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NewgenONE Digital Transformation Platform vs Temenos Quantum comparison

Newgen and Temenos are both solutions in the Low-Code Development Platforms category. Newgen is ranked #26 with an average rating of 6.0, while Temenos is ranked #16 with an average rating of 6.9. Newgen holds a 0.2% mindshare in LCDP, compared to Temenos’s 0.4% mindshare. Additionally, 100% of Newgen users are willing to recommend the solution, compared to 81% of Temenos users who would recommend it.
NewgenONE Digital Transform...
Read 1 NewgenONE Digital Transformation Platform review
  • 125 Views
  • 97 Comparison Views
100% willing to recommend
Temenos Quantum
Read 15 Temenos Quantum reviews
  • 335 Views
  • 220 Comparison Views
81% willing to recommend
 

Comparison Buyer's Guide

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Executive Summary
We performed a comparison between NewgenONE Digital Transformation Platform and Temenos Quantum based on real PeerSpot user reviews.

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Low-Code Development Platforms
October 2024
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Helped 814,649 peers since 2012
 

Categories and Ranking

NewgenONE Digital Transform...
Ranking in Low-Code Development Platforms
26th
Average Rating
6.0
Reviews Sentiment
8.8
Number of Reviews
1
Ranking in other categories
No ranking in other categories
Temenos Quantum
Ranking in Low-Code Development Platforms
16th
Average Rating
7.2
Number of Reviews
15
Ranking in other categories
Mobile App Platforms (3rd), Mobile Development Platforms (9th), Rapid Application Development Software (19th)
 

Mindshare comparison

As of November 2024, in the Low-Code Development Platforms category, the mindshare of NewgenONE Digital Transformation Platform is 0.2%, up from 0.1% compared to the previous year. The mindshare of Temenos Quantum is 0.4%, up from 0.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Low-Code Development Platforms
 

Featured Reviews

SS
Jun 3, 2024
Automated process efficiency enhanced with improved setup simplicity
I use NewgenONE to automate processes such as onboarding, trade finance, and complete lending. It allows us to automate these processes efficiently NewgenONE has helped to automate repetitive manual tasks and data inputs, reducing the need for user intervention. It is good because it automates…
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Zain Omer - PeerSpot reviewer
Sep 28, 2023
Though a secure tool for building applications, there is a need to improve its stability
There is a lot of room for improvement in Temenos Quantum. Temenos Quantum is not quite stable yet. Improvements can be made to make Temenos Quantum stable. Improvements are needed in the solution, considering how my company needs to raise a lot of tickets with the technical support team of Temenos for some basic issues every time. There are some features in Temenos Quantum that I want to be stabilized by Temenos, just like in Android Studio and Xcode. Building an application using Temenos Quantum is not difficult, but my company needs to seek some support for the solution all the time.
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Quotes from Members

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

Pros

"NewgenONE's document management and workflow approach tools are very useful."
"Comparing other solutions with Temenos Quantum, the later is less mature and presents several issues. Implementing Temenos Quantum has been challenging, resembling a nightmare compared to the smoother experience with the other."
"It is a single platform that can cater to mobile and web development requirements, making it convenient for businesses looking to transition into the digital space."
"With the new VM releases, it is a faster product with more abilities that benefit the user."
"The best feature is the Kony Studio, which is the product that is used to develop interfaces."
"The initial setup of Temenos Quantum was easy."
"You can build your own customized, native, mobile applications in an efficient matter."
"You can do rapid development across multiple platforms.​"
"The main benefit lies in its exceptional speed of implementation."
More Temenos Quantum pros
 

