Temenos Transact
The following are the key features of 202204. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Generic Auto Services Framework | All auto services can now have a dedicated feeder queue and can thus be grouped for processing. |
| Banking Framework | Online Rebuild of Customer Grouping | The Charges and Fees module is enhanced to support the instant online customer charge calculation based on the static attribute changes in the CUSTOMER, QI.CUSTOMER.SUPPLEMENTARY.INFO (QCSI) or FATCA.CUSTOMER.SUPPLEMENTARY.INFO (FCSI) applications. |
| Banking Framework | Delivery MX Translation | Banks can generate payment orders based on MT messages generated by legacy modules like Loan and Deposit module. |
| Design Framework | Importing Bulk Data Records | Temenos Data Packager allows the user to import bulk data records from CSV file with the help of a new wizard Bulk Data Records Import from CSV in IDE mode. |
| Design Framework | Repo Save API | Repo Save APIs are introduced as a part of the Temenos Data Packager to save the package. |
| Design Framework | API Based Data Structure | Temenos Packager is enhanced with ability to use API based data structures to package complex structures or related data records, which the user can download and import to IDE. |
| Extensibility Framework | JSON Schema in Virtual Table Configuration | Temenos Workbench allows the user to create virtual table by defining JSON schemas for each operation that includes create, retrieve, update and delete. |
| Extensibility Framework | Data Extension Mapping using JOLT Mapping Editor | Data Extension JOLT Mapping allows users to define mapping between Transact or Generic events and microservices entity to support any new data field added as part of customization. |
| Extensibility Framework | Validating and Defaulting Transact API and UXP Extensions | Extending APIs allow the user to do validation and defaulting outside the Transact boundaries for both Transact APIs and UXP Browser operations. |
| Integration Framework | Multiple Namespace Support in Eventhub | It is now possible to configure multiple namespaces in DES avoiding the limitation of topics. |
| Interaction Framework | Support for Generic Accounting Interface | IRIS now supports the payment execution requests through Generic Accounting Interface service. |
| Interaction Framework | Python Scripting Support in UXPB | Banks can now use Python scripts in UXPB to extend both request and response to have customized validations. |
| Interaction Framework | User Externalisation using Keycloak IAM | User Externalisation is a mechanism which allows access to the Transact database without maintaining a valid user profile in the transact. |
| Private Wealth | SRD II Events | This functionality allows the bank to process the incoming Shareholders Identification Disclosure Messages sent by an issuer or intermediary. The system is enhanced to record the receipt of seev.045, seev.046 and seev.049 messages and trigger out seev.047 and seev.048 messages. |
| Regional Banking Solutions | Alias Resolution and Addressing Interface | Using the New Payments Platform (NPP), this functionality allows bank customers to use two types of Osko payment options given below via online or mobile banking and also to receive such payments. |
| 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. The underlying title document will be validated while initiating outward transfer towards the schooling or professional fees, trade-related, and other restricted transactions. |
| Regional Banking Solutions | AVA Opening and Beneficiary | 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 | Withholding Tax and TFN Number >> Generic API’ s | This functionality allows users to manage the securities trades, portfolios income expenses, securities tax profiles, securities income distributions, portfolios income expense types, securities tax classes, fiduciary orders, securities income withholding tax, securities master tax classes, entitlements withholding taxes. |
| Regional Banking Solutions | Legal Entity Fund Structure >> Generic API’s | This functionality covers the structure and hierarchy of the legal entity platforms of Australia such as super, investor-directed portfolio service, separately managed accounts, etc., which are at the portfolio level. |
| Regional Banking Solutions | Iberpay Instant Rulebook | This functionality allows banks to handle the outward and inward cancellation requests, complying with the new Iberpay Instant 2021 Rulebooks. |
| Regional Banking Solutions | Cash Reserve Ratio | This functionality allows banks to capture or load the deposit balance details in Temenos Transact. The system will calculate the CRR based on deposit balances and will update the corresponding CRR in the same record. |
| Regional Banking Solutions | Buy or Sell Rate in the ATM Framework | This functionality allows banks to use the sell rate that includes the spread they have defined when a USD transaction requires the FX registration into the ARS customer account. |
| Regional Banking Solutions | Convert PAIS Tax on FX Book Transfers from TPH to AA | This functionality allows banks to manage the PAIS tax on FX (Foreign Exchange) book transfers using the AA (Arrangement Architecture) module when customers buy USD or any other foreign currency from accounts in ARS. |
| Regional Banking Solutions | Flood Insurance | The Flood Insurance solution addresses a regulatory requirement for loans secured by real estate property that are in flood zone. |
| Regional Banking Solutions | Multi Holders Accounts Validations on FX | This functionality enables banks to handle the savings accounts in a foreign currency, with more than one holder, which cannot have a credit transaction of multiple holders, when the customer performs an FX transaction (buying USD from BCRA) in the same calendar month. |
| Retail | Notice for Redemption of Funds in Deposits | Deposits product line is now enhanced with Notice functionality to capture request for partial or full redemption of funds. |
| Retail | Notice Request Validations based on Locked Amount | Users and customers can now be informed about insufficient balance on notice accounts and deposits at the time of either capturing or modifying the notices for withdrawal of funds by considering the locked amount. |
| Retail | User Configurable Funds Availability Date | When the fund availability date is requested directly during notice capture or change such that the notice period is compromised, the bank user can either accept or reject the requested date. |
| Retail | Automatic Settlement of Funds on Notice Withdrawal | Notice funds can be automatically settled on the available start date (funds availability date) to either a Temenos Transact customer account or to an external beneficiary based on the settlement instructions. |
| Retail | Notice Validations for Cancel and Cooling Period | It is now possible for the bank user to define the following, so that banks can monitor the rule evaluations for the product or an arrangement: - Termination period for a frequency-based rule evaluation. - Rule end period for a periodic evaluation. |
| Retail | Defining Charge Capitalisation Date | When a charge property type is set as VALUE.NEXT.DAY, the underlying charge is collected with value date as the next calendar date from the customer’s account. |
| Retail | Synchronous Simulation for API | The response time of the simulation that is executed through an API can be improved by running it online using the inline simulation framework instead of using a service. |
| Retail | Overpayment in Mortgage Loan | Customers can repay over and above the regular repayment either as a one-off payment or a fixed regular repayment. |
| Retail | Product Conditions Based on Product Phases | It is now possible to configure Product Phases and Conditions based on the Product Phases in the Product Designer. It is also possible to control the relative dates of the Product Conditions to be effective from the base date of initial product date or base date of change product/renewal/rollover for the interest and charges. |
| Retail | Payment Order Payoff at Facility Level | The system now allows the user to make a payment order payoff at facility level, considering the ERC of each arrangement under the Facility. |
| Retail | Role Based Home Page Information on Payoff | The Payoff Request Initiated field in the Single Customer View (SCV) helps to capture payoff request information. |
| Retail | Mortgage Early Repayment Charge | An Early Repayment Charge (ERC) can be levied when the borrower repays an amount that breaches the defined overpayment limit. |
| Retail | Posting Restrict Validations in Notice Deposits | Users and customers will now be informed about posting restrictions on notice deposits either at the time of capturing/modifying notices or when a posting restriction is placed while a notice is in process. |
| Retail | Adjustment of Funds Availability Date in Notice Deposits | Banks can choose the funds availability date (Available Start Date) to be a business or a non-business date for notice deposits. The Available Start Date for withdrawal of funds from the notice deposit can now be configured as a business or a non-business date based on the value defined in the Notice convention field in the Balance Availability Property Condition. |
