Temenos Group

Risk and Compliance

Composite Score

7.3 /10

CX Score

7.3 /10

6 Reviews Write a Review

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What is Risk and Compliance?

Our systems provide banks and financial institutions (FIs) with one of the most comprehensive suites of solutions available today, designed with efficiency at their core. Through our solutions, Temenos delivers protection for your bank, protection for your customers and protection for the global monetary system.

Company Details

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Risk and Compliance Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

86 Likeliness to Recommend

83 Plan to Renew

78 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+88 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Risk and Compliance?

7% Negative

0% Neutral

93% Positive

Pros

Reliable
Performance Enhancing
Trustworthy
Unique Features

Feature Ratings

Average 81

Regulatory Compliance and Audit

Analytics and Reporting

Anti Money Laundering

Transaction Monitoring

Cheque Management

Credit Risk Management

Asset Liability Management

Market Risk Management

Policy Management

Fraud Management

Stress Tests

Vendor Capability Ratings

Average 87

Availability and Quality of Training

Ease of Customization

Ease of Implementation

Ease of Data Integration

Product Strategy and Rate of Improvement

Business Value Created

Quality of Features

Ease of IT Administration

Usability and Intuitiveness

Vendor Support

Breadth of Features

Risk and Compliance Reviews

Chibuike O.

Role: Vendor Management
Industry: Banking
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted Nov 2024

Great product, easy to use!

Likeliness to Recommend

10 /10

What differentiates Risk and Compliance from other similar products?

Risk and Compliance stands out for its integrated approach, combining risk management, compliance monitoring, and regulatory reporting in one platform, enabling organizations to streamline operations and ensure real-time compliance.

What is your favorite aspect of this product?

My favorite aspect of Risk and Compliance is its ability to seamlessly integrate risk management and compliance monitoring, providing a comprehensive view of an organization’s regulatory standing in real-time..

What do you dislike most about this product?

What I dislike most about Risk and Compliance is its complexity, which can make implementation and ongoing management time-consuming for teams without dedicated resources.

What recommendations would you give to someone considering this product?

I recommend evaluating your team’s ability to handle the platform's complexity and ensuring adequate training and resources for smooth implementation.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Ali Raza P.

Role: Information Technology
Industry: Banking
Involvement: IT Leader or Manager

Validated Review

Verified Reviewer

Submitted Jul 2023

Worldwide Recognized Core Banking Software

Likeliness to Recommend

9 /10

What differentiates Risk and Compliance from other similar products?

While we used world check for compliance and risk it was standalone system and it was web-based but Temenos provided this facility in build or insight for easy to the end user.

What is your favorite aspect of this product?

Risk control list, compliance check list for anti money laundering perspective.

What do you dislike most about this product?

Hanging problem occured.

What recommendations would you give to someone considering this product?

Temenos is world wide recognized software in banking industry and its features related to risk and compliance remarkable.

Pros

Helps Innovate
Reliable
Enables Productivity
Efficient Service

Risk and Compliance

What is Risk and Compliance?

Company Details

Book a Free Demo Today!

Risk and Compliance Ratings

86 Likeliness to Recommend

83 Plan to Renew

78 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+88 Net Emotional Footprint

How much do users love Risk and Compliance?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Regulatory Compliance and Audit Ability to adhere to laws, regulations, guidelines, and specifications relevant to the business. Ability to store documents and trails for audit access.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Anti Money Laundering Includes suspicious behavior identification, currency transaction reporting, case management and customer due diligence checks.

Transaction Monitoring Includes Know Your Customer (KYC), cash deposits and withdrawals, wire transfers, and ACH activity management.

Cheque Management Includes cheque printing, cheque tracking, cheque payment processing, and cheque verification.

Credit Risk Management Includes credit assessment, credit scoring, and credit risk analysis.

Asset Liability Management Includes interest rate risk, liquidity risk, and funding and capital management.

Market Risk Management Includes equity risk, currency risk, and commodity risk.

Policy Management Solution centralizes policies, standards, and procedures mapped to regulations or best-practices (PCI-DSS, ISO/IEC, HIPAA, etc.) with built-in templates.

Fraud Management Includes identity theft protection, fraud alerts, payer authentication, and fraud investigations.

Stress Tests Includes crisis simulations, scenario generation, and scenario analysis.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Risk and Compliance Reviews

Chibuike O.

Great product, easy to use!

Likeliness to Recommend

Pros

Ali Raza P.

Worldwide Recognized Core Banking Software

Likeliness to Recommend

Pros

Feature Ratings

Regulatory Compliance and Audit

Analytics and Reporting

Anti Money Laundering

Transaction Monitoring

Cheque Management

Credit Risk Management

Asset Liability Management

Market Risk Management

Policy Management

Fraud Management

Stress Tests

Vendor Capability Ratings

Availability and Quality of Training

Ease of Customization

Ease of Implementation

Ease of Data Integration

Product Strategy and Rate of Improvement

Business Value Created

Quality of Features

Ease of IT Administration

Usability and Intuitiveness

Vendor Support

Breadth of Features