name: Temenos Vocabulary description: Domain vocabulary and taxonomy for the Temenos banking and financial services platform, covering core banking, payments, wealth management, compliance, and digital banking concepts. version: "1.0.0" created: "2026-05-03" modified: "2026-05-03" domains: - name: Core Banking description: Fundamental banking concepts relating to accounts, customers, transactions, and products terms: - term: Account Arrangement definition: A contractual banking relationship between a customer and the bank defining account type, product, terms, and conditions. Temenos refers to accounts as arrangements to reflect their modular configuration. synonyms: [Account, Banking Account, Current Account, Savings Account] tags: [Accounts, Core Banking] - term: Holdings definition: The category of Temenos Transact APIs covering account balances, positions, deposits, loans, and financial holdings. Maps to the /holdings path prefix. synonyms: [Account Holdings, Financial Holdings] tags: [Accounts, Core Banking] - term: Party definition: The Temenos Transact API category for customer and counterparty management. Covers customers, beneficiaries, and related entities. Maps to the /party path prefix. synonyms: [Customer, Counterparty] tags: [Customers, Core Banking] - term: Bundle Arrangement definition: A packaged product offering combining multiple banking products and services under a single contract or relationship. Used for premium accounts, combined loans, or package deals. synonyms: [Package, Product Bundle] tags: [Products, Core Banking] - term: Modular Architecture definition: Temenos T24/Transact design principle where banking products are assembled from reusable business components rather than monolithic configurations. tags: [Architecture, Core Banking] - name: Payments description: Payment processing, clearing, and settlement concepts terms: - term: Payment Order definition: An instruction to transfer funds from a debit account to a beneficiary. Supports SEPA, SWIFT, domestic, and internal transfer types. synonyms: [Transfer, Wire, Payment Instruction] tags: [Payments] - term: SEPA Credit Transfer definition: Single Euro Payments Area credit transfer for euro-denominated payments between European accounts. The standard payment rail within the EU/EEA using IBAN and BIC. abbreviation: SCT synonyms: [SEPA Payment, SCT] tags: [Payments, SEPA] - term: Instant SEPA definition: SEPA Instant Credit Transfer (SCT Inst) providing near-real-time payment execution within the EU, typically completing in under 10 seconds. abbreviation: SCT Inst synonyms: [Instant Payment, Real-Time Payment] tags: [Payments, SEPA, Real-Time] - term: Standing Order definition: A pre-authorized recurring payment instruction to transfer a fixed amount at regular intervals (weekly, monthly, etc.). synonyms: [Recurring Payment, Automated Transfer] tags: [Payments] - term: Direct Debit definition: A payment collection method where the payee initiates transfers from the payer's account based on a pre-authorized mandate. SEPA Direct Debit (SDD) is the European standard. abbreviation: DD, SDD synonyms: [Debit Collection, Pull Payment] tags: [Payments, SEPA] - term: Bulk Payment definition: A batch payment file containing multiple individual payment instructions processed together, typically used for payroll or supplier payments. synonyms: [Batch Payment, Bulk Transfer] tags: [Payments] - term: Request to Pay definition: A messaging layer allowing payees to request payment from payers, separating the payment request from the actual payment execution. Part of the SEPA RTP scheme. abbreviation: RTP synonyms: [Payment Request, RTP] tags: [Payments, Open Banking] - term: Payment Hub definition: The Temenos Payments Hub (TPH) — a centralized payment processing engine supporting multi-rail, multi-currency payment orchestration across SEPA, SWIFT, and domestic schemes. abbreviation: TPH tags: [Payments, Architecture] - term: Clearing Channel definition: The payment scheme or network used to settle a payment (e.g., SEPA, SWIFT, BACS, Faster Payments). synonyms: [Payment Scheme, Payment Rail] tags: [Payments] - name: Compliance And Risk description: Financial crime mitigation, regulatory compliance, and risk management concepts terms: - term: KYC definition: Know Your Customer — the regulatory process of verifying the identity, suitability, and risks of a customer. Includes identity verification, sanctions screening, and PEP checks. abbreviation: KYC synonyms: [Customer Due Diligence, Identity Verification] tags: [Compliance, KYC] - term: AML definition: Anti-Money Laundering — regulatory frameworks and controls designed to prevent criminals from concealing illegally obtained funds as legitimate income. abbreviation: AML synonyms: [Anti-Money Laundering, Money Laundering Prevention] tags: [Compliance, AML] - term: Sanctions Screening definition: The process of checking customers, transactions, and counterparties