Friday, 20 December 2024

Taurus and Temenos Offer Banks Fast Track to Roll Out Digital Asset Services

by BD Banks

Taurus, a Swiss fintech specialising in enterprise-grade digital asset infrastructure for banks, has strengthened its partnership with global banking software company Temenos.

The collaboration fully integrates Taurus’s custody solution, Taurus-PROTECT, into the Temenos Core banking system.

This enables banks to manage a wide range of digital assets, including cryptocurrencies and tokenised assets, seamlessly within their existing infrastructure.

The partnership comes as global demand for digital assets accelerates, driven by clearer regulatory frameworks in key financial markets.

Major custodians and asset managers have entered the digital asset space, many of them leveraging Taurus’ technology, further institutionalising the industry.

By embedding Taurus-PROTECT into Temenos Core, the integration automates key processes such as wallet creation, deposits, and transfers.

It eliminates the need for complex integrations, reducing manual work and operational risks while ensuring real-time booking and reconciliation of digital asset transactions alongside traditional assets.

This integration enables banks to launch digital asset services within a “matter of days or weeks”, significantly reducing time to market.

Alexandre Duret

Alexandre Duret, Senior Product Director at Temenos, said,

“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.”

Jürgen Hofbauer
Jürgen Hofbauer

Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, added,

“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.”

Featured image credit: Edited from Freepik

The post Taurus and Temenos Offer Banks Fast Track to Roll Out Digital Asset Services appeared first on Fintech Singapore.

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