Kaleido Private Bank has selected banking service provider InCore Bank and IT service provider SOBACO to revamp its business processes as well as transaction banking.
The boutique bank has also opted for the further integration of digital asset services from InCore Bank.
The solution, which seamlessly integrates into core banking and banking processes, gives banks and their customers the ability to trade a wide variety of cryptocurrencies and tokens 24/7 and benefit a secure Swiss deposit solution.
Outsourcing services to InCore Bank enables the bank to focus on individual client advice and focus on strategic issues – the long-term development of the organisation, products and services increasingly includes the digital asset management.
As a transaction bank, InCore Bank deals intensively with all facets of digitization.
The pure business-to-business bank received approval for trading, custody, transfer and tokenization of digital assets as early as May 2020.
“Our offer responds to a market and to customer needs. With Kaleido Private Bank, the third renowned financial institution in our Private Banking Hub has opted for our Digital Asset Services in a very short time – in addition to various other financial institutions that benefit from this offer”,
said Daniel Blatter, head of digital services at InCore Bank.
“Digital assets have found their way into the investment universe of many investors. Their importance in the market continues to grow, as does the demand from our customers. We are convinced that we are only at the beginning of a development with many exciting opportunities.
For us, it was obvious to take this step forward with InCore Bank. With our decision for the Private Banking Hub and the Digital Asset Services, we have laid a solid foundation.
said Markus Abbassi, head of digital assets at Kaleido Private Bank.