule. |
| Regional Banking Solutions | Remittance Regulatory Returns to RBI and FIRC | This functionality allows users to mark the already issued FIRC series ID as cancelled using the INPYMT.FIRX.SERIES application, so that the next available FIRC series will be assigned to this payment transaction. |
| Regional Banking Solutions | Loan Rolled Over | This functionality allows banks to track and restrict rollovers for customer loan contracts created under the short-term loan product. |
| Regional Banking Solutions | Queuing of Payments and Warrants - Cashpool | This functionality allows the user to handle cashpool accounts for collection. |
| Regional Banking Solutions | Queuing of Payments and Warrants - CLC | The functionality addresses the tasks performed by the Customer Level Collection (CLC) service. |
| Regional Banking Solutions | Embargo | This functionality allows users to process the Phase A, B, C and un-blocker files received from the tax authorities: AEAT (Agencia Estatal de Administración Tributaria) for the rest of Spain, Navarra and Guipuzkoa for territories. |
| Retail | Generating IBAN |
Bundles are now enhanced to generate an IBAN by attaching a customised routine in Alt Acct Gen Api field in ALT.ACCT.PARAMETER table.
|
| Retail | Monitoring Multi-Currency Collections |
Various attributes are introduced in the CL.PARAMETER, CL.COLLECTION.ITEM and CL.ACTIVITY tables to support multi-currency collections.
|
| Retail | Repayment Calculator | Customers availing a loan (like Fixed Mortgage) can now know the loan repayment details using the Repayment Calculator without contacting the bank. |
| Treasury | LIBOR Replacement in Swaps | The SWAP application that captures and processes (L)IBOR-linked transactions is enhanced to calculate the interest rate in arrears, based on the RFR and interest rate spread. |
The following are the key features of 202007. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Internal Funding Position (IFP) Memo Balance | Temenos Transact has been enhanced to support two or more balance types during the Cover Control process. |
| Banking Framework | Corporate Lending Club Loans: Facility Limits | The LIMIT.REFERENCE application in Temenos Transact has been enhanced with a new limit type (Standalone) and the Suppress Accounting and Third Party Exposure fields to support Facility Limits for Club Loans. |
| Banking Framework | Multi-GAAP Provisioning | The Provisioning (PV) module in Temenos Transact is enhanced to define different risk profiles, provision rates and accounting details to support multiple GAAP for the same contract. |
| Corporate | Sweeping Suspension and Considering Locked Amount with Multiple Value Dates | This feature is now enhanced to help the users to suspend the sweep only for debit or credit by setting the Susp Sign field to ‘Cr’ or ‘Dr. If the account is blocked for debit transactions, then the sweeping is allowed for credit transactions and vice-versa. |
| Data Framework | TDL Support in Azure Cloud Platform | Azure Event Hub, Azure Data Lake Storage, Azure SQL, and Kubernetes (K8s) features have been added in Temenos Data Engineering (TDE) product to support cloud native service. |
| Integration Framework | Handling Avro Data Types based on Temenos Transact Data Types | The strict data type method converts all the Avro field data types to specific Temenos Transact field data types. |
| Regional Banking Solutions | Customer Monthly FX Limit | If the customer is not blacklisted, Temenos Transact calls the Operation API to validate the eligibility of the customer to perform foreign exchange (FX) transactions. If the API response returns true, then the user will be able to authorise the payment. If the API response returns false, then the user won’t be able to authorise the payment. |
| Regional Banking Solutions | Financial Transaction Levy Fee | This functionality allows users to calculate the levy on financial transactions, which is paid by the bank to the tax authority. |
| Regional Banking Solutions | Goods and Services Tax | This functionality allows the user to identify which taxes can be applied from the following taxes available: CGST and SGST, or IGST. The system will automatically calculate these taxes using new routines. |
| Regional Banking Solutions | Embargo | This functionality allows the users to unblock the files received from the tax authorities: AEAT (Agencia Estatal de Administración), Navarra, and Guipuzkoa territories. |
| Regional Banking Solutions | AJD Notary and Other Fees | As part of the AJD Notary and Other Fees functionality, a new product configuration is released for the vendor product (notary) to capture the additional fees, which are paid by the bank to notary. |