| Trade Finance | Adding Assignment Rate and Assignment Spread in Export Drawings | Assignment of Proceeds feature in LETTER.OF.CREDIT is enhanced to allow users to add assignment rate and assignment spread. The differential amount due to rate spread from assignment is now included in exchange profit gain/loss calculation for the Drawings. |
| Treasury | Payment Delay Conventions in RFR SWAPS | The SWAPS module is enhanced to support the processing of delayed interest payments and delivery messages in RFR swaps. |
The following are the key features of 202203. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Extensibility Framework | Deploying VirtualTable in AWS Serverless Environment | Virtual Table Microservice supports the users to configure and deploy this service in Amazon Web Services Serverless Environment. |
| Extensibility Framework | Deploying ATM – TCP and IP Listener | Adapter MS supports the Adapter TCP-IP interface which is used to process the ATM ISO messages. |
| Platform Framework | Adherence of Business Event-Names to BIAN Standards | This feature helps to adopt the externalisation of the Banking Industry Architecture Network (BIAN) standards in events raised across Temenos. |
| Platform Framework | Reference Data APIs | Reference data APIs are introduced as part of Microservice Framework to store and retrieve reference data. |
| Private Wealth | Processing the MX Meeting Notification and Cancellation in CA | This feature allows the bank to process the incoming MX meeting notification and cancellation message sent by the issuer or any intermediary. It also ensures the SRD II compliancy with regards to meeting notifications |
| Regional Banking Solutions | Letter of Credit or Shipping Guarantee Margin Refund | This functionality allows banks to collect a margin, while issuing an LC, as a specific proportion to the LC amount. The margin that has to be collected will be in the customer’s account currency as against the transaction currency. |
| Regional Banking Solutions | FX API Extracts | This functionality allows banks to extract the details around any foreign exchange transactions undertaken at any foreign currency account linked to the portfolio. The extract generation is based on the data built in the CG.FCY.ACC.BASE application. |
| Regional Banking Solutions | Common Reporting Standards (CRS) Additional Data | The functionality allows the users to modify the records from this application prior to the report generation. The amendment of such records in the live application is possible through the suitable input into the CRS.BASE.MANUAL.UPDATE application. |
| Regional Banking Solutions | Design Change | This functionality allows banks to perform the manual imputation of the Foreign Trade Title (TCE) received from customs via Tunisie Trade Net (TTN). |
| Regional Banking Solutions | Garnishment Handling | This functionality allows users to create garnishment orders and freeze the funds from the customer accounts and freeze deposits. Also, it allows users to block and unblock securities, the details being available in the SC.BLOCK.SEC.POS application. |
| Regional Banking Solutions | Foreign Currency Limit Management and Sub Delegation | This functionality allows banks to process the Business Travel Allowance (AVA) retrocession, limit supply, Foreign Trade Title (TCE) usage, schooling usage, schooling retrocession, information sheet usage and F1/F2 usage. |
| Regional Banking Solutions | Payment Tolerance for TCE Codes 21 and 31 | This functionality allows banks to process payments that are greater than the title amount to an extent of maximum 10%. |
| Regional Banking Solutions | Turnover Collection Tax for ATM and Teller Cash Deposits Transactions | This functionality allows banks to apply the Turnover Collection tax to the ATM and Teller cash deposits transactions, based on the highest rate of the respective padrons. |
| Regional Banking Solutions | Rulebook | This functionality allows banks to manage the outward and inward cancellation requests, complying with the new SEPA Iberpay Rulebooks 2021. |
| Regional Banking Solutions | Interest and Late Payment Fee | This functionality allows banks to manage the accounting for the late payment fee, to book into internal account whenever is generated and book into profit and loss only when its realised. Similarly, the penalty interest is booked into internal account when accrued and book into profit and loss when is realised. |
| Retail | Notice Account Validations in AR | Users and customers will now be informed about posting restrictions on notice accounts either at the time of capturing/modifying notices or when a posting restriction is placed while a notice is in process. |
The following are the key features of 202202. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Data Framework | Field Type Conversion in RR.OVERRIDE.PARMETER | RR.OVERRIDE.PARAMETER now allows the conversion of field type from single value to multi value or multi value to sub value, for the required fields of the application. |
| Design Framework | Deploy API V2 | Deploy API is enhanced to capture response of package deployment in both success and failure scenarios. While both V1 and V2 of the Deploy API functions in the same way, V2 provides more details about the deployment in the response. |
| Extensibility Framework | Deploying VT in EKS and Azure Serverless Environment | Virtual Table Microservice supports the users to configure and deploy this service in Elastic Kubernetes Services (EKS) and Azure Serverless Environment. |
| Integration Framework | Validating Metrics in DES Using JMC | Data Event Streaming is enhanced to support the validation of monitoring metrics using JMX metrics exposed by Temenos Monitoring library. |
| Private Wealth | Calculating and Posting Settlement Penalties | The settlement penalties (LMFP and SEFP) are calculated for all transactions that have not matched the required criteria or settled beyond the intended settlement date. |
| Platform Framework | Distributed Tracing | Infrastructure microservice framework now supports the distributed API tracing in Jaegar UI. |
| Regional Banking Solutions | e-Cheques | This functionality allows users to confirm, accept or to reject the presented e-cheque as the payee bank. |
| Regional Banking Solutions | Tax on Loan Penalty Interest during Payoff | This functionality provides configurations that allow the system to apply the Generic VAT, Perception VAT and Turnover Perception when a customer is charged with the penalty interest. |
| Regional Banking Solutions | Salary Collateral and Reporting Cycle | This functionality allows banks to regenerate the Saudi Credit Bureau (SIMAH) files for regular, default and monthly extracts. Banks can generate the SIMAH extract outside the Close of Business (COB). |
| Regional Banking Solutions | Pro-Rata Threshold | This functionality allows a bank to calculate the pro-rata interest income threshold for each interest period below which tax (WHT) will not be calculated and applied on the interest income. |
| Regional Banking Solutions | Loan Validations | This functionality allows banks to restrict the number of times a loan can be rolled over, to support straight rollover, decreased value rollover and increased value rollover. |
| Regional Banking Solutions | CNH to CNY Conversion | This functionality allows banks to handle the incoming and outgoing SWIFT messages in MT and MX formats, considering the conversion to CCC for the outward remittance, the conversion into Chinese characters for the inward remittance and the regulatory requirement of the cross-border Chinese Yuan (CNY) remittance. |
| Regional Banking Solutions | Initial Public Offering (IPO) Allocation | This functionality allows banks to automatically manage the Israel Initial Public Offering (IPO) allocation process and the IPO allocation methods including, uniform price – fifo, uniform price – pro-rata, uniform price – fifo, pro-rata, discriminatory price and fixed price. |
| Regional Banking Solutions | FX Blacklist Upload Process | This functionality allows banks to manage the functional errors that can appear once the FX blacklist is processed through the Data Formatting Engine (DFE). The functional error messages will be logged, and the files will be moved to the archive folder. |
| Regional Banking Solutions | Role Based Home Pages for Lending and Deposits | This functionality allows users to access the Customer Details screen that provides a 360-degree view of the customer's product details. |
| Retail | Turning Simulation Live on Current/Future Date | Banks can now edit the simulation run date and turn it live on the current date instead of the captured date and retain the same conditions captured initially. |
| Retail | Adjustment of Funds Availability Date in Notice Accounts | Banks can choose the funds availability date (Available Start Date) to be a business or a non-business date for notice accounts.
