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Temenos Quantum Reviews

Vendor: Temenos
3.6 out of 5
749 followers
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What is Temenos Quantum?

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.

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Temenos Quantum is the #3 ranked solution in top Mobile App Platforms, #9 ranked solution in top Mobile Development Platforms, #16 ranked solution in top Low-Code Development Platforms, and #19 ranked solution in top Rapid Application Development Software. PeerSpot users give Temenos Quantum an average rating of 7.2 out of 10. Based on the analysis of the 15 most recent Temenos Quantum reviews, the overall sentiment is positive, with a sentiment score of 7.3. (Among the highest in the category). Temenos Quantum is most commonly compared to Android SDK: Temenos Quantum vs Android SDK. Temenos Quantum is popular among the large enterprise segment, accounting for 71% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a financial services firm, accounting for 40% of all views.
Buyer's Guide
Temenos Quantum
October 2024
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Helped 816,406 peers since 2012

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Temenos Quantum mindshare

Product category:
Mobile App Platforms
As of November 2024, the mindshare of Temenos Quantum in the Mobile App Platforms category stands at 2.3%, down from 2.6% compared to the previous year, according to calculations based on PeerSpot user engagement data.
Mobile App Platforms
 
 
Key learnings from peers

Valuable Features

Temenos Quantum's most valuable features include user-friendliness, customizability, reusability of components, end-to-end integrations, mobile connectivity, offline capabilities, and push notifications. Its security and robustness make it ideal for hybrid platforms. Quantum Fabric simplifies integration, handling identity, authentication, and security. Businesses find it convenient for both web and mobile development needs, with core functionalities like trial and payment management preconfigured.
  • "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."
  • "We can use a single channel to create an interface for iOS, Android, and other channels."
  • "Its greatest advantage lies in its exceptional security and robustness."

Room for Improvement

Temenos Quantum needs improvement in security, interface technology, and API management. Users find it complicated, requiring extensive coding skills and mobile app programming knowledge. Integration with native Android and iOS apps poses challenges. The community support and available resources are inadequate, leading to dependency on Temenos support, which can be slow. Stability, widget flexibility, and QR payment support are lacking. Usability and UI customization need enhancement, as do AI, AR, and DR technologies.
  • "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."
  • "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."
  • "When developing our application, we also encountered certain issues related to delays and time-consuming builds."

ROI

Temenos Quantum significantly streamlined workflow processes and increased productivity for multiple companies, leading to reduced operational costs. The platform's advanced features enabled faster deployment of applications, resulting in quicker time-to-market and higher user engagement. Businesses experienced enhanced performance and scalability, leading to improved customer satisfaction and retention rates. The platform provided a substantial return on investment through its robust capabilities, making it a highly valuable asset for various organizations.

Pricing

Temenos Quantum pricing varies significantly. Some users find it affordable, paying around $70,000, while others see it as expensive, quoting costs from $300,000 to $500,000 for a single banking application. Clients must pay an initial purchase fee and annual renewal fees, which depend on the product details and license term length. Licenses can be bought for five or ten years upfront or opted for on a yearly renewal cycle. Usage also influences the final price.
  • "It is expensive solution."
  • "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."
  • "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."

Popular Use Cases

Temenos Quantum is primarily used for banking operations, custom application development, internet banking, hybrid mobile app creation, core banking solutions, and middleware support. Users build B2B and B2C applications, register new companies, manage transactions, create user interfaces, and integrate Microsoft Dynamics. Temenos offers prebuilt mobile application templates for retail customers and facilitates loan origination, user onboarding, and digital channels. It is also used for developing applications in the Middle East and visualizing data.

Service and Support

Temenos Quantum offers help primarily through a ticketing system with mixed responsiveness. Some find it effective, scheduling calls, and receiving quick resolutions, while others experience slow response times and insufficient guidance. Ratings range from five to eight out of ten. Some are satisfied with the portal's efficiency, whereas others encounter issues with support team knowledge. The stable platform reduces the need for frequent assistance.

Deployment

Users find Temenos Quantum's initial setup to vary in complexity. Experienced users rate it highly for ease, while novices may struggle. Deployment time ranges from hours to days, depending on requirements and data migration. Cloud setups are described as straightforward, requiring Java and Android SDK, while on-premises setups may involve more steps. Some report occasional issues, especially with new features, and microservices installation is noted as particularly challenging.

Scalability

Temenos Quantum is often noted for its good scalability, especially with microservices and customizable database options. Users appreciate the ability to add servers and environments for increased loads. However, some find it less natively scalable and suggest the need for additional plugins. It's praised for being scalable compared to frameworks like Flutter or React, though complexity can affect performance. Despite varying opinions, it's used by many across different regions and company sizes.

Stability

Temenos Quantum is considered stable by users, with many highlighting its consistent performance when deployment steps are properly followed. Regular updates and fixes contribute to its reliability. Users note significant improvements over time, though some suggest there is still room for enhancement, particularly in front-end and individual implementations. It performs well across different environments, including Azure, and accommodates multiple users effectively. Stability has been rated highly with few significant complaints.
These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.
Download our Temenos Quantum Buyer's Guide for additional reliable information.

Review data by company size

By reviewers
By visitors reading reviews

Top industries

By visitors reading reviews
Financial Services Firm
40%
Computer Software Company
17%
Government
6%
Healthcare Company
5%
Real Estate/Law Firm
5%
Pharma/Biotech Company
4%
Construction Company
4%
Educational Organization
4%
Logistics Company
3%
Wholesaler/Distributor
3%
Manufacturing Company
1%
Energy/Utilities Company
1%
Insurance Company
1%
Comms Service Provider
1%
Media Company
1%
Recreational Facilities/Services Company
1%
Retailer
1%
University
1%

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Learn more about Temenos Quantum

Temenos Quantum was previously known as KonyOne, Kony, Kony Quantum.

Temenos Quantum customers

Partners FCU, Banco Bolivariano, PSECU, CFG Bank, Commerce Bank

Related questions

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When evaluating Mobile App Platforms, what aspect do you think is the most important to look for?

Product Categories

Product Categories
Mobile App Platforms
Mobile Development Platforms
Rapid Application Development Software
Low-Code Development Platforms

Popular Comparisons

Popular Comparisons
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Android SDK vs Temenos Quantum
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