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Temenos Transact vs Thought Machine comparison

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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Temenos Transact
Ranking in Core Banking Software
2nd
Average Rating
9.4
Number of Reviews
3
Ranking in other categories
No ranking in other categories
Thought Machine
Ranking in Core Banking Software
3rd
Average Rating
0.0
Number of Reviews
0
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of September 2026, in the Core Banking Software category, the mindshare of Temenos Transact is 11.5%, down from 12.7% compared to the previous year. The mindshare of Thought Machine is 6.4%, down from 16.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Core Banking Software Mindshare Distribution
ProductMindshare (%)
Temenos Transact11.5%
Thought Machine6.4%
Other82.1%
Core Banking Software
 

Featured Reviews

reviewer2695074 - PeerSpot reviewer
Finance, Budget & Management Information Systems Reporting Divisional Head (Ibg) at a financial services firm with 10,001+ employees
Integrated banking platform has supported unified transactions and timely customer updates
A lot of solutions are in place. We work with Temenos Transact and Outlook for emails, along with some in-house built platforms. Temenos Transact is a banking software used worldwide. We are an end user and a banking industry utilizing this platform. We are using Oracle, which is integrated with Temenos Transact. We have an SMS alert system that is integrated, and WhatsApp is integrated with Temenos Transact. You can receive runtime updates regarding your accounts on WhatsApp by using a number. These are the APIs we are using. Since this is a technical matter, an IT department member could answer it in a better way.
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Top Industries

By visitors reading reviews
Financial Services Firm
29%
Comms Service Provider
8%
Computer Software Company
8%
Outsourcing Company
5%
Financial Services Firm
24%
Comms Service Provider
12%
Computer Software Company
7%
Outsourcing Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

What needs improvement with Temenos Transact?
There is a dire need to improve the GUI, graphical user interface. It is pretty old-styled and boring. There are no advanced analytics procedures. Only standard reports are available that we downlo...
What is your primary use case for Temenos Transact?
We use Temenos Transact for the whole banking system, encompassing deposits, advances, and investments. Everything is included in the software and serves as our everyday use for banking transaction...
What advice do you have for others considering Temenos Transact?
I do not think there is any new thing that I can share regarding this application. Maybe in a couple of months I will be able to share some more valuable insights because we are in the process of s...
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Also Known As

Temenos, Temenos T24
No data available
 

Overview

 

Sample Customers

ABN Amro, Blueshore, Mauritius Commercial Bank Mauritius, Societe Arabe Internationale de Banque, Swissquote Bank, St Raphaels Garda Credit Union, Banco ITAU BBA S.A.,
LLOYDS BANK, Atom, SEB, Standard Chartered