The Available Start Date for withdrawal of funds from the notice account can now be configured as a business or a non-business date based on the value defined in the Notice convention field in the Balance Availability Property Condition. |
| Retail | Offline Update of AA Customer Tables during Takeover | The new activity type - Customer Arrangement Offline Update, available for the Takeover Activity Class enables the AA tables to get updated during a service and not during the takeover activity thus improving the system performance. |
The following are the key features of 202201. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Translating MT210, 900, 910 Messages to ISO20022 CBPR+ Messages | The Delivery MX Translation module enables the bank to send to their counterparties the ISO20022 CBPR compliant camt.054 and camt.057 messages based on the MT210/900/910 messages generated by the business modules. |
| Corporate | Guarantee | Contingent Liability is a new module available with Guarantees Product Line in AA to support Guarantees and SBLC. |
| Extensibility Framework | Defaulting Value in Request Payload for UXP Browser | UXPB now supports defaulting of field values in the request payload based on the decision logic rules defined by the user. |
| Extensibility Framework | Virtual Table | Virtual Table Microservice also referred to as Data Add on microservice allows users to define data models and services to support any new custom data additions. |
| Interaction Framework | Auto-defaulting of Field Values | The Generic Config microservice now allows the user to define and store a default value for a field. When any of those defined fields have empty values in the request payload, the system automatically defaults the corresponding mapped values during runtime before proceeding with the Regex or rules validation. |
| Interaction Framework | Elimination of Inherited Fields in Child API Response | The user can now decide whether to retain a particular field that is inherited from a parent API version by defining the Display Type field in the child version. |
| Platform Framework | Database Auto-upgrade | During deployment, the first-time installation and upgrade of microservices can be run without any manual intervention. |
| Regional Banking Solutions | Bank Transfer Services | This functionality enables banks to use the Bank Switching Service for customers to make it easier to switch to a new bank. Banks will be able to reroute the payments messages and generate the rerouted payments messages (PACS) with the switch account details in the specific tag. |
| Regional Banking Solutions | Turnover Tax Reporting | This functionality enables banks to handle the information required for generating the Turnover tax report. Based on the information provided by , the report will be generated using an external platform. |
| Regional Banking Solutions | Role Based Home Pages for Lending and Deposits | This functionality allows users to access the home pages to view or perform manual operations on loans and deposits custom-made for Australian banking operations. |
| Regional Banking Solutions | Withholding Tax | This functionality allows banks to calculate the withholding tax at the entitlement level, on cash distributions of Real Estate Investment Trusts (REITs). |
| Regional Banking Solutions | Multi Holders Accounts - FX Customer Transactions | This functionality enables banks to handle the savings accounts in a foreign currency, with more than one holder, which cannot have a credit transaction of multiple holders, when the customer performs an FX transaction (buying USD from BCRA) in the same calendar month. |
| Regional Banking Solutions | Inward Cheques Collection (Day 5 to Payment Day) | This functionality allows banks to process the incoming cheque collections when funds are not available in the payer account after D+4, where D is the clearing date. |
| Retail | Sub Arrangement Rule Changes for MCY Products | An MCY account product allows only one sub account product in the sub-arrangement rules. |
| Retail | Change Product in a MCY Structure | It is now possible to upgrade or downgrade a multi-currency structure directly using the Change Product Activity. When a change product is initiated in the multi-currency arrangement, the sub-accounts also undergo a product change to the sub-account product specified in sub-arrangement rules of the new multi-currency product. |
| Treasury | Continuous Linked Settlement for Forex Transactions | The FOREX application supports trade-booking, amendment and post-trade settlement functionalities for direct and indirect participants of Continuous Linked Settlement (CLS). |
The following are the key features of 202112. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Forwarding JWT Token through Keycloak to PAP UI | PAP UI now supports single sign-on using JWT token-based authentication. |
| Application Framework | Fetching Transact Resources and Attributes through System Call | PAP UI now fetches data using the system API call for the Transact option from the Product drop-down list. |
| Banking Framework | Temporary Overdraft Limit | This functionality temporarily grants additional funds to the customer on top of funds earlier allowed through the Limit. It allows for separate charges and interest rate to be applied to the account arrangement according to the arrangement pricing. |
| Banking Framework | SEDA E-mandates – Outbound Flow | Temenos Transact is enhanced to initiate and process the Direct Debit mandate amendment (pain.010) and cancellation (pain.011) requests as a debtor bank. |
| Data Framework | Enabling Tables in TDH | The RR.PARAM application is now enhanced to enable applications with a valid STANDARD.SELECTION record. |
| Integration Framework | Posting Inflow Requests to Topics | Inflow is now enhanced to support topics such as Azure Eventhub and Kafka. |
| Interaction Framework | IRIS Logger - Metrics on Grafana Dashboard | The new functionality supports the capture of various IRIS metrics and transfers the same into the Grafana dashboard. |
| Islamic Banking | Direct Purchase of Asset from Seller – Ad hoc Vendor | Transact is now enhanced to initiate and purchase an asset directly from seller (ad hoc vendor) and make payment to the seller. |
| Islamic Banking | Payment of Special HIBA Profit Amount for Mudaraba Deposits/Accounts | Special HIBA, is the new profit property introduced in the Mudaraba Deposits/ Accounts product. This is an additional profit amount that can be paid to Mudaraba Deposits/ Accounts on and above the profit rate declared by PDS. |
| Islamic Banking | Mudaraba Savings Plan and Profit Capitalization for Mudaraba Deposits | Profit Distribution System (PDS) calculated profit amount for Mudaraba deposits can now be capitalized into the principal amount based upon Profit Pay Method. A new Mudaraba savings plan, which is a recurring deposit product is introduced. This is linked to the PDS pool calculation. The profit rate is calculated during PDS distribution and applied to these deposits. |
| Islamic Banking | Advance Profit Fixed Type Deposits | To enable paying the deposit profit amount in advance on the deposit booking date itself, a new deposit product called Advance Profit Fixed Type Deposit is introduced. Here, the profit amount on the Term deposit is calculated and paid upfront to the customer settlement account based on the selected tenor. |
| Islamic Banking | Tier-balance based Profit Calculation | Tier based balance calculation method using band/ level profit rate calculation is now available to calculate profit amount for Mudaraba accounts. |
| Islamic Banking | Reversal of PDS Distribution | The user can now initiate the reversal of PDS distribution on the same day or on the subsequent day(s) for the Last PDS distribution. |
| Platform Framework | Enabling Cache Service | This feature optimizes the retrieval of generic configurations data by caching these configuration. |
| 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 | ACH Reversal Processing | This functionality enables financial institutions (ODFIs) to initiate the reversal of an ACH file, batch and entry within five business days of origination. |
