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 additional integration of InCore Bank’s Digital Asset Services.

The solution, which is seamlessly integrated into core banking and banking processes, gives banks and their clients the ability to trade a wide variety of cryptocurrencies and tokens 24/7 and benefit from a secure Swiss custody solution.

Outsourcing the services to InCore Bank allows the bank to concentrate on individual customer consulting and focus on strategic issues – the long-term development of the organisation, products and services increasingly includes dealing with digital assets.

As a transaction bank, InCore Bank has been intensively dealing with all facets of digitalisation.

The pure business-to-business bank received approval for the trading, custody, transfer and tokenisation of digital assets as early as May 2020.

“Our offering meets a market and customers’ needs. With Kaleido Private Bank, the third renowned financial institution from 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 Digital Services of InCore Bank.

“Digital assets have found their place in the investment universe of many investors. Their importance in the market is growing, as is the demand from our clients. 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 together with InCore Bank. With our decision for the Private Banking Hub and Digital Asset Services, we have laid a solid foundation.”

said Markus Abbassi, Head Digital Assets at Kaleido Private Bank.