Temenos Transact (T24) Core Banking System - Funds Transfer

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Dien Pham

1:00:47

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1 - Introduction

1 - Introduction.mp4

03:36

2 - Temenos Transact T24 Core Banking System Funds Transfer

2 - Funds Transfer Overview.mp4

07:34

3 - Funds Transfer Transaction Type.mp4

06:11

4 - Funds Transfer Fee.mp4

18:29

5 - Funds Transfer Accounting Entries.mp4

04:13

6 - Funds Transfer Backdate Forward Accounting.mp4

08:57

7 - Funds Transfer Preventing Duplication.mp4

11:47

Description

Temenos Transact (T24) Core Banking System Series

What You'll Learn?

Overview of Transactions: Learn the general principles of financial transactions
Funds Transfer Application: Understand how money transfer transactions are processed in the T24 Core Banking system
Transaction Types: Discover the different types of transactions within T24
Transaction Fees: Explore the importance of service fees in funds transfer services
Accounting Entries: Learn how to accurately identify and query accounting entries for all types of transactions
Backdate and Forward Accounting: Understand how banks handle transactions with past or future effective dates
Preventing Duplicate Transactions: Gain insights into strategies and techniques for preventing duplicate transactions

Who is this for?

Banking Professionals

Aspiring Core Banking Specialists

Finance and Accounting Professionals

Students and Fresh Graduates: Those pursuing careers in banking, finance, or financial technology, who want to gain insights into a leading core banking solution like Temenos T24.

What You Need to Know?

Basic Knowledge of Core Banking: A foundational understanding of core banking concepts and functions, such as customer accounts and financial transactions.

Familiarity with T24: It’s recommended that students have prior exposure to the Temenos Transact (T24) system, ideally through earlier modules or hands-on experience.

Understanding of Accounting Principles: Basic knowledge of accounting principles, including debit and credit balancing, will be beneficial

More details

Description
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'll understand how banks generate revenue from money transfer services. Additionally, you'll gain insights into accounting entries, the lifeblood of any transaction, understanding how debits and credits are posted in T24. You'll 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.
Who this course is for:
Banking Professionals
Aspiring Core Banking Specialists
Finance and Accounting Professionals
Students and Fresh Graduates: Those pursuing careers in banking, finance, or financial technology, who want to gain insights into a leading core banking solution like Temenos T24.

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Banking

Dien Pham

Instructor's Courses

I am an experienced and accomplished author with a deep passion for data strategy and management. 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.Throughout my career, I have held several senior positions such as:- Data Division Director of an insurance company- Deputy Data Governance & Analytics of the Group (Real Estate, Retail, Hospitality, Commerce, ...)- Deputy Chief Data Officer cum Senior IT Strategy Expert- Head of Data & Analytics Service- Project Director/ Project Manager- Enterprise & Solution Architect of bankThat have allowed me to make significant contributions to the field. And right now, as a director of Data Division, I played a pivotal role in shaping data initiatives and driving the effective use of data within organizations. Additionally, as a Data Governance & Analytics expert, I focused on establishing robust data governance frameworks and harnessing the power of analytics to drive actionable insights.With my diverse background and extensive industry experience, I have developed a strong understanding of the challenges and opportunities in the data management landscape. Through my work as an author, I am dedicated to sharing my knowledge, insights, and practical strategies with students like you.

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