Core banking integration with Taurus for enhanced digital asset servicing
With digital assets growing in popularity, customers are looking to their trusted financial institutions for secure access and safekeeping. With full integration to the Taurus-PROTECT digital asset platform, banks running Temenos are now well equipped to quickly offer a wide range of digital asset services.
The growing importance of digital asset services
Financial institutions are exploring digital asset custody and trading services, driven by growing demand from customers who seek secure and reliable ways to invest in and manage their digital assets. With the prospect of clearer and more favorable global regulatory frameworks, investors are seeking exposure to this new asset class to diversify portfolios. Furthermore, stablecoins are opening new ways for global customers to access and use hard currencies.
Providing such services can help banks attract a new generation of younger customers and prepare for support of broader tokenization use cases.
The Temenos digital asset solution
As part of the Temenos vision for the future of tokenized finance, the digital asset solution bridges the gap between core securities processing and blockchains. Powered by the Temenos technology platform and event-driven architecture, supporting composable scalability, the solution provides defined business flows across token, wallet, and transaction management for a complete digital asset custody and trade settlement solution.
About the Temenos – Taurus integration
To support the solution Temenos has integrated with Taurus, a member of the Temenos Exchange ecosystem and leading digital asset platform provider, offering enterprise-grade secure custody and blockchain infrastructure. Thanks to this ready-made integration, banks running the Temenos platform can now rapidly bring to market new innovative services for their customers.
Lamine Brahimi, Taurus co-founder and managing partner, said
this ready-built integration between Temenos and Taurus ensures the seamless launch of new digital asset services. Temenos banking clients can now quickly and securely support cryptocurrencies and tokenized securities”
Key features and benefits include:
- Fully automated data flows, such as tokenized asset creation, wallet management, and settlement, reducing operating costs and avoiding risky manual interventions
- Integration with Temenos Core securities processing: single click wallet and address creation seamlessly links blockchain wallets with client portfolios
- Automated transfers: automated deposit, transfer, and withdrawal management, supported through the banks’ risk and compliance processes
- Simplified operations, embedding digital assets capability into the banks’ existing securities workflows, such as for real-time position booking, fee management, reconciliation, and reporting
- Modern, event-driven, and API-based integration architecture
Conclusion
The Temenos digital asset solution, pre-integrated with Taurus, eliminates barriers to entry, allowing banks to launch full-scale digital asset services faster and at lower cost.
Digital assets are quickly becoming another facet of the global financial ecosystem. By providing access and safekeeping solutions, banks can meet the evolving needs of their customers, stay competitive, and pave the way for future growth in the digital age.
Learn more about Taurus here.