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Temenos Transact (T24) Core Banking System: Funds Transfer

Core Banking system, T24, Temenos Transact (T24), Fund transfer

Last Updated:01/2025 English (US) Instructor: Dien Pham

Lectures: 9
|
Videos: 1 hours
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Level: All
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Language: English
|
Last Updated: 01/2025

Skills: Core Banking Temenos Transact (T24)

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About this Course

Temenos Transact (T24) Funds Transfer is a comprehensive course that delves into one of the most essential functions of core banking systems: funds transfer. Temenos Transact, commonly referred to as T24, is one of the leading global solutions for core banking, widely used by banks and financial institutions worldwide. This course focuses on the funds transfer component, an integral part of any banking service.

The course begins with an overview of transactions and introduces the principles of debit and credit balancing. From there, it moves into the fundamentals of transaction types in T24, each uniquely tailored to meet various banking needs. You will learn how funds are transferred between accounts, how different types of transactions are processed, and how to account for money transfers within the T24 system.

We will explore key concepts such as transaction fees, where you will understand how banks generate revenue from money transfer services. Additionally, you will gain insights into accounting entries, the lifeblood of any transaction, understanding how debits and credits are posted in T24. You will also tackle more advanced topics like backdate and forward accounting, which are crucial for processing transactions on past or future dates.

By the end of this course, students will have a deep understanding of the funds transfer functionality in Temenos T24, equipping them with the knowledge to manage and operate within this powerful core banking system.

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About the Instructor

Dien Pham

Courses...

I am an experienced and accomplished author with a deep passion for IT & data strategy, data governance, management & AI/ML. With over 15 years of hands-on experience in the IT industry, I have gained extensive knowledge and expertise in various domains, including banking, insurance, retail, and more.

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