Taurus has been collaborating throughout 2019 with Arab Bank Switzerland to integrate TAURUS-PROTECTTM with the Bank’s infrastructure. In addition to technological and security aspects, the Taurus team has also been involved in architecting and implementing, together with Arab Bank experts, the Bank’s digital assets target operating model, including necessary business, regulatory, risk, and operational policies and procedures.
Sébastien Dessimoz, co-founder of Taurus Group SA: “The go-live at Arab Bank Switzerland represents an important milestone for the Geneva financial center. I am very proud of our Taurus team which proved again that we master technology and security, as well as all required financial services and regulatory dimensions needed to build a banking-grade, compliant, digital assets offering.”
Rani Jabban, Member of Arab Bank Switzerland Executive Committee: “Entering the digital assets space was a strategic decision for Arab Bank Switzerland. We have now a fully compliant and scalable infrastructure that we will use to provide institutional-grade digital assets services to our clients in complement to our traditional wealth management, asset management and credit solutions. We identified Taurus Group as the go-to partner to build our new offering and look forward to continuing our collaboration.”
TAURUS-PROTECTTM is an on-premise cold storage solution that uses FIPS 140- 2 level 3 certified hardware security modules (HSMs), some of the most secure hardware in the world. It has been developed internally by Taurus and is the leading solution in Switzerland. Elca, the leading independent Swiss IT company, acted as Taurus’ integration partner.