Temenos, a Swiss banking technology firm, has partnered with Taurus, a leading digital asset infrastructure provider, to enable banks to launch full-scale digital asset services in a matter of days.
This integration empowers financial institutions to manage crypto wallets, custody, transfer digital assets, and handle tokenized assets seamlessly within Temenos’ core banking software.
A Unified Platform for Traditional and Digital Finance
Founded in 2018, Taurus specializes in enterprise-grade digital asset infrastructure, offering solutions for cryptocurrencies, tokenized assets, NFTs, and digital currencies. Its roster of supporters includes prominent institutions such as Deutsche Bank, State Street, and Credit Suisse Pictet.
With the integration, Temenos clients gain access to this advanced infrastructure, streamlining the deployment of digital asset services alongside traditional banking products.
Alexandre Duret, senior product director at Temenos, highlights the simplicity and efficiency:
“This deep integration with Taurus provides banks with the infrastructure needed to quickly and efficiently launch digital asset services. By providing a fully integrated system, we’re enabling our customers to offer digital assets alongside their traditional services, reducing complexity and lowering the barriers to entry.”
Features and Benefits of the Integration
The integration includes:
- Real-Time Operations: Transactions for digital assets are booked directly in Temenos‘ core banking system, ensuring instant reconciliation.
- Comprehensive Custody: Supports public and private Distributed Ledger Technologies (DLTs), facilitating secure custody of all types of digital assets.
- Seamless Management: Automated processes for wallet creation, deposits, transfers, and withdrawals, with one-click wallet and address generation.
- Rapid Deployment: Financial institutions can now launch services within days or weeks, at a significantly lower cost than traditional solutions.
Jürgen Hofbauer, head of global strategic partnerships at Taurus, describes the integration as transformative:
“This level of integration is a game-changer for financial institutions. It empowers banks to manage digital assets just like any other asset, reducing complexity while opening new avenues for growth. We look forward to launching together with Temenos many more features for our common clients.”
A New Era in Banking
This collaboration underscores the growing demand for digital asset capabilities in the banking sector. By eliminating barriers such as complexity and time-to-market, Temenos and Taurus are making digital assets more accessible, enabling banks to explore new growth opportunities in the rapidly evolving financial landscape.