| Regional Banking Solutions | Order Level Fees Optimisation | This functionality allows users to reverse security trades so that the order execution is updated with the correct nominal (quantity). The trade reversal and the execution update, in most cases, will happen before the fees service runs at Close of Business Day (COB). Hence, this will not have any impact on the fees calculations. In case of an order, which didn’t have any execution and a new trade is being entered, the system will calculate the minimum and maximum fees. |
| Regional Banking Solutions | AVA Allocation APIs | This functionality allows banks to read and automatically update the information from an allocation file. New provider APIs have been introduced for querying and managing the AVA files. |
| Retail | Live Account Closure and Settlement Using Payment Order | During the live closure of accounts (closure without simulation), the user can now use payment order to settle the closure proceeds to a beneficiary. |
| Retail | Temporary Limits | Temporary Limits for Accounts can have a different interest rate for accrual calculation than the main limit. |
| Retail | Direct Live Closure of MCY Accounts using Payment Order | During the live closure of a MCY account (without simulation), it is now possible to configure Transact to settle the closure proceeds to a beneficiary using the PAYMENT.ORDER application, on the current date or a forward system date. |
| Retail | Retail Securitisation | The Retail Securitisation module in Transact allows to create securitisation pools and enable full or partial securitisation of the loans by making a share transfer to the investors. |
| Trade Finance | CSN Currency in Letter of Credit | The CSN Currency field is introduced in LETTER.OF.CREDIT, which accept values such as deal currency or local currency to allow commission calculation, raise accounting entries and the subsequent amortization to be generated in local currency and deal currency. |
| Trade Finance | Release of Margin/Provision | This functionality allows the user to release the provision in provision currency and an option to enter the exchange rate in case the provision release account is in a currency other than provision currency. |
The following are the key features of 202111. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Monitoring the COB Progress in T24 Log | Temenos Transact is now enhanced to monitor COB through its respective stages and push the information to the T24 log. Any third-party log monitoring solutions can parse the logged information and use it for graphical or dashboard display, as required. |
| Banking Framework | Processing Merchant Return Transactions | The Generic Accounting Interface is enhanced to support the merchant return transactions and to process them when Temenos Transact is online. |
| Banking Framework | Best Match for Full Booking | The Generic Accounting Interface identifies the best match reservation and cancels all the incremental authorisations. |
| Banking Framework | Partial Booking | The Generic Accounting Interface allows processing of partial bookings. |
| Design Framework | Supporting Bootstrap Package API | A new API is introduced that allows to deploy the Bootstrap package, as it is not ideal to insist on redeploying dsf-iris.war in Cloud operations. |
| Interaction Framework | Rules Engine Invocation Defaulting Value | The rules engine can update the request payload value based on the condition written, and the new value will be sent to Transact through OFS. |
| Platform Framework | Automatic Inbox – Outbox Clean up | Microservice Infrastructure is enhanced with the auto clean up feature, which is available in all the microservices. |
| Platform Framework | Distributed Logging | This functionality allows you to refine the search to view only the required logs by using filters on microservice name, function name or layer and the log levels. Distributed logging is used for creating ingestion pipeline for collecting logs from multiple devices and store in Elasticsearch storage for visualizing and analyzing through Grafana. |
| Platform Framework | Supporting PDF Attachments | Transact Email is now enhanced to support the banks to send the PDF attachment with password protection. The bank users can now customise their Email messages sent to the customers. |
| Regional Banking Solutions | Derivatives Close Outs and DX Transfer | This functionality allows banks to manage closeouts on derivatives Exchange Trade Derivatives (ETD) options. |
| Regional Banking Solutions | Incoming Payment Processing | This functionality allows financial institutions to process incoming payments where the company cash account is maintained in another bank. |
| Regional Banking Solutions | Tax Rates Regulatory | This functionality enables banks to handle the rates applied in calculating the Turnover Collection tax on incoming transfers on savings accounts for the following jurisdictions: Catamarca, Corrientes, San Luis, and Salta. |
| Regional Banking Solutions | Segregation of Spot Position Accounts | This functionality allows banks to segregate contingent accounts based on the transaction type and update the balance in the General Ledger due to a Forex deal spot where the value date of the deal is greater than the deal date so that the contingent spot position accounts will be segregated. |
| Regional Banking Solutions | Non-Execution and Minimum Fee | This functionality manages the calculation and posting of fees for securities or derivatives orders, based upon the gross amount total of the corresponding trade executions. Non-execution and minimum-maximum fees can be applied. |
| Retail | Pricing Rules for MCY Accounts | It is now possible to configure special pricing rules in MCY accounts based on which the system can evaluate and apply a discount on charge or a premium on a bonus on a multi-currency account arrangement. |
| Retail | End-to-End Transaction Processing and Migration of MCA | It is now possible to take over a MCY account from the legacy system. Additionally, preferential pricing can be applied to MCY accounts through different pricing strategies, either independently of each other or in combination. The user can issue a new card at the top account level and have the card fee raised and settled from the sub-account linked to card. |
| Retail | Credit Check, Automatic and Customer-Initiated Position Transfer in Multi-Currency Arrangements | The Balance Availability Property Class is added to the MCY product line to perform a credit check at the MCA level. When a debit transaction in an MCY arrangement results in a debit balance or overdraft in the sub-account, the system can be configured to automatically move the funds from one currency to another within the MCY structure. The customer can also manually request for an internal position transfer from one currency sub-account to another under the same MCY structure. |
| Retail | Capture Historical Bills and Historical Transaction Balance | During the takeover of an arrangement, the historical transaction balance and historical bills can be captured in Transact from the legacy system. This enables users to make back value dated changes beyond the Transact Take Over date and perform bill adjustments. |
| Trade Finance | CSN Currency in Miscellaneous Deal | Introduced the CSN CURRENCY field is in MD.DEAL, which can accept value as deal currency or local currency to allow commission calculation, raising accounting entries and the subsequent amortization to be generated in local currency and deal currency. |
The following are the key features of 202110. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Standards and Restrictions in SS2021 | Temenos Transact is now enhanced to restrict SaaS implementation clients from attaching any new local customized routines in various user exit fields that permit it and allows certain applications to add/modify records. |
| Banking Framework | Margin Valuation through Credit Policy Structure | Temenos Transact provides banks an option to define the credit policy system. The credit policy includes rules for defining the lending ratio (margin rate) based on various factors like tenure of the asset, currency of the asset and asset size. |
| Design Framework | Configuring Keycloak Authentication Service | Temenos Packager is now enhanced with Keycloak authentication mechanism, which is a standard authentication service implemented across all Temenos products. |