| Regional Banking Solutions | Cancellation File to AEAT | This functionality includes validation of the tax model codes, generation of the outward files to AEAT based on the AEAT calendar, cancellation of tax payments based on the customer request, processing bulk tax payment transactions and recycling of transactions for tax payments. |
| Regional Banking Solutions | SIX Transaction Reporting | The SIX Transaction Reporting functionality has been enhanced to comply with regulatory requirements. This functionality supports the upload of the ISIN’s (International Securities Identification Number) file received from the SIX server and the eligibility of a report transaction. |
| Platform Framework | Temenos Workbench | Temenos workbench is a web-based interface that allows users to configure Temenos products. It replaces Design Studio with a web based interface that include web based configuration tooling and packaging capability |
| Retail | Projecting Progressive Payment for Future Disbursements | The payment amount for future scheduled disbursements can now be calculated progressively and projected to the customer on the arrangement date. |
| Retail | Multiple Disbursements for Upfront Profit Flat Rate Contracts | Upfront profit contracts with a flat rate of profit calculation can have multiple disbursements and the profit amount is calculated for the financed period. In upfront profit contracts with a flat rate of profit calculation, a custom routine can now be attached to the Interest condition to define the conditions for recalculation of the profit amount in the contract. |
| Retail | Manually Ageing an Arrangement | Classifying the asset to the worst status based on the customer repayment behavior in other arrangements or any contracts, is facilitated now through manually ageing an arrangement. |
| Retail | Calculating Memo Interest using Routines | Banks can now have memo type of interest calculation on the non-contingent balances of the account in specific scenarios. |
| Retail | Capitalisation of Interest Accruals | The interest accruals during initial grace period for a loan repayment can now be capitalised to the principal amount. |
The following are the key features of 202006. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Scheduler to manage services during COB | This feature allows bank to manage the start or stop for services during Close of Business (COB) and manage the number of agents. This does not require the bank to add that job(s) into the respective COB batch records. |
| Application Framework | IRIS R18 APIs for Service Automation | This functionality allows the third party systems to work with the service related activities such as number of jobs completed, total number of jobs and the percentage of completion. |
| Integration Framework | Low Latency | This feature provides end-to-end configuration for data event table generation, data processing, event transformation and assembling the event using appropriate assembly definitions with optimised schemas. |
| Interaction Framework | Multiple Authentication in Generate on Demand Mode | UXP browser is now enhanced to support multiple authentication by providing an alternate URL. |
| Regional Banking Solutions | Customer Account and Transactional Data for Regulatory Reporting | As per the regulatory requirements in Italy, banks can now report, to the Italian Internal Revenue Agency, the details of opening, closing balances, the sum of debit or credit transactions and the average credit transactions on a yearly basis. |
| Regional Banking Solutions | Due Date Offset | This functionality allows the users to set the first repayment due date for new loans and modify the due date for existing loan arrangements. |
| Regional Banking Solutions | Legal Fee Cap | The Legal Fee Cap functionality calculates the charge amount and overrides the final charge amount per day based on the cap fee rule, for each fee available in a particular loan account. |
| Regional Banking Solutions | Collateral Management | Temenos Transact is enabled to maintain the different types of collateral with different data fields and rules defined for each collateral type. |
| Regional Banking Solutions | Non-Performing Loan Parameters and Consumer Lending | This functionality handles the classification of credit facilities like overdraft and loans as non-performing, based on specific conditions. |
| Regional Banking Solutions | Open Banking Payment Initiation | UK Open Banking entails banks and financial institutions to facilitate payments initiated by users using third-party provider (TPP) software applications through the Open Banking Interface APIs provided by banks. |
| Regional Banking Solutions | Corporate Customer Account Types Configuration and Validation | This functionality allows banks to configure the different types of corporate accounts that can be opened, their eligibility, validations and the transfer and closure processes. |
