- Temenos banking software integrates with Taurus to streamline digital asset services.
- The move enables banks to launch crypto services “within days.”
What happened: Taurus integration accelerates service launch
Temenos, a leader in banking software, has announced the integration of its platform with Taurus, a blockchain technology company specializing in digital asset solutions. This strategic integration significantly reduces the time required for Temenos banks to launch digital asset services, with the ability to go live “within days.” The collaboration allows financial institutions using Temenos’ software to quickly embrace the growing demand for digital currencies and related services, enhancing their competitive edge in the rapidly evolving fintech landscape. By streamlining the process of onboarding digital asset services, Temenos and Taurus are making it easier for banks to offer cryptocurrency trading, custody, and other services to their clients.
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Why it is important
This integration is a significant milestone in the financial technology sector, particularly as the demand for digital assets and cryptocurrencies continues to grow. By reducing the time to market for digital asset services, Temenos and Taurus are not only facilitating faster access to these services for end customers but also providing banks with a competitive advantage. The integration is crucial for banks looking to expand their service offerings to meet the increasing interest in cryptocurrencies, without the need for extensive development and deployment timelines. This move also reflects the growing acceptance and integration of digital assets into traditional financial services, signaling a shift towards a more inclusive and diverse financial ecosystem. For customers, this means faster access to a broader range of financial services, including those related to the burgeoning world of cryptocurrencies.