| Integration Framework | Maintaining a Stable Container Name in Integration Events | Integration Framework event is now enhanced to capture the group, subgroup and textgroup container names after the first publish and uses the same name when a flow is republished, ensuring the container names are not changed when fields are added to the flow or removed from the flow. This facilitates the customers using integration events not to change their stylesheets or any mapping logic for each republish of the integration flow. |
| Interaction Framework | Generation and Deployment of API Artefacts from Config Microservices | This functionality contains the mechanism to load the inventory or swagger json from config microservice. IRIS picks the generated services from the config microservices and deploy those services. |
| Interaction Framework | Regex Engine | This enhancement validates IRIS API request fields. It loads all the values from the config microservices and place it in the cache before invoking the Transact API request. |
| Platform Framework | Deploying Adapter Microservice on Azure Kubernetes Service and On-Premise | Adapter Framework provides a standard feature to Temenos Enterprise applications, to interface with external application that do not support event-based integration. A set of adapters are available in a template format, which can be used to design new interfaces. This feature supports the deployment and configuration of Adapter Microservice on Azure Kubernetes Service and On-premises environments. |
| Regional Banking Solutions | Calculate the Break-Cost Interest on Full and Partial Breaks | This functionality allows banks to calculate the break costs on full and partial breaks when a customer requests for an early withdrawal in term deposits. |
| Regional Banking Solutions | Incoming Payment Processing | This functionality allows financial institutions to process incoming payments where the company cash account is maintained in another bank. |
| Regional Banking Solutions | Loan Validations | This functionality allows banks to not charge penal interest for loans to borrowers under the priority sector up to Rs. 25,000. |
| Regional Banking Solutions | Dual Listed Securities | This functionality allows banks to calculate the Withholding Tax for the dual listed security and for stapled securities. |
| Regional Banking Solutions | Derivatives Premium or Strike Price Quoting | This functionality allows for the automatic assignment of options to customers who are on the primary side of a trade and have sold the options concerned. |
| Regional Banking Solutions | Non-Execution and Minimum Fee | This functionality allows banks to calculate the execution fee (min max fees), and non-execution fees. The fees will be fairly calculated so that the customer won’t be overcharged and the bank won’t be undercharged. |
| Regional Banking Solutions | SIBTEL Inward Cheque Clearing | This functionality allows banks to process transfers, withdrawals, cheques, and bills of exchange using the e-clearing system. |
| Regional Banking Solutions | Non-Customer Cash Transactions | This functionality allows banks to capture the non-customer information for all cash transactions and a report will be generated to display the date-wise transactions performed by the non-customers. |
| Retail | Combined Closure Triggered at Multi-Currency Account Level | An MCY arrangement can be closed along with its underlying sub-accounts by initiating closure at the MCA level. In such a closure, the system automatically triggers the closure of the underlying sub-accounts as well. It is possible to simulate and then close the MCY account or directly close it. |
| Retail | Advance Repayments in Loan | When a customer makes an advance payment, the banks prefer to settle the bills in advance without passing any benefit of the advance payment to the customer. This feature allows the bill to be marked as Settled but accounts the balance and updates the GL balance on the actual bill due date. The new Advance Settle Date field when set as Due in the Payment Rule Type of the advance payment rule helps to achieve this. |
| Retail | Charges in MCY Arrangement | It is now possible to configure activity charges and scheduled charges in MCY arrangements. The Generate Charges Activity can be used to collect or pay charges in non-financial arrangements. The charge information is passed to the settlement account using Context Name-Value fields and capitalised in the liquidation account. |
The following are the key features of 202109. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Resolving EOD Errors Automatically | In TSA.SERVICE, a new feature is introduced to scan and update the Date Resolved field automatically in EB.EOD.ERROR, so that the errors are automatically marked as resolved at the time of starting TSA.SERVICE for COB. |
| Application Framework | Allowing USE.LOCAL.SMS definition in USER.SMS.GROUP |
The USER.SMS.GROUP application is now extended with the input ability for the Use Local SMS field. When the field is updated to Yes, it calls the EB.LOCAL.SMS.ROUTINE, which allows to define SMS restrictions in EB.LOCAL.SMS.ROUTINE. |
| Application Framework | Monitoring the COB Progress | Transact now allows external systems to monitor the progress of the COB, and the results can be viewed in DES and in Grafana dashboard. |
| Design Framework | Workbench Profile Setup | Temenos Workbench now introduces a profile mechanism that facilitates any non-Temenos managed SaaS client to select from the Transact Standard or Transact SaaS profile to operate. |
| Design Framework | Supporting Adapter Framework Configuration Items | Adapter framework now provides standard adapter features as services to Temenos Enterprise applications to interface with external applications that don’t support event-based integration. |
| Design Framework | Rendering the Configuration API Dynamically | Temenos Workbench now provides the ability to dynamically render an editor by defining the Configuration API. |
| Regional Banking Solutions | Tax on Financial Transactions (ITF) | As per the Peruvian laws, this functionality allows banks to apply a tax on financial transactions (ITF) on the operations carried out under different products (liabilities and assets) offered to its clients and the accounting thereof. The ITF tax applies to local (PEN) and foreign currencies (USD). |
| Regional Banking Solutions | Watheeq Services | This functionality allows banks to store the UIDN (Unified Identification Number) for the non–government agencies at the customer level. |
| Regional Banking Solutions | Customer Compliance | This functionality allows banks to store and amend the customer information in the customer creation process for both individual and corporate customers during the customer on boarding process. |
| Regional Banking Solutions | TNA, TCEA and TREA Rates | This functionality allows banks to calculate the Annual Nominal Rate (TNA), Annual Effective Cost Rate (TCEA) and Annual Effective Yield Rate (TREA) rates from the Annual Effective Rate (TEA) rate when the TEA rate is defined as the principal rate of the product. |
| Regional Banking Solutions | Tax Returns Validations in Salta and Tucuman | This functionality enables banks to return the amount that comes in the Tax Returns file without making an exact comparison on the collected amount in the account of the customer, in the files of the Salta, Tucuman and Tucuman Partial jurisdictions. |
| 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. While processing payments, the underlying transactions can be processed successfully or they can be rejected due to any errors. Accordingly, the system will handle the corresponding limit update and the users will be able to reverse or reject the transfers. |
| Regional Banking Solutions | Import Documentary Collection | This functionality allows banks to link the pre-approved documents like Foreign Trade Title (TCE), information sheet, and F2 to the Letter of Credit (LC) for the import transaction while opening or issuing. |
| Regional Banking Solutions | Import Documentary Credit | This functionality allows banks to reserve the related foreign trade title, information sheet, or F2 sheet while opening an Import Documentary Credit (IDC). |
