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Temenos Quantum vs WaveMaker comparison

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Comparison Buyer's Guide

Executive SummaryUpdated on Sep 18, 2024

Review summaries and opinions

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

Categories and Ranking

Temenos Quantum
Ranking in Rapid Application Development Software
27th
Ranking in Low-Code Development Platforms
25th
Average Rating
7.2
Reviews Sentiment
6.7
Number of Reviews
15
Ranking in other categories
Mobile App Platforms (3rd), Mobile Development Platforms (7th)
WaveMaker
Ranking in Rapid Application Development Software
29th
Ranking in Low-Code Development Platforms
31st
Average Rating
8.0
Reviews Sentiment
6.4
Number of Reviews
4
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2026, in the Rapid Application Development Software category, the mindshare of Temenos Quantum is 1.6%, up from 0.7% compared to the previous year. The mindshare of WaveMaker is 1.3%, up from 0.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Rapid Application Development Software Mindshare Distribution
ProductMindshare (%)
Temenos Quantum1.6%
WaveMaker1.3%
Other97.1%
Rapid Application Development Software
 

Featured Reviews

Saad Zia Soomro - PeerSpot reviewer
Software Engineer at Systems Limited
Enhancing banking with robust security but lacking in comprehensive support
When it comes to their support team, my experience hasn't been particularly positive. We've had numerous interactions with them, and a lot of issues have arisen during these encounters. Most of the time, the support team has been unable to provide guidance or in-depth knowledge about their own product and it seems that the development team, the core team, understands the product far better than the support team.
it_user576294 - PeerSpot reviewer
Business Software Developer at a tech services company
This is a RAD tool to build business apps, tables, and forms.
It needs a desktop version for developers with license type CE. I would like to have the possibility to have a CE that lets me migrate from SQL Server Express, Access, and OpenOffice Base and keep all UI front-end development in just one system. In short, the 6.7 was good enough. The question is: Will there always be a desktop version CE that will let me work with, for example, five users for free, and then start to pay from user six, or in my case, three users? Right now, I do not see WaveMaker in this field, and there are others points to ask for from a desktop.

Quotes from Members

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

Pros

"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."
"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."
"The visualizer and API manager are super useful. It's easy to create applications for the agent. Automations and other complex tasks can be hard, but it's mostly straightforward. You can create forms and populate tables."
"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."
"I like the complete, professional social site."
"The main benefit lies in its exceptional speed of implementation."
"It is a Rapid Application Development (RAD) tool to build business apps that lets you work with many diverse data stores and build tables and forms easily."
 

Cons

"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."
"One area where Temenos Quantum could improve is in the flexibility of widgets and additional libraries."
"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."
"There are many issues when integrating with native sides when building an Android application of the retail accelerator or an iOS application of the retail actuator. We have to incorporate on the native side of things, which creates a lot of issues. Temenos Quantum is a proprietary product and not open source. There is not much information available on the internet for developers to reference when solving issues. You have to contact the help desk, who will then give you an appointment and work to resolve the issue. In terms of what Temenos can do better, they can make the product more mature so that we do not encounter as many black holes when encountering an issue."
"There is definitely room for improvement, especially in the areas of AI, AR, and DR for mobile and web applications"
"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."
"When developing our application, we also encountered certain issues related to delays and time-consuming builds."
"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."
"It needs a desktop version for developers with license type CE."
 

Pricing and Cost Advice

"​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​"
"This is an expensive solution, and it is the biggest challenge that we face when we present this platform to customers."
"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."
"It is expensive solution."
"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."
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Top Industries

By visitors reading reviews
Financial Services Firm
18%
Outsourcing Company
11%
Comms Service Provider
9%
Manufacturing Company
8%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business4
Midsize Enterprise2
Large Enterprise10
No data available
 

Also Known As

KonyOne, Kony, Kony Quantum
Pramati
 

Overview

 

Sample Customers

Partners FCU, Banco Bolivariano, PSECU, CFG Bank, Commerce Bank
Vanenburg, Flanagan
Find out what your peers are saying about Microsoft, Oracle, Unqork and others in Rapid Application Development Software. Updated: October 2026.
920,769 professionals have used our research since 2012.