GENEVA, Switzerland–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software program firm, as we speak introduced the combination of Taurus SA (“Taurus”), the Swiss digital asset and blockchain infrastructure fintech, with Temenos Transact, the following era core banking software program. Following a radical panorama evaluation and analysis course of, Temenos chosen Taurus as a accomplice to ship simplified entry to digital belongings for its banking purchasers.
Taurus not too long ago obtained a securities agency license from the Swiss Monetary Market Supervisory Authority (FINMA) to function the primary impartial regulated market for digital belongings on the planet. The fintech is uniquely in a position to cowl cryptocurrencies together with Staking and Decentralized Finance (DeFi), any kind of tokenized belongings on any commonplace together with issuance and full-lifecycle administration, and digital currencies – all inside the similar platform.
Alexandre Duret, Product Director at Temenos, mentioned: “We consider that digital belongings symbolize new alternatives for banks and wealth managers. Buyers are more and more conscious of the efficiency of cryptocurrencies, which may successfully take part within the diversification of a portfolio. However different purposes of blockchain expertise, corresponding to tokenized securities have the potential to rework the worth chain with easier issuance procedures, higher liquidity and real-time settlement. Taurus is main the sphere in cryptography and blockchain expertise. By becoming a member of forces, we may help banks to bridge the hole between conventional investments and digital belongings.”
Taurus’ expertise is obtainable to Temenos’ purchasers by means of Temenos MarketPlace, a curated neighborhood of best-in-class fintech options that complement Temenos software program. Taurus brings the potential to combine and seamlessly handle any digital asset, whether or not conventional securities, money or digital belongings, by means of its full suite of merchandise: Taurus-CAPITAL (tokenization and lifecycle administration), Taurus-PROTECT (scorching, heat, chilly digital asset custody), and Taurus-EXPLORER (API-based blockchain connectivity to greater than 10 blockchain protocols).
This collaboration permits banks to not solely present custody to a variety of digital belongings but in addition additional innovate by creating tokenized merchandise of their alternative. Relying on their enterprise mannequin and regulatory framework, banks may even be capable to create, handle and repair a variety of tokenized belongings leveraging Taurus-CAPITAL and Taurus-PROTECT functionalities.
Sébastien Dessimoz, Managing Companion at Taurus, added: “Digital belongings symbolize a serious shift within the business and we see an acceleration in demand since 2020. We’re happy to collaborate with Temenos, the world-leading banking software program, and be capable to make obtainable our expertise to Temenos’ shopper base of greater than 3,000 banks and monetary establishments worldwide. Taurus end-to-end platform will enable Temenos purchasers to handle any digital asset and create merchandise in a few clicks.”
Temenos MarketPlace is a accomplice ecosystem of over 50 best-in-class fintech options, enabling Temenos’ purchasers to innovate quick, differentiate, and in the end ship a greater banking expertise for purchasers. MarketPlace options are pre-integrated for speedy implementation and time-to-value.
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Temenos AG (SIX: TEMN) is the world’s chief in banking software program. Over 3,000 banks throughout the globe, together with 41 of the highest 50 banks, depend on Temenos to course of each the every day transactions and shopper interactions of greater than 1.2 billion banking clients. Temenos presents cloud-native, cloud-agnostic and AI-driven entrance workplace, core banking, funds and fund administration software program enabling banks to ship frictionless, omnichannel buyer experiences and achieve operational excellence.
Temenos software program is confirmed to allow its top-performing purchasers to realize cost-income ratios of 26.8% half the business common and returns on fairness of 29%, thrice the business common. These purchasers additionally make investments 51% of their IT price range on progress and innovation versus upkeep, which is double the business common, proving the banks’ IT funding is including tangible worth to their enterprise.
For extra data, please go to www.temenos.com.
About Taurus SA
Taurus SA was based in April 2018 in Geneva, Switzerland, specialising in digital belongings and blockchain. Taurus was based by senior executives with a background in banking, regulatory, IT and cyber safety. Taurus presents enterprise-grade market infrastructure options for digital belongings in addition to different monetary providers to its purchasers. It’s a chief in Europe and Switzerland. Taurus options are in manufacturing and entrusted with the complete spectrum of banks: systemic banks, funding banks, non-public banks, retail/digital banks, crypto-banks, buying and selling venues. On the time of writing, a couple of financial institution out of two that has entered the house in Switzerland run on Taurus.
For extra data, please go to www.taurushq.com.