| Regional Banking Solutions | TASE (Tel Aviv Stock Exchange) Collateral Management | This functionality allows banks to mark positions as collateral at custodian’s demands. Any attempt to sell the marked portion of collateral will result in a warning or an override message. |
| Regional Banking Solutions | Reinvestment Instructions for Term Deposit | This functionality allow banks to capture and validate the information related to the deposit reinvestment instructions. The system will validate whether the change in the payment frequency and the payment method is within the period mentioned in the XNZ.ADDITIONAL.INFO.STAND.DOWN.PERIOD. |
| Retail | Risk Free Rates with Amount Compounding and New Flooring Options | Temenos Transact is now enhanced with options to support both positive and negative rate flooring along with zero flooring. With the movement to daily rates and period averages, the system can apply flooring to either the daily raw rate before calculation or the final effective rate. |
| Retail | Archival of Interest Accruals | Banks can archive the interest accruals to improve the performance of the system using the Archive Period and Retain Period fields in the AA.PARAMETER application. |
| Retail | Notifying Customer of Base Rate Change in Accounts | For an account with floating rate of interest, it is now possible to communicate to the customers in advance about any future-dated floating rate change. |
| Treasury | Lookback and Lockout Convention for RFR Swaps | To enable the hedging of cash products such as RFR loans and deposits, the SWAP application is enhanced to support Lookback and Lockout market conventions for RFR Swaps. It also supports processing of increase or decrease in the notional principal for RFR Swaps. |
The following are the key features of 202108. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Banking Framework | Daylight Overdraft | Temenos Transact now allows users to set up overdraft (OD) and daylight overdraft (DLOD) amounts on the summary account level and customer account level. |
| Banking Framework | Incremental Authorisations | The OFS clearing reservation request supports incremental authorisation processes (create, update and cancel) when Temenos Transact is online. |
| Design Framework | Managing Bulk Record Transactions | Single transaction mode is now enhanced to support bulk validation and deployment of package containing LOCAL.TABLE (LT), LOCAL.REF.TABLE (LRT) and EB.TABLE.DEFINITION (ETD) records. |
| Private Wealth | Handling MiFID Questionnaire | The Securities module in Temenos Transact is enhanced to support the dynamic addition of questions in MiFID questionnaire. Based on the customer response in MiFID questionnaire, the system assigns the points to each customer response and arrives at the eligible investment program. |
| Regional Banking Solutions | Collateral for HAL and Garantia Guarantees | This functionality allows banks to have a stand-alone calculator for the HALG guarantee and other validations in the creation of the HALG Guarantee Collateral. Also, the system will check whether there is an existing collateral attached when the HAL guarantee is selected as a collateral type that represents the residence that is purchased. The system will retrieve the purchase price from the attached primary collateral (house or apartment shares) and populate it in the HAL guarantee. Also, the system will generate a warning message when there is no collateral or other than an own house or apartment shares. |
| Regional Banking Solutions | Matrix Tax Server Interface | This functionality allows banks to store the necessary values for tax calculation for entitlements using the ILMATX.ENTITLEMENT.TAX.VALUES application. |
| Regional Banking Solutions | Wages Protection System | This functionality enables banks to process the salary file from a corporate customer and generate a regulatory specified output file with the statuses of the salary payment. |
| Regional Banking Solutions | Loan Validations | This functionality allows banks, in the case of loans to borrowers under the priority sector, to not charge the penal interest for loans up to Rs. 25,000. |
| Regional Banking Solutions | Derivatives Premium or Strike Price Quoting | This functionality allows banks to handle the nuances of derivatives prices and allows users to make entries in NIS (New Israeli Shekel) as well as in Agorot for option strike prices, depending on the way the options are quoted in the local market. |
| Regional Banking Solutions | Import Documentary Credit | This functionality allows banks to reserve the related foreign trade title, information sheet, or F2 sheet while opening an Import Documentary Credit (IDC). |
| Regional Banking Solutions | Reinvestment Instructions for Term Deposits | This functionality allow banks to capture the information related to the deposit reinvestment instructions and to change a deposit from maturity to rollover and vice versa. It allows users to define a new term, new rate and new interest schedule after the rollover. |
| Regional Banking Solutions | Outgoing Transfers | This functionality allows banks to initiate payment transfers on behalf of their customers for various transactions like foreign trade title, F1, F2, information sheet, etc. |
| Regional Banking Solutions | Trading Calendar | This functionality allows banks to setup of trading holidays at the stock exchange level. There is also a provision to indicate the days of a week when a particular security doesn’t trade. Any orders being placed on a trading holiday of the stock exchange or the day of the week when the security doesn’t trade will result in error. |
| Regional Banking Solutions | CCI Generation | This functionality allows banks to generate the Interbank Account Code (CCI) code during the account creation. |
| Regional Banking Solutions | Salary Collateral and Reporting Cycle | This functionality allows banks to identify if a customer is a salaried person of the bank and automatically manage the selection of the contracts for regular reporting containing the financial information required by the Saudi Credit Bureau (SIMAH). |
| Regional Banking Solutions | Customer Business Relationship End Date (CBRED) | This functionality allows banks to maintain the Customer Business Relationship End Date (CBRED) for all customers, during the opening and closure of accounts. |
| Retail | Memo Balances at Multi-Currency Level | In a MCY structure, for any credit or debit posted to a sub-account, the system raises a memo entry at the multi-currency account level. This can be achieved by ensuring a setup in MCY arrangement and sub account level. |
| Retail | Automatic Creation of Base Currency Sub-account | MCY products can now be configured to open the base currency sub account automatically. In Product designer, the Product Only field should be set to MCY for all sub account products. |
| Retail | Defer Property Type | Defer Property Type is introduced for Periodic Charge bills to facilitate the banks to issue periodic charge bills in advance. |
| Retail | Extend Cycle for Periodic Charges | Extend Cycle option is available for the payment type relating to periodic charges. When the scheduled periodic charges has the Payment Type set to Extend Cycle, then the periodic charges are billed and collected beyond the loan maturity or payment end date until the arrangement is moved to pending closure or closed status. |
| Retail | Advance Repayments in Loan | Advance Repayment of bill is possible for all payment types except the routine based and transaction amount based payment types. During an advance payment, the customer receives an interest benefit from the interest component paid in advance and the principal component paid in advance. This is achieved by the system settling the accrued interest till date, the remaining interest component paid by the customer is apportioned towards the principal. |
The following are the key features of 202107. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Supporting Other Date Formats | The date field in Temenos Transact is now enhanced to allow banks to create transactions based on its country specific calendar formats such as Hijri or Ethiopian. |
