Temenos Announces Integration of Swiss Digital Asset & Blockchain Infrastructure Fintech Taurus With Core Banking Software Temenos Transact

 

 

 

Temenos (SIX: TEMN), the banking software company, announced on Monday the integration of Taurus SA (“Taurus”), the Swiss digital asset and blockchain infrastructure fintech, with Temenos Transact, a next-generation core banking software. Temenos reported it collaborated with Taurus to deliver “simplified” access to digital assets for its banking clients.

According to Temenos, Taurus recently received a securities firm license from the Swiss Financial Market Supervisory Authority (FINMA) to operate the first independent regulated marketplace for digital assets in the world.  Temenos observed:

“The fintech is uniquely able to cover cryptocurrencies including Staking and Decentralized Finance (DeFi), any type of tokenized assets on any standard including issuance and full-lifecycle management, and digital currencies – all within the same platform.”

While sharing more details about the partnership, Alexandre Duret, Product Director at Temenos, stated:

“We believe that digital assets represent new opportunities for banks and wealth managers. Investors are increasingly aware of the performance of cryptocurrencies, which can effectively participate in the diversification of a portfolio. But other applications of blockchain technology, such as tokenized securities have the potential to transform the value chain with simpler issuance procedures, greater liquidity and real-time settlement. Taurus is leading the field in cryptography and blockchain technology. By joining forces, we can help banks to bridge the gap between traditional investments and digital assets.”

Temenos further revealed that Taurus’ technology is available to its clients through Temenos MarketPlace, which is described as a curated community of fintech solutions that complement Temenos software.

Sponsored Links by DQ Promote


 

Send this to a friend