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OutSystems vs Temenos Transact Comparison

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Overview

OutSystems is a global leader in high-performance application development. The OutSystems high-performance low-code platform...

Temenos Transact is a cloud-based and on-premise core banking software, which enables corporate, retail, or private banks...

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Video & Screenshots

No screenshots yet

Pricing

Starting from

ic-pricetag

No pricing info

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

Starting from

ic-pricetag

No pricing info

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

User reviews

4.6

348

5

4

3

2

1

226

112

10

0

0

  • Value for money
  • Ease of use
  • Features
  • Customer support
99%
would recommend this app

4.8

26

5

4

3

2

1

20

6

0

0

0

  • Value for money
  • Ease of use
  • Features
  • Customer support
100%
would recommend this app

Pros

He helps us with the various projects we have in the Company, which is the most important part of my job. It perfectly supports project flow and helps us create flawless projects.
The user interface is great and give a lot of opportunities. It is a great tool to examine for further developments.
Secure, feature rich, great support, great performance, easy to learn development environment.

Pros

Out of the box performance is superb, provided you meet recommended hardware and software requirements.
The T24 has an awesome user inter-phase and a lot of features which solve most of our banking needs. It also supports a lot of users, which is another amazing advantage.
The system is easy to use , has great user interface and great functionalities that enable users carry out bank related transaction and processes with much ease.

Cons

Difficult to do an on premise implementation and dealt with disaster recovery.
The level of training and information for people with some knowledge is weak. They are either very confusing documents, or it is all very vague.
At the beginning we had some doubts but now, we do have lots of apps including core business apps. Honestly, without Outsystems, I just cannot imagin how can we would face covid crisis.

Cons

When we receive a disbursement error, it’s not easy to read the error it gives you. We spend a lot of time figuring out and pushing buttons trying to figure out what went wrong.
If you are unable to change your business process to the model bank, the app's customization is cumbersome and sometimes very cost ineffective.
The cost of implementation of Temenos T-24 is very high so because of this small and medium size financial institution finds difficult to switch.
  • Vendor responds to reviews
  • Last reviewa month ago
  • Vendor responds to reviews
  • Last review6 months ago

Key features

  • Total features70
  • AI-assisted Development
  • API
  • ATM Management
  • Access Controls/Permissions
  • Activity Dashboard
  • Activity Tracking
  • Agile Methodologies
  • Alerts/Notifications
  • Application Management
  • Approval Process Control
  • Audit Management
  • Audit Trail
  • Authentication
  • Business Process Automation
  • Change Management
  • Collaboration Tools
  • Collaborative Development
  • Compatibility Testing
  • Compliance Tracking
  • Configurable Workflow
  • Core Banking
  • Credit Union
  • Custom Development
  • Customer Accounts
  • Customizable Branding
  • Customizable Fields
  • Customizable Forms
  • Customizable Templates
  • Data Aggregation and Publishing
  • Data Import/Export
  • Data Modeling
  • Data Synchronization
  • Data Visualization
  • Database Support
  • Debugging
  • Deployment Management
  • Design Management
  • Drag & Drop
  • Electronic Payments
  • File Management
  • Forms Management
  • Graphical User Interface
  • Graphical Workflow Editor
  • Integrated Development Environment
  • Integrations Management
  • Investment Banking
  • Iteration Management
  • Lending Management
  • Lifecycle Management
  • Mobile Access
  • Mobile Development
  • Monitoring
  • Multi-Branch
  • No-Code
  • Offline Access
  • Offshore Management
  • Online Banking
  • Performance Monitoring
  • Pre-built Templates
  • Prioritization
  • Private Banking
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Reporting & Statistics
  • Reporting/Analytics
  • Requirements Management
  • Retail Banking
  • Risk Management
  • Role-Based Permissions
  • Rules-Based Workflow
  • Secure Login
  • Securities Management
  • Software Development
  • Source Control
  • Task Management
  • Template Management
  • Templates
  • Third Party Integrations
  • Transaction Monitoring
  • User Management
  • Version Control
  • Visual Modeling
  • Web App Development
  • Web/Mobile App Development
  • Workflow Management
  • Total features26
  • AI-assisted Development
  • API
  • ATM Management
  • Access Controls/Permissions
  • Activity Dashboard
  • Activity Tracking
  • Agile Methodologies
  • Alerts/Notifications
  • Application Management
  • Approval Process Control
  • Audit Management
  • Audit Trail
  • Authentication
  • Business Process Automation
  • Change Management
  • Collaboration Tools
  • Collaborative Development
  • Compatibility Testing
  • Compliance Tracking
  • Configurable Workflow
  • Core Banking
  • Credit Union
  • Custom Development
  • Customer Accounts
  • Customizable Branding
  • Customizable Fields
  • Customizable Forms
  • Customizable Templates
  • Data Aggregation and Publishing
  • Data Import/Export
  • Data Modeling
  • Data Synchronization
  • Data Visualization
  • Database Support
  • Debugging
  • Deployment Management
  • Design Management
  • Drag & Drop
  • Electronic Payments
  • File Management
  • Forms Management
  • Graphical User Interface
  • Graphical Workflow Editor
  • Integrated Development Environment
  • Integrations Management
  • Investment Banking
  • Iteration Management
  • Lending Management
  • Lifecycle Management
  • Mobile Access
  • Mobile Development
  • Monitoring
  • Multi-Branch
  • No-Code
  • Offline Access
  • Offshore Management
  • Online Banking
  • Performance Monitoring
  • Pre-built Templates
  • Prioritization
  • Private Banking
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Reporting & Statistics
  • Reporting/Analytics
  • Requirements Management
  • Retail Banking
  • Risk Management
  • Role-Based Permissions
  • Rules-Based Workflow
  • Secure Login
  • Securities Management
  • Software Development
  • Source Control
  • Task Management
  • Template Management
  • Templates
  • Third Party Integrations
  • Transaction Monitoring
  • User Management
  • Version Control
  • Visual Modeling
  • Web App Development
  • Web/Mobile App Development
  • Workflow Management

Integrations

  • Total integrations28
  • Bitbucket
  • Datadog
  • Dropbox Business
  • GitHub
  • GitLab
  • Google Drive
  • Jenkins
  • Jira
  • Microsoft 365
  • Microsoft Azure
  • Microsoft Teams
  • NetSuite
  • PagerDuty
  • Salesforce Sales Cloud
  • ServiceNow
  • Shopify
  • Slack
  • Trello
  • Zapier
  • Zendesk Suite
  • Total integrations7
  • Bitbucket
  • Datadog
  • Dropbox Business
  • GitHub
  • GitLab
  • Google Drive
  • Jenkins
  • Jira
  • Microsoft 365
  • Microsoft Azure
  • Microsoft Teams
  • NetSuite
  • PagerDuty
  • Salesforce Sales Cloud
  • ServiceNow
  • Shopify
  • Slack
  • Trello
  • Zapier
  • Zendesk Suite