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What You’ll Learn 📘

Fundamental Concepts

• 💰 Overview of Transactions: Learn the core principles of financial transactions in banking.
• 🔄 Funds Transfer Application: Understand the flow of money transfers within T24.

Transaction Types & Fees

• 🧩 Transaction Types: Explore the variety of transactions processed in the T24 system.
• 💵 Transaction Fees: Discover the role and importance of fees in funds transfers.

Accounting Insights

• 📈 Accounting Entries: Master how to query accounting entries for all transaction types.
• ⏳ Backdate and Forward Accounting: Learn to handle transactions with past or future effective dates.
• 🔒 Preventing Duplicate Transactions: Understand techniques to ensure transaction uniqueness.

Requirements 🎓

• Basic Core Banking Knowledge: Familiarity with customer accounts and financial transactions.
• Prior T24 Exposure: Experience with Temenos Transact (T24) is recommended.
• Accounting Principles: Basic understanding of debits, credits, and balancing.

Course Description

Welcome to Temenos Transact (T24) Funds Transfer! 🌍
This course offers an in-depth look into one of core banking's key functions: funds transfer within Temenos T24, a globally recognized core banking solution. Designed for banking professionals, finance specialists, and students, this course covers everything from transaction basics to advanced accounting for backdated and forward transactions. You’ll gain essential skills for working within T24, understanding how funds are processed, fees calculated, and entries recorded for seamless banking operations.

Course Modules

• Overview of Transactions 💼
  Grasp the general principles of financial transactions crucial for any banking environment.

• Funds Transfer Application 💸
  Learn how money transfers are processed and recorded in T24.

• Transaction Types 🔢
  Explore the variety of transaction types to meet diverse banking needs.

• Transaction Fees 💰
  Understand service fees and how they generate revenue for banking services.

• Accounting Entries 📊
  Learn how to accurately query and balance accounting entries for different transactions.

• Backdate and Forward Accounting 🗓️
  Discover how to process transactions with past or future dates accurately.

• Preventing Duplicate Transactions 🚫
  Explore strategies to avoid duplicate transactions, ensuring integrity in transaction processing.

Key Features 🛠️

• 🔍 In-Depth Transaction Analysis: Detailed breakdown of each transaction type within T24.
• 💼 Practical Use Cases: Apply concepts with examples in real banking contexts.
• 📊 Hands-On Activities: Engage in activities to solidify your understanding of accounting entries.
• 💡 Advanced Insights: Learn techniques like backdate and forward accounting for complex banking needs.

Who This Course is For

• Banking Professionals: Enhance your core banking skills with T24 expertise.
• Aspiring Core Banking Specialists: Build a solid foundation in funds transfer management.
• Finance & Accounting Professionals: Broaden your knowledge of transaction processing.
• Students & Fresh Graduates: Kickstart your career in banking, finance, or financial technology with T24 skills.