Financial software provider Temenos is giving its more than 3,000 client banks across the globe the ability to offer crypto features to their customers by adding products from Taurus, a fintech that offers crypto and blockchain services. Three of Taurus’ services are being integrated with Temenos MarketPlace, a product suite that makes third-party fintechs’ services available to banks.
The Switzerland-based financial software provider is offering multiple digital asset features to clients, which marks the latest example of banking software vendors adding crypto capabilities.
The interest in crypto trading among banking tech vendors stands in contrast to relative quiet from big banks. The FIS and Temenos offerings underscore how smaller established banks will be able to embrace crypto, but stand in contrast to big retail banks, which are currently hesitant to ride the crypto wave. While the giants are holding back, vendors’ growing interest in offering crypto capabilities to their clients means that smaller banks could be better positioned to cater to customers interested in crypto, giving them a competitive advantage over their bigger counterparts.