| Application Framework | Business Day Frequency for Services | Banks can now configure the service to be run based on business (working) day as well. |
| Application Framework | Adding Server Date to EB.FILE.UPLOAD |
EB.FILE.UPLOAD is now enhanced with a new field called Upload Date for storing the server date during authorization, which is used to filter bulk contracts. |
| Platform Framework | Error Reprocessing | Microservices Framework is enhanced to reprocess errors using infrastructure APIs. |
| Platform Framework | SaaS Automation in AWS | Microservices Framework now supports SaaS automation in AWS to generate resource meta data as JSON files. |
| Platform Framework | MS SQL Support | Microservices framework now supports MS SQL database that allows the usage of multiple MS SQL server instances to be installed and operated on a single machine. |
| Private Wealth | Physical Settlement of Futures Contract | Temenos Transact now supports physical settlement of futures contracts, where the underlying asset is a valid record in SECURITY.MASTER. An underlying security transaction is created to settle the trade on maturity. |
| Private Wealth | Company Specific Security Master Data | SC.SM.MC.DEFINITION is a Fin level table created to capture the entity-specific instrument level attributes. |
| Regional Banking Solutions | Penalty Interest Amount | This functionality allows banks to generate bills in advance that include the applicable penalty interest amount so that this component can be added to the paper invoice or pre-notification that is sent to the customer. |
| Regional Banking Solutions | Legal Fee Cap | This functionality allows banks to define the eligibility of consumer credit for the KSL 7:17a and KSL 7:17b laws for a loan contract or an overdraft account. The system calculates the annual period in various cases. Also, Temenos Transact handles the charge calculation for student loans in two different phases, such as the disbursement and repayment phase. |
| Regional Banking Solutions | Statistics Finland | This functionality allows banks to calculate the statistical value when a new index value is fetched from the Statistical Finland interface. The new calculated statistical value, which is more than the defined percentage of collateral nominal value, is displayed in a fast-path enquiry, where the user will decide to update the nominal value with the newly calculated statistical value, in the COLLATERAL record or not. |
| Regional Banking Solutions | Forbearance Process | This functionality allows banks to mark a loan arrangement as forbearance if a customer is requesting the bank for any ease in the loan repayment in case the customer has some temporal financial difficulties. |
| Regional Banking Solutions | Cashier's Payment Order and Demand Draft | This functionality enables the bank to handle specific branch operations through the management of issue and the control on the outstanding payments of the CPO and DD after a specified period. |
| Regional Banking Solutions | Data Extract for Reconciliation | This functionality allows banks to extract additional data feeds from to be reconciled with a corresponding extract from CPB SECTRAS. |
| 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 | All in Fees | This functionality allows banks to extract a CSV file from Temenos Transact for all the all in fee that has been levied on the portfolio and send it to CPB SECTRAS. |
| Regional Banking Solutions | Customer Letter of Guarantee | This functionality allows banks to manage guarantees and settlements. |
| Regional Banking Solutions | Percentage Limit Price | This functionality allows banks to capture the limit price as a percentage of the existing last price or base price in the SECURITY.MASTER,ILSCPR.INPUT version. |
| Regional Banking Solutions | SFMS - COV Messages and Interface for e-Stamp | This functionality enables banks to handle the IFN 760 COV e-messages for any new bank guarantee and the IFN 767 COV e-messages for any bank guarantee amendment (renewal) through the SFMS (Structured Financial Messaging System) platform. |
| Regional Banking Solutions | Calculate Exemptions on Domestic Payments for Joint Accounts | This functionality allows banks to handle the exemptions on holders’ combination for incoming domestic transfers. When an incoming domestic transfer is received on a savings account, the system will determine if the transaction is from the same or different holder to apply or exempt the Turnover Collection tax. |
| Regional Banking Solutions | Turnover Collection Exemption Rule for Incoming Transfers | This functionality allows banks to comply with the regulations in Argentina, by identifying the currency of the source and target accounts used in incoming transfers for some jurisdictions to exempt the application of the Turnover Collection tax on book transfers, immediate transfers, and domestic transfers when the debit and credit accounts are in USD currency. |
| Regional Banking Solutions | Stamp Tax Rates | This functionality enables banks to handle the Stamp tax exemptions on non-instrumented loans for the following jurisdictions: Catamarca, Chubut, La Pampa, Neuquén, San Juan, San Luis, Santa Fe, Tierra del Fuego, Santa Cruz, Tucumán, Jujuy and Córdoba. |
| Regional Banking Solutions | Padron Data | This functionality allows banks to manage the cases where a customer had information in one padron and in the next padron this information is changed or the customer doesn’t have any record in the new padron. |
| Regional Banking Solutions | Customer Business Relationship End Date (CBRED) | Hong Kong Monetary Authority (HKMA), the regulatory authority in Hong Kong mandates the maintenance of the customer business relationship end date (CBRED) for all customers. This functionality allows banks to update the CBRED date when the relationship of a customer with the bank comes to an end. |
| Regional Banking Solutions | SFMS – Structured Financial Messaging System | 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 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 | Position Transfers and Trailer Fees or Rebates | This functionality allows banks to capture additional data for security transfers (internal and external transfers) and send it to CPB SECTRAS. |
| Regional Banking Solutions | Local Money Transfer Service | This functionality enables banks to handle specific branch operations through the management of cash deposit, account debit from a bank or non-bank customer as depositor to cash payout or account credit to bank or non-bank customer as beneficiary. |
| Regional Banking Solutions | Embargo Process | This functionality allows the processing of different trades from the Spanish Electronic Clearing House (COELSA), which manages all the trades received from AFIP (the tax revenue agency of Argentina) on the defaulted customer. |
| Regional Banking Solutions | Taxation on Corporate Actions | This functionality allows banks to send the entitlement proceeds received out of a corporate action to CPB SECTRAS so that CPB SECTRAS in turn can calculate the tax on the entitlement proceeds and communicate the same to Temenos Transact. |
| Regional Banking Solutions | IRA 10Y Plan Changes | As part of the Secure Act, distributions from a non-spouse inherited IRA must be taken within 10 years rather than 5 years. Currently, the IRA functionality has three options for distributing funds for an inherited IRA: The Lump Sum Five-year method and Life expectancy. The Ten-year is now a new option to take distributions from the IRA. This functionality allows banks to use the Lump Sum Five-year option for distributing funds for an inherited IRA that will extend the amount of time the beneficiary may take distributions from the IRA. |
| Retail | Defer Closure Period for Product with Interest Property | Temenos Transact is now enhanced to allow deferring of loan closure for lending products with or without interest. |
| Retail | Non Customer Facing Charges | AA is now enhanced to realise the NCFC amount to P/L immediately. It can be setup for both debit and credit type charges without the need for amortisation. |
| Trade Finance | Swift 2021 - Revamp of Category 7 MTs - Issuance of Guarantees and Standby LCs | SWIFT has revamped the Category 7 MTs related to Guarantees and Standby L/Cs in 2021 for a better straight through process. |
