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Use Transact Data Hub to build AI-driven Digital Banking Applications

Transact Data Hub delivers a real-time data platform fully integrated and embedded within the world's leading core banking product.

Multiple essential data capabilities are critical for modern banks looking to fully leverage the power of the data held within the core banking platform. Out-of-the-box, real-time data streaming, highly performant data engineering, and purpose-built data stores provide banks with the highest quality data to power reporting, analytics, internal data systems, and AI-driven digital banking applications.

Transact Data Hub is a next-generation data management product explicitly built for Temenos Transact. Transact Data Hub supports deployment to all significant clouds, leverages multiple underlying database platforms, and can be deployed in as little as 30 days.

It includes four main integrated modules:

  • Streaming of Data Events

  • Data Engineering

  • Operational Data Store

  • Snapshot Data Store

Using the Transact Data Hub

Transact Data Hub (TDH) is the embedded data platform for Temenos Transact core banking. Temenos Data Hub delivers out-of-the-box data streaming, integration, preparation, and optimization of data held within Transact to power data integration, reporting, analytics, and AI-driven banking applications. Transact Data Hub is fully integrated with Temenos Transact and ships with out-of-the-box data streams, data integrations, data models, and APIs.

There are various interesting use cases we can explore using TDH.

For example, consider the following scenario: you want to create a marketplace application to provide a consolidated view of all Transact customer expenditures over a specified period. This consolidation will further classify and show the customer in which categories they have spent their cash for the fixed duration.

Other details about TDH

  • TDH is available in R12. From R16 and above, it uses DES to feed TDH; for R12 to R15, it uses DW Online to provide data to TDH.

  • As part of the new L3 extensibility framework, we will use a virtual table microservice for local customization, where new customer tables will be built. If the tables defined in Transact have the appropriate standard selection and are within the supported table types, then the table can be configured in TDH for replication.

  • With the extensibility framework, we are supposed to create local tables in microservices. In TDH, to generate reports using the local table, it follows the supported table types in Transact and contains the appropriate Standard selection.

  • The data from Transact can only be pushed into TDH today. And this has to be published via DES. You will need the TDL Temenos Data Lake product to integrate any other data. The scope of the Transact Data Hub is only to curate Transact Data.

  • Temenos' policy is to use MS whenever simple querying on a single table is required. However, we will use the TDH semantic query layer, where you must perform complex multi-table queries.

  • TDH has record count-based reconciliation for the narratives pushed from DES until they reach the operational or snapshot data store. Also, we have a business reconciliation between the data in Transact and TDH. Further, we are also developing RECID-based reconciliation, which will be part of the product in the future.

Don't hesitate to contact our team anytime if you want to integrate TDH and realize your banking data's full potential.

Keep up the great work! Happy Performance Engineering!

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