Temenos integrates with DLT-based CBDC technology stacks

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Temenos, a provider of core banking software, has been integrating with two DLT-based CBDC technology stacks to prepare for the future of digital currency.

Commercial banks must get ready for their roles as CBDC distributors, handling customer KYC, wallet opening, and offering on-off ramps to deposit accounts as central banks around the world nudge closer to developing their own digital currencies.

Temenos has taken action to demonstrate its readiness to assist banks by successfully executing end-to-end retail CBDC use cases for commercial bank touchpoints and ensuring integration of its platform with multiple DLT-based technology stacks. Temenos used a modified version of the Norgesbank CBDC sandbox, made available by the Norwegian central bank, along with Hyperledger Besu, an open-source Ethereum client.

Read More: Temenos integrates with DLT-based CBDC tech stacks

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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