Large renowned financial players continue to rely on startup technologies to advance their offerings. Taurus has enabled Credit Suisse to roll out its digital asset strategy with NFTs issued by the Swiss Football Association; Conercard is relying on Rivero’s platform for its compliance needs. Peer-to-peer lending platform Loanbox has remained on its revenue growth trajectory thanks to the continued support of its customers.
Taurus, Europe’s leading digital asset infrastructure provider, entered a strategic partnership with Credit Suisse to develop an extensive digital asset platform for the Swiss market. Credit Suisse leverages Taurus-CAPITAL for the issuance and lifecycle management of the Swiss Football Association NFTs (Non-Fungible Tokens) of digital art portraits of Swiss women’s national team players and Taurus-PROTECT for the secure storage of the NFTs. The bank also uses Taurus’ blockchain node infrastructure Taurus-EXPLORER, which provides a unified API and reliable broadcasting algorithms to interface securely with blockchain networks. Through Taurus’ capabilities, the NFTs have been deployed on the Ethereum blockchain network and are seamlessly available to Swiss-domiciled CSX clients. Through its partnership with Taurus, Credit Suisse will continue to jointly develop digital asset use cases and offer clients solutions which also go beyond traditional banking services.
Lamine Brahimi, Co-Founder and Managing Partner of Taurus: “After tokenized equity in 2021 and structured products in 2022, we are pleased to support Credit Suisse's roll-out of its digital asset strategy now with NFTs issued by the Swiss Football Association, making Credit Suisse a leader in Europe in the digital asset space. This collaboration also showcases the breadth and depth of Taurus’ product suite and its ability to manage various financial instruments with zero lines of code.”
Rivero onboards Conercard
Swiss Bank CornerCard, a leading issuer of Visa, Mastercard® and Diners Club payment cards in Switzerland, is leveraging Rivero’s SaaS card scheme compliance platform, Kajo, to digitalise its compliance processing requirements and to make it easier to scale with guaranteed quality control for all its compliance needs. Kajo by Rivero, is the world’s only solution designed for and tailored to the scheme licence compliance management. By fully digitalising and automating the administrative part of the process, Kajo will support Cornèrcard to drastically reduce the time and resources needed to stay compliant with changing rules and requirements of payment networks.
Loanboox doubles revenues
Founded six years ago, Loanboox is a provider of debt financing and management solutions in 12 countries, with 3000 transactions closed via the platform. In the first half of 2023, the startup has had encouraging growth in its business segments Public Finance, Real Estate Finance and Software-as-a-Service (SaaS), with a total of CHF 2 billion in financing concluded through Loanboox- The fintech thus doubled its revenue compared to the same period last year. Since the beginning of 2022, Loanboox has also been active in the Software-as-a-Service segment, offering customers white label solutions that enable efficient sourcing and management of debt capital. Companies, including Refolio Real Estate AG use the software.
The company will continue its journey under new management with Urs Meier, already a member of the Executive Board, as the new CEO of Loanboox.
(Press release/RAN)
Photo: Credit Suisse
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