diff --git a/gnu/packages/finance.scm b/gnu/packages/finance.scm
index 7aeaffcc5d..28bfb28f49 100644
--- a/gnu/packages/finance.scm
+++ b/gnu/packages/finance.scm
@@ -664,23 +664,38 @@ Ledger Blue/Nano S.")
 (define-public python-trezor
   (package
     (name "python-trezor")
-    (version "0.7.16")
+    (version "0.10.2")
     (source
       (origin
         (method url-fetch)
         (uri (pypi-uri "trezor" version))
         (sha256
           (base32
-            "055kii56wgwadl5z911s59ya2fnsqzk3n5i19s2hb9sv2by6knvb"))))
+            "138k6zsqqpb46k3rcpyslm9q7yq5i6k4myvr9n425jnkadf4vfjd"))))
     (build-system python-build-system)
+    (arguments
+     `(#:phases
+        (modify-phases %standard-phases
+          ;; Default tests run device-specific tests which fail, only run specific tests.
+          (replace 'check
+            (lambda* (#:key inputs outputs #:allow-other-keys)
+              (invoke "python" "-m" "pytest" "--pyarg" "trezorlib.tests.unit_tests")
+              (invoke "python" "-m" "pytest" "-m" "slow_cosi" "--pyarg" "trezorlib.tests.unit_tests")
+              )))))
     (propagated-inputs
-     `(("python-ecdsa" ,python-ecdsa)
+     `(("python-click" ,python-click)
+       ("python-ecdsa" ,python-ecdsa)
        ("python-hidapi" ,python-hidapi)
+       ("python-libusb1" ,python-libusb1)
        ("python-mnemonic" ,python-mnemonic)
        ("python-protobuf" ,python-protobuf)
-       ("python-requests" ,python-requests)))
+       ("python-pyblake2" ,python-pyblake2)
+       ("python-requests" ,python-requests)
+       ("python-typing" ,python-typing)))
     (native-inputs
-     `(("python-pyqt" ,python-pyqt))) ; Tests
+     `(("python-mock" ,python-mock) ; Tests
+       ("python-pyqt" ,python-pyqt) ; Tests
+       ("python-pytest" ,python-pytest))) ; Tests
     (home-page "https://github.com/trezor/python-trezor")
     (synopsis "Python library for communicating with TREZOR Hardware Wallet")
     (description "@code{trezor} is a Python library for communicating with