Temenos welcomes new Swiss blockchain FinTech partner- Taurus

By Megha Bhattacharya

Temenos today announced the integration of Taurus SA with Temenos Transact. Taurus, a Swiss digital asset and blockchain infrastructure FinTech, was selected to deliver simplified access to digital assets for its banking clients. Taurus’ technology is available to Temenos’ clients through Temenos MarketPlace.

Alexandre Duret, Product Director at Temenos, said, “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.”

According to the FinTech, it will bring the capability to integrate and manage any digital asset through its full suite of products including Taurus-CAPITAL (tokenization and lifecycle management), Taurus-PROTECT (hot, warm, cold digital asset custody), and Taurus-EXPLORER (API-based blockchain connectivity to more than 10 blockchain protocols). Banks will also be able to create, manage and service a wide range of tokenized assets leveraging Taurus-CAPITAL and Taurus-PROTECT functionalities.

Sébastien Dessimoz, Managing Partner at Taurus, added, “Digital assets represent a major shift in the industry and we see an acceleration in demand since 2020. We are pleased to collaborate with Temenos, the world-leading banking software, and be able to make available our technology to Temenos’ client base of more than 3,000 banks and financial institutions worldwide. Taurus end-to-end platform will allow Temenos clients to manage any digital asset and create products in a couple of clicks.”

Recently, Temenos announced that Eurobank in Greece has selected Temenos Wealth to strengthen its position in wealth management and affluent segment services. The Bank will create a fully digital investment portfolio management service offering Robo-Advisor and Goal-Based Investing apps to target the mass affluent and affluent market. With the Temenos solution, Eurobank will combine a back-office and product-building engine with modern omnichannel customer experiences powered by AI to meet the segments’ high expectations.