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Temenos upgrade services

When it comes to delivering Temenos upgrades, being a Temenos Certified Global Partner for Managed Upgrades means more.

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Temenos specialists

 

Zoreza global has one of the largest global Temenos practices, with over 240 employees worldwide. 
Our deep understanding of the financial services industry enables us to deliver exceptional performance, flexibility and customer experience. 

Temenos core banking system upgrade improves operational efficiency, increases resilience and addresses customer needs

 

Our expertise in T24 upgrades

 

Our Temenos upgrade services enable traditional banks to better compete with cloud-native fintechs by updating platforms to the latest business models, adopting modern architectures and transforming to fully hosted core banking software services.

 

Innovative upgrade tools

As a Global Certified Partner, our Temenos experts follow the proven methodology for delivering upgrades in distinct phases. Here are four critical tools we use to help drive implementation:

Upgrade analyzer

benefits

Scoping tool provides:
● Overview of Transact setup
● Local customization details and technical impact

Benefits: Accurate estimates/timelines. Key dependencies (GPACK, modules, etc.)

Data comparison

benefits

Transact-specific tool:
● Developed in Python
● Executed from UI or command-line scripts
● Excel, doc. and JSON output formats

Benefits: Compares Transact tables for data inconsistencies

GL comparison

benefits

Exclusively developed to provide:
● Insight into financial reporting lines in
● Transact data on differences

Benefits: Helps ensure system stability post-upgrade

Object explorer

benefits

Provides component insights:
● Parameterized configuration (inc. local)
● Analysis performed outside of Transact

Benefits: Identifies used/unused components. Catalogs local developments

Our Temenos upgrade capabilities in numbers

30+

Transact upgrade-certified consultants

25+

successful upgrade executions

10+

average years of Transact upgrade experience for team members

7+

Transact upgrades to the latest framework/release R21/R22

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Temenos upgrades

Learn more about how Zoreza global can help you deliver the perfect Temenos upgrade

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Our Team

Ian King, Temenos Practice Director, Banking and Capital Markets, Zoreza global

Ian King

Temenos Practice Director, Banking and Capital Markets, Zoreza global

FAQ

Upgrading Temenos Transact/T24 allows you to:

  • Keep your systems compatible with the latest technological advancements
  • Benefit from the newest features implemented by Temenos, which can help you deliver better customer experiences and improve operational efficiency
  • Ensure the system is well-equipped to address the latest security challenges and threats
  • Improve the system’s efficiency and performance with the bug fixes and enhancements included in the latest Temenos releases
  • Maximize your business agility to better respond to shifts in customer demands and market trends
  • Streamline regulatory compliance with up-to-date compliance features and security practices
  • Increase resilience by streamlining operations and accelerating time-to-market
  • Optimize running and managing costs
  • Sharpen your competitive edge and market appeal

Depending on your needs, you can opt for one of the following four ways to upgrade your Temenos Transact/T24 installation:

  • Technical upgrade. This typically involves a like-for-like upgrade where you maintain the functionality while updating the underlying technologies. Your upgrade partner can also resolve performance, security or reliability issues by migrating to the latest Temenos-supported stack
  • Functional upgrade. Your upgrade partner implements new or replace legacy modules during the upgrade. As a result, your Temenos installation is expanded with new functionality
  • Reengineering. This involves moving to a new API-driven, modular architecture to connect Transact/T24 with customer enablement and other systems
  • Replatforming. Your existing applications and integrations are lifted and shifted to a Temenos-supported cloud-native stack, with no changes to the underlying code, architecture or Transact/T24 functionality

When providing T24 upgrade services to our clients, we:

  • Assess the current installation. We conduct a comprehensive performance, scalability, customizations and integrations review. As a result, we identify the system’s strengths and shortcomings, business pain points and areas of improvement
  • Identify the desired system state. Based on our findings, we determine which modules, frameworks and stacks are best equipped to address existing issues. We then determine the target platform setup and architecture
  • Outline the upgrading strategy and roadmap. We pinpoint the changes required for the transition to the desired state and present a detailed roadmap with milestones, timelines and a cost estimate
  • Deliver the transformation and manage the system. Following stakeholders’ approval, we implement the changes in waves of transition. We then move into a supporting role and manage, scale and continuously improve the system

 

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