| Trade Finance | Standby Letter of Credit – Confirmation, Presentation and Reimbursement | As part of SWIFT 2021, changes to Miscellaneous Deals (MD), Standby Letter of Credit (SBLC) and its related functionalities like Confirmation, Presentation and Reimbursement are introduced in MD. |
| Trade Finance | SWIFT 2021 - Maintenance of Demand Guarantee / Standby Letter of Credit undertaking | This functionality focuses on the changes to the existing SWIFT messages that are generated from MD application related to Maintenance of Guarantee and Standby LC Contracts and the new messages that are introduced by SWIFT. |
The following are the key features of 202106. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Tidying up the Jobs | PGM.FILE is now enhanced with the Tidy Up Api field to clean up the jobs for every session. |
| Application Framework | Condition Based Duplicate Contract Checking | EB.DUPLICATE.TYPE is now enhanced to support condition based duplicate check for linked application fields. |
| Design Framework | Automated Propagation of Local Fields to APIs | Inheritance capability is now extended to support local fields propagation to API version and API enquiry based on the propagation flags set. |
| Integration Framework | Customisable Correlation ID in Integration Events | This feature allows the user to select a field, whose value will be added to the JMS header as correlation ID and the same data populates in the event common section of Integration Event. Therefore, the user can correlate the asynchronous messages as the value is mapped from the request to Integration Event. |
| Interaction Framework | Local Reference Field Extensibility | IRIS now displays all the local reference fields from LOCAL.TABLE that are enabled for propagation along with API core fields defined in Version of API. |
| Regional Banking Solutions | Mortgage Insurance Program | This functionality allows banks to provide mortgage loans with higher loan to value (LTV) without incurring additional credit risk by having additional mortgage insurance attached to the lending contract. The policy premium can be a one-time charge collected by cash, added to the loan’s principal, or collected annually. |
| Regional Banking Solutions | External Fund Transfers | This functionality allows banks to update the ESFUND.TRASPASO.REQUEST application based on the file from the external depository or integrated depository (other than All Funds Bank (AFB)). Also, banks can send the order details to a depository other than AFB. |
| Regional Banking Solutions | Stamp Tax Exemptions | This functionality enables banks to handle the stamp tax exemptions on the savings accounts, loans and deposits for the Provincia de Buenos Aires, Ciudad Autónoma de Buenos Aires, Santa Cruz, Santa Fe and Tierra del Fuego jurisdictions. Also, this functionality allows banks to handles the Stamp tax on non-Instrumented loans when cancellations happen. |
| Treasury | Extension and Cancellation of Client FX Forward Contracts | The FX module now supports the partial or complete extension and cancellation of FX contracts. |
The following are the key features of 202105. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Vertical | Feature | Description |
|---|---|---|
| Application Framework | Using Keycloak for Identity Management | The user authentication mechanism is enhanced from the standard (legacy) login method to Keycloak Authentication. Keycloak provides secure authentication and prevents from security attacks. |
| Data Framework | PostgreSQL | This feature extends the DLM functionality to support PostgreSQL database. |
| Design Framework | JWT Authentication for Design Framework Packager | This feature enables authentication support with more security to Design Framework Packager through JSON Web Tokens. |
| Interaction Framework | IRIS Rules Engine | IRIS now supports payload validation against the rule engine using Config microservice. |
| Private Wealth | Generating MT565 Message as per Deadline of the Option | The Securities Corporate Actions (SC CA) module in Temenos Transact is now enhanced to automatically generate MT565 messages for the different options based on the option deadline date. |
| Private Wealth | Creating Generic Groups for Applying Fees and Charges | Banks can create ad hoc groups for applying fees and charges to the customers. This functionality enables the banks to create generic or ad hoc groups to allow fees and charges to be defaulted accordingly. |
| Regional Banking Solutions | European Investment Fund Guarantee | This functionality allows banks to credit the small and medium enterprises (SMEs) by using the collateral management in respect to EIF (European Investment Fund) guarantees. |
| Regional Banking Solutions | Secondary Pledge | This functionality allows banks to handle the status of the bearer bonds, capture the details of the underlying asset, issue a secondary pledge on a bearer bond and capture the details of the issued or received secondary pledges. |
| Regional Banking Solutions | Retention Accounts | This functionality allows banks to manage foreign exchange operations like the retention of foreign currency accounts, the definition of applicable percentages and liquidation days with exporters, service providers to foreign customers, resident companies, institutions, individuals and government organizations. |
| Regional Banking Solutions | Structured Reference | This functionality allows users to validate the correctness of the payment reference number upon manually entering the payment details in the Payment Initiation screen. |
| Regional Banking Solutions | Infrastructure | This functionality allows users to validate the check digit for the Hong Kong Identity Card (HKID) captured for a customer at the time of individual customer creation and customer tracking to determine the availability of CBRED (Customer Business Relationship End Date). |
| Regional Banking Solutions | Export Documentary Collection | This functionality allows banks to link the settlements for the export collection payments based on whether the export collection payment pertains to TCE (Foreign Trade Title) or AVA (Business Travel Allowance). |
| Regional Banking Solutions | Bank Letter of Guarantee | This functionality allows the user to link the TCE (Foreign Trade Title) or AVA (Business Travel Allowance) to the guarantee, set the claims to capture the preapproved documents for the TCE or AVA, validate the balances and update the usage details. |
| Regional Banking Solutions | Payment Schedule Amendments and Loans Prepayment, Payoff and Waiver | This functionality allows banks to manage payment schedule amendments and the prepayments or a payoff. |
| Regional Banking Solutions | Additional Tax on Foreign Currency Buy Transactions | This functionality allows banks to apply an additional tax whenever a customer transfer’s money from an ARS account to another account owned by the same customer and with different currency than ARS. |
| Regional Banking Solutions | Change of Exchange Rate for PAIS Tax on Book Transfers | This functionality allows the user to configure the PAIS tax. For PAIS tax calculation, the exchange rate market taken into account is the same as the exchange rate market used by core to exchange the book transfer itself. |
| Regional Banking Solutions | BCRA Operations GET | This functionality allows banks to use the BCRA (Central Bank of the Argentina Republic) service to check the FX (Foreign Exchange) operations executed by a customer on a particular day. |
| Regional Banking Solutions | Structured Financial Messaging System (SFMS) | 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 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 | Transaction Filter, Internal Securities and Goodwill Payments | This functionality allows banks to share the tax relevant information from Temenos Transact to CPB SECTRAS. CPB SECTRAS will return the tax details and Temenos Transact will post the accounting entries against the respective transaction. |
| Retail | Tax on Advance Payments | It is now possible to collect tax at the time of advance interest payments. Also the loan statements can display the advance payments of accrued interest and corresponding tax, if any. |