against government and international sanctions lists (OFAC, EU, UN) to prevent prohibited transactions. synonyms: [Watchlist Screening, OFAC Screening] tags: [Compliance, Sanctions] - term: PEP definition: Politically Exposed Person — an individual who is or has been entrusted with a prominent public function. PEPs require enhanced due diligence under AML regulations. abbreviation: PEP synonyms: [Politically Exposed Person] tags: [Compliance, KYC] - term: Risk Score definition: A numerical score assigned to a customer or transaction representing the level of money laundering or financial crime risk. Used to determine enhanced due diligence requirements. synonyms: [AML Risk Score, Customer Risk Rating] tags: [Compliance, Risk Management] - term: Transaction Monitoring definition: Automated system for analyzing banking transactions in real-time or batch mode to identify suspicious patterns indicative of money laundering, fraud, or other financial crime. synonyms: [AML Monitoring, Behavioral Monitoring] tags: [Compliance, AML] - term: FATCA definition: Foreign Account Tax Compliance Act — US legislation requiring foreign financial institutions to report US persons' financial accounts to the IRS. abbreviation: FATCA tags: [Compliance, Regulatory] - name: Wealth Management description: Investment portfolio, securities, and private banking concepts terms: - term: Portfolio definition: A collection of financial investments (stocks, bonds, funds, cash) held by an investor managed through the Temenos Wealth platform. synonyms: [Investment Portfolio, Fund Portfolio] tags: [Wealth Management, Portfolio] - term: Security Order definition: An instruction to buy or sell a financial instrument (equity, bond, ETF, derivative) within a portfolio. Routed through the Temenos Wealth trading platform. synonyms: [Trade Order, Investment Order] tags: [Wealth Management, Trading] - term: Multifonds definition: The Temenos fund administration platform providing fund accounting, transfer agency, and investor servicing for investment fund managers and administrators. tags: [Wealth Management, Fund Administration] - term: Portfolio Valuation definition: The current market value of all positions in a portfolio, calculated using latest security prices and foreign exchange rates. synonyms: [Portfolio Value, NAV, Mark-to-Market] tags: [Wealth Management, Valuation] - name: Digital Banking description: Omnichannel digital banking and customer experience concepts terms: - term: Infinity definition: The Temenos digital banking platform providing omnichannel experiences for retail and business banking customers across web, mobile, and branch channels. tags: [Digital Banking, Omnichannel] - term: Journey Manager definition: Temenos platform for designing and executing customer digital journeys including onboarding, loan applications, and service requests. Uses a form-based orchestration model. tags: [Digital Banking, Onboarding, Workflow] - term: Transact Fluent definition: The REST API layer of Temenos Journey Manager enabling integration of external systems with customer journey orchestration workflows. tags: [Digital Banking, API, Workflow] - term: Maestro API definition: Temenos Journey Manager orchestration API for controlling and managing long-running multi-step banking workflows. tags: [Digital Banking, Workflow] - name: Platform description: Infrastructure, cloud, and platform architecture concepts terms: - term: Temenos Banking Cloud definition: Temenos cloud-native SaaS delivery model for banking platforms, providing multi-tenant, elastic banking infrastructure with integrated API management. synonyms: [TBC, Banking Cloud] tags: [Cloud, Platform] - term: Analytics Data Store definition: High-performance near-real-time analytics database layer in Temenos Transact Data Hub, enabling intra-day analytics on banking data. abbreviation: ADS tags: [Analytics, Data Hub] - term: Operational Data Store definition: Operational database layer in Temenos Transact Data Hub providing current and historical banking data for reporting and operational analytics. abbreviation: ODS tags: [Analytics, Data Hub] - term: Transact Microservices definition: Cloud-native microservice APIs for Temenos Transact covering callback registry, event store, configuration management, user entitlements, and service orchestration. tags: [Microservices, Platform] - term: BNPL definition: Buy Now Pay Later — a consumer lending product embedded at point of sale allowing customers to pay in installments. Temenos BNPL uses explainable AI for credit decisioning. abbreviation: BNPL synonyms: [Buy Now Pay Later, Installment Lending] tags: [Lending, Consumer Finance] - term: CMB definition: Commercial and Country Model Bank — Temenos pre-packaged banking configurations for specific markets (UK, US, Australia, Canada, etc.) with pre-wired API integrations. abbreviation: CMB synonyms: [Country Model Bank, Cloud Banking] tags: [Platform, Commercial Banking]