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Oracle FLEXCUBE vs. Temenos Transact - Core Banking

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle FLEXCUBE
Score 8.3 out of 10
N/A
Oracle's FLEXCUBE is a system for banks featuring customer self-service portals, revenue maximization features and some inbuilt marketing features.N/A
Temenos Transact - Core Banking
Score 7.0 out of 10
N/A
Swiss company Temenos offers their establishing banking software for corporate and retail banks, as well as other kinds of banks such as those run in accordance to Islamic law, cooperatives, and non-bank community financial institutions. Temenos features a wide swath of bank management features, meant to support larger institutions with multiple locations with maximal task automation and system centralization.N/A
Pricing
Oracle FLEXCUBETemenos Transact - Core Banking
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Oracle FLEXCUBETemenos Transact - Core Banking
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Oracle FLEXCUBETemenos Transact - Core Banking
Considered Both Products
Oracle FLEXCUBE
SHEHROZ AKRAM | TrustRadius Reviewer
SHEHROZ AKRAM
HR Applications Specialist - Oracle HRMS & OD (Human Resource) at Meezan Bank Ltd.
Chose Oracle FLEXCUBE
One of the main reasons to choose the software is to maintain the pre-existing relationship, product functionality, performance, and strong services.
Verified User
Anonymous
Chose Oracle FLEXCUBE
Oracle WebLogic Application Server, Oracle Database and Oracle Analytics Server (formerly Oracle BI Foundation Suite)
Verified User
Anonymous
Chose Oracle FLEXCUBE
Multiple module availability which is fitted to the bank requirement and this has been used by about 40% of the banks in Cambodia.
Verified User
Anonymous
Chose Oracle FLEXCUBE
Cannot compare, but PeopleSoft seems to be more easily customized without specialized external vendors. PeopleSoft has more Oracle partners.
Temenos Transact - Core Banking

No answer on this topic

User Ratings
Oracle FLEXCUBETemenos Transact - Core Banking
Likelihood to Recommend
8.8
(0 ratings)
8.0
(0 ratings)
Support Rating
2.5
(0 ratings)
-
(0 ratings)
User Testimonials
Oracle FLEXCUBETemenos Transact - Core Banking
Likelihood to Recommend
Oracle FLEXCUBE is fantastic in almost all areas of banking from retail banking to corporate banking to Islamic banking. The technology stack it runs on is also brilliant however it will be of great help if the installation process is simplified to reduce the time to market during implementation. Also with regards to integrations, there should be more materials readily available for the non-standard integrations like the process of clearing files from ATM/POS
Verified User
Anonymous
Read full review
Due to cloud based solution when I was not in town and want some technical assistance for branch or any financial transaction, it is easy to access it from anywhere plus there is 24/7 reports available. It is easy for development team for new functionalities to implement. There is one down side we experienced that whenever there are largen numbers of user signed in, system get but slow.
Muhammad Adil Mujeeb | TrustRadius Reviewer
Muhammad Adil Mujeeb
T24 Technical Consultant
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Pros
  • Retail banking.
  • API integration.
  • Customization flexibility.
  • User experience.
Muhammad Adil Mujeeb | TrustRadius Reviewer
Muhammad Adil Mujeeb
Senior System Analyst
Read full review
  • Payments
  • Retail
  • Corporate
  • Bulk posting
  • 24/7 reports
Muhammad Adil Mujeeb | TrustRadius Reviewer
Muhammad Adil Mujeeb
T24 Technical Consultant
Read full review
Cons
  • It is utterly non-intuitive and not user-friendly for the front-end user. This applies to v.11.
  • Customization, though reliable, is costly.
  • Millennials have a hard time to adapt to it given that they are used to the intuitive app world.
Verified User
Anonymous
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  • Technical documentation
  • High cost
  • slow when many user are logged in
Muhammad Adil Mujeeb | TrustRadius Reviewer
Muhammad Adil Mujeeb
T24 Technical Consultant
Read full review
Support Rating
Implementation support being done by an Oracle partner with less care than Oracle's resource. Most of the resources from the partner are weak in knowledge and we need a longer time to resolve fixes.
Verified User
Anonymous
Read full review
No answers on this topic
Alternatives Considered
One of the main reasons to choose the software is to maintain the pre-existing relationship, product functionality, performance, and strong services.
SHEHROZ AKRAM | TrustRadius Reviewer
SHEHROZ AKRAM
HR Applications Specialist - Oracle HRMS & OD (Human Resource) at Meezan Bank Ltd.
Read full review
No answers on this topic
Return on Investment
  • A little bit of high-cost investment in both hardware and license
  • High maintenance cost
  • Even at the high cost it has the capacity and allows the bank to integrate with other systems and enable us to go into the Cambodian market faster.
Verified User
Anonymous
Read full review
  • High number of users
  • Handling bulk posting
  • Payments
Muhammad Adil Mujeeb | TrustRadius Reviewer
Muhammad Adil Mujeeb
T24 Technical Consultant
Read full review
ScreenShots