Swiss banking technology firm Temenos has partnered with digital asset platform Taurus to integrate the latter’s digital asset infrastructure into Temenos’ platform.
Established in 1993, Temenos provides banking systems to retail, corporate, universal, private, treasury, fund administration, Islamic, microfinance and community banks with its cloud-native, cloud-agnostic, AI and API-first technology. The company has a market capitalisation of $9.84bn.
Taurus markets a digital asset platform that covers digital currencies, cryptocurrencies and tokenised assets. The company offers Taurus-CAPITAL for tokenisation and lifestyle management, Taurus-PROTECT for hot, warm and cold digital asset custody and Taurus-EXPLORER for API-based blockchain connectivity to over 10 blockchain protocols.
Through the partnership, Temenos will integrate Taurus’ digital asset and blockchain infrastructure with Temenos Transact, which is the core banking software of Temenos.
Following the integration, Temenos’ 3,000 bank and financial institution clients worldwide will gain access to a wide range of digital assets. Taurus will allow the clients to integrate and manage any digital asset, cash and traditional securities.
Temenos will also add Taurus’ tools to the Temenos Marketplace, which is a partner ecosystem of over 50 FinTech solutions.
Temenos product director Alexandre Duret said, “Investors are increasingly aware of the performance of cryptocurrencies, which can effectively participate in the diversification of a portfolio. 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.”
Earlier this year, Temenos teamed up with Canadian Western Bank to support SMEs with financial decision-making and scaling their businesses. The new solution – named Temenos Virtual COO – aims to provide SMEs with a virtual chief operating officer.
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