| Regional Banking Solutions | Nomination Registration for Accounts and Deposits | This functionality enables the nominee to receive the outstanding balance in the account as a trustee of legal affairs, in the event of the death of the depositor. |
| Regional Banking Solutions | Parameters on Restructure of Facilities | This functionality allows banks to track the number of times a facility has undergone restructure or reschedule and impose a monitoring period for a restructured or rescheduled facility. |
| Regional Banking Solutions | Adaption of Currency and Handling Specimen Currency | This functionality allows Central Banks to run inter-branch transfers and manage specimen and commemorative currencies. |
| Regional Banking Solutions | Account Product Creation | This functionality allows users to create current and savings accounts with specific characteristics. All the products configured will be proofed and published before using them to create accounts based on those products. |
| Regional Banking Solutions | Deposit Product Creation | This functionality allows users to define different deposits products offered in Mexico. |
| Regional Banking Solutions | Credit Product Creation | This functionality allows users to create lending products with specific characteristics. |
| Regional Banking Solutions | Watheeq Services | This functionality allows the bank to integrate with the Watheeq Edge system. The Watheeq Edge system supports the integration of financial institutions with various statutory organisations of Saudi Arabia. |
| Regional Banking Solutions | Customer Documentation ID Expiry | This functionality allows the user to create alerts for the legal ID expiring dates of Saudi nationals, non-Saudi nationals or expats, special cases, minors and veiled women using the EB.ALERT.REQUEST application. |
| Regional Banking Solutions | Account Freezing and Unclaimed Accounts | This functionality allows the user to apply posting restrictions at the customer or account level. If the account dormancy status is abandoned, then, the system locates the arrangement from the concat file and removes the unclaimed or dormant posting restriction. |
| Regional Banking Solutions | HAL Guarantee | The CMBASE.HAL.CALCULATOR new local application is created, to enable the bank user to input the values related to the loan to derive the HAL guarantee values based on the calculation routine. |
| Regional Banking Solutions | Cheques and SNCE Clearing | This functionality manages the processing of the interbank fees defined for SNCE03, SNCE04, SNCE05, SNCE07 and SNCE08. |
| Regional Banking Solutions | Embargo Process | The Embargo Process functionality allows the processing of different trades from COELSA (Electronic Clearing House), which manages all the trades received from AFIP (the tax revenue agency of Argentina) on the defaulted customer. |
| Regional Banking Solutions | GL Average Balances | This functionality allows banks to calculate and generate GL Average Balances for select GL lines, including generating reports on a monthly or quarterly basis. |
| Retail | Automatic Disbursement of Top up Loans | This functionality allows the disbursement of both the new arrangement and the Increased loan amount automatically with no dependency on Payment Schedule conditions. |
| Retail | Configuring Non Customer Facing/Internal Charges (NCFC) | Arrangement Architecture (AA) supports calculation, application, and amortisation of customer facing charges and the same is now extended to non-customer facing charges. |
| Retail | Splitting Negative and Positive Interest Rates | System now supports separate positive and negative interest capitalisation entries along with separate transaction descriptions for capitalised positive and negative interests on the customer account. |
| Retail | Generating a Payment Order for Partial Withdrawal of Deposits | This feature enables a consistent approach to match the full deposit redemption flow and a better cash management ability to make external payments. |
The following are the key features of 202005. For a complete list of the new features, refer What's New PDF.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Retry Processing for Settlement Account Updates | This enhancement allows the Recycler process to consider the settlement account updates (done at the level of AA Settlement Property) for new and old retry requests, which are still in pending. |
| Banking Framework | SWIFT Standards MT Release 2020 – Universal Confirmation | Temenos Transact now supports SWIFT (Society for Worldwide Interbank Financial Telecommunication) universal confirmations. |
| Banking Framework | Account Switching Service | This feature allows the users to register a switching instruction from an existing Temenos Transact current account to an external account opened in another bank. |