Cons

"Setting up NewgenONE is still a technical task. Simplifying the setup process would make it easier for users."
"The security and the interface technology could be better in Temenos Quantum. Additionally, a module that can display all the activities that have been done in the system would be helpful."
"Temenos Quantum needs to improve its usability. It lacks information on the network. We have to contact the support when we are stuck with something."
"They need to improve their tech support's abilities. They do have a good tech support, but it still requires improvement."
"Temenos Quantum is not quite stable yet."
"Some features are only enabled for paid users. It would be much better if they enabled those features without having to pay. I would also like to see them publish information about future technologies on the Home screen under a separate tab. That would be an improvement."
"There is definitely room for improvement, especially in the areas of AI, AR, and DR for mobile and web applications"
"The UI lacks flexibility, especially regarding customizations. There are numerous issues at the fabric end, and working with the visualizer is extremely challenging. Basic development tasks require a high-end machine, and even clicking on an icon initiates a thirty-second processing time. The challenges mainly revolve around fabric and content."
"Using the API manager can be complicated when you're dealing with multiple teams, projects, and APIs. Quantum doesn't have user-based access, so I can't restrict parts of the project to specific users."
More Temenos Quantum cons
 

Pricing and Cost Advice

Information not available
"​The price is too high. The annual cost for the Kony license is very high. Every year you have to renew it in order to maintain it​"
"Temenos Quantum is an expensive tool. Taking into consideration my company's use of Temenos Quantum for a bank, the costs attached to the solution ranged from 3,00,000 to 5,00,000 USD for building one application for the bank."
"This is an expensive solution, and it is the biggest challenge that we face when we present this platform to customers."
"The product is expensive. First, they must purchase the product, and then pay an annual renewal fee. The renewal fee depends on the product details and the license term’s length. Clients can buy licenses for five or ten years and pay for them upfront, or they can set up a yearly renewal cycle."
"It is expensive solution."
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Top Industries

By visitors reading reviews
No data available
Financial Services Firm
39%
Computer Software Company
15%
Real Estate/Law Firm
8%
Government
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What needs improvement with NewgenONE Digital Transformation Platform?
Setting up NewgenONE is still a technical task. Simplifying the setup process would make it easier for users. Even when using other systems like MQ, you need some technical skills for integration.
See all answers
What is your primary use case for NewgenONE Digital Transformation Platform?
I use NewgenONE to automate processes such as onboarding, trade finance, and complete lending. It allows us to automate these processes efficiently.
See all answers
What advice do you have for others considering NewgenONE Digital Transformation Platform?
NewgenONE works well for business process automation (BPA) and suits specific work for the BFS side. However, it requires considerable improvement in certain areas.
See all answers
What do you like most about Temenos Quantum?
Comparing other solutions with Temenos Quantum, the later is less mature and presents several issues. Implementing Temenos Quantum has been challenging, resembling a nightmare compared to the smoot...
See all answers
What is your experience regarding pricing and costs for Temenos Quantum?
It is expensive solution.
See all answers
What needs improvement with Temenos Quantum?
The UI lacks flexibility, especially regarding customizations. There are numerous issues at the fabric end, and working with the visualizer is extremely challenging. Basic development tasks require...
See all answers
 

Comparisons

No data available
OutSystems vs Temenos Quantum Logo
OutSystems vs Temenos Quantum
Compared 58% of the time
Microsoft Azure App Service vs Temenos Quantum Logo
Microsoft Azure App Service vs Temenos Quantum
Compared 42% of the time
More Temenos Quantum Competitors
 

Product Reports

Buyer's Guide
Low-Code Development Platforms
October 2024
NewgenONE Digital Transformation Platform reportDownload NewgenONE Digital Transformation Platform product report
Buyer's Guide
Temenos Quantum
October 2024
Temenos Quantum reportDownload Temenos Quantum product report
 

Also Known As

No data available
KonyOne, Kony, Kony Quantum
 

Learn More

Newgen
Video not available
Temenos
 

Overview

Unlock Simple with NewgenONE
A unified, cloud-based platform, with a robust integration ecosystem, for automating end-to-end business processes and comprehensively managing content and communications

Temenos Quantum is a Multiexperience Development Platform (MXDP) that combines ease-of-use and speed of low-code productivity with deep enterprise capabilities for both consumer grade digital experiences across multiple touchpoints and robust backend services for identity, integration, orchestration, business process automation, and business rules management.

 

Sample Customers

BNB Bank, National Commercial Bank Jamaica, United Bank, Tokio Marine HCC
Partners FCU, Banco Bolivariano, PSECU, CFG Bank, Commerce Bank
Buyer's Guide
Low-Code Development Platforms
October 2024
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