All you need to know about T24 core banking

T24 is an “all in one” integrated technology that provides care banking solutions to financial institutions. It provides the banks with all essential tools to manage their operations including their entire workflow, and back and front end transactions. It also helps in customer management and client relationship improvement.

• T24 Banking Software
  TEMENOS T24 has been one of the key global leaders in banking software for the last few years. Application of T24 in a multitude of banking tasks has made the system capable of satisfying almost all needs of the banking sector.

  Currently, TEMENOS T24 is operated in over 500 banks in more than 100 countries.

  TEMENOS T24 developers have rich experience in the banking sector that helps them to tackle situations in real time environment and provide support to retail, investment and wholesale banking institutions.

  Basically, T24 banking software automated all banking activities with its integrated technology.T24 is modular in nature. It consists of a core system in the center that covers the regular banking tasks. It also consists of modules that concentrate on catering to specific operational demands of the users.

  T24 banking software is built on open architecture using HTTP, XML, and J2EE. This design of T24 helps in providing support for multiple application servers and a huge number of users. This system is highly scalable and resilient.

• Benefits of T24 Banking Software
  TEMENOS T24 core banking software provides the following benefits:
  1. Provides up to date customer information
     T24 core banking software operates on a real-time platform where all data for input is read, immediately processed and made available right away.
  2. Product Builder Embedded
     T24 banking software has an embedded service for product building. To leverage its maximum benefit, banks can integrate T24 into their application systems for analyzing, studying product features, and customizing them for the individual user.
  3. Endless Scalability
     T24 is built to be scalable enhancing its ability to increase performance levels even in a high period of demand. By integrating T24 into their systems, banks can decide the time when they wish to scale their operations.
  4. Low cost of ownership
     Integrating T24 banking software into their core system helps the banks to accurately carry on their activities without any delays. There are also lesser chances of errors or mishaps in transactions. This leads to a reduction in TCO or total cost of ownership.

     T24 core banking software is the top most used software in banks worldwide. They are directed towards changing the whole landscape of the banking sector and give them a competitive advantage over their peers.