| Data Framework | Security Authorisation for Semantic Query Layer | Security authorisation is imparted to Semantic Query Layer (SQL) through XACML policies using Temenos Security Framework (TSF) to support XACML based authorisation in all GraphQL requests. |
| Private Wealth | Handling MT566 | Handling the custodian confirmation of the CA instruction (through SWIFT MT566) to the institutional customers to confirm the result of the CA (credit or debit of cash and/or stock). |
| Regional Banking Solutions | Account Freezing-Unclaimed Accounts and Posting Restrictions | This functionality allows the user to apply posting restrictions at the customer or account level. |
| Regional Banking Solutions | Customer Documentation ID Expiry | The EB.ALERT.REQUEST application is introduced, where the user can create a record to define all the available alert events. The messages and alerts that are sent to the client will be stored in the EVENT.LOG application. |
| Regional Banking Solutions | Single Euro Payments Area (SEPA) AOS1 | The SEPA AOS1 (Additional Optional Services) functionality has been developed and it allows the user to initiate SEPA outgoing and incoming credit transfers and verify that the Acceptance Date Time field is updated with the server current date-time. |
| Regional Banking Solutions | FX Blacklist | Temenos Transact allows the user to upload and control the FX blacklist files on a daily basis. These files contain information on blacklisted people who are not allowed to perform FX transactions. Banks can also do a manual update of its customers with the blacklist mark. |
| Regional Banking Solutions | Embargo Process | The Embargo Process functionality allows the processing of different trades from COELSA (Electronic Clearing House), which manages all the trades received from AFIP (the tax revenue agency of Argentina) on the defaulted customer. |
| Regional Banking Solutions | Vault Management System Solution » Update Current Serial Number and Authorised Person Signature | This functionality provides the ability to place the currency in different bags, mark these bags against an entity and keep them in the vault. |
| Regional Banking Solutions | Customer Enhancements and Validations | This functionality allows the user to create new customers as per the Indian regulations. When a customer is onboarded, the customer record will be created and the following information will be validated: nationality and residence, address, date of birth, identification documents, industry codes (if applicable) and the customer relation (if applicable). |
| Regional Banking Solutions | Payment Interface to JD Gateway | Temenos Transact allows the user to input single request payments with specific fields for Brazil. The payment information will be exchanged through Web Services for the Available Electronic Transfer (TED) process. |
| Regional Banking Solutions | Fixed Interest Non-Resident WHT Exemption | Irrespective of any other setup, if a non-resident WHT (withholding tax) exemption is indicated at the instrument level, there will be no withholding taxes charged. |
| Regional Banking Solutions | Account Freezing-Unclaimed Accounts and Posting Restrictions | As part of the Account Infrastructure module, the Account freezing-Unclaimed Accounts and Posting Restrictions functionalities have been developed, which allows the user to apply posting restrictions at the customer or account level. |
| Regional Banking Solutions | Watheeq Services | This functionality allows the bank to integrate with the Watheeq Edge system. The Watheeq Edge system supports the integration of financial institutions with various statutory organisations of Saudi Arabia. Watheeq Edge has control over the fulfillment of SAMA requests. |
| Regional Banking Solutions | Stapled Securities | The stapled securities involve two or more child securities. The existing income and withholding tax developments allow entering the components at the diary level. In the case of stapled securities, the diary is created at the parent level. However, the withholding tax components can be entered at the child level. |
| Regional Banking Solutions | Queuing of Payments | The Queuing of Payments functionality ensures that the collectible amount shall not be utilised by the customer for any other purpose than the prioritised collections already existing in the queue. |
| Regional Banking Solutions | Regulatory Restrictions for Pre-Closure Fees | The Regulatory Restrictions for Pre-Closure Fees functionality provides the ability to apply a pre-closure fee when pre-closing a loan based on the certain rules. |
| Retail | Processing of Pending Unpaid Bills | It is now possible to recover the funds from the new changed account number to support the current older outstanding due bills, thereby providing the flexibility to change or add account numbers. |
