NEW YORK--(BUSINESS WIRE)--Tassat® Group, Inc., the leading provider of real-time digital payments solutions for commercial banks and their business-to-business (B2B) clients, today announced a new multiple fiat currency functionality which will be available on the Tassat platform beginning in June.
Tassat’s clients will be able to create and hold wallets to execute non-USD transactions on the Tassat platform, beginning with the G7 currencies. Tassat is a proven partner for U.S. banks and their B2B clients with over $1.3 trillion in private permissioned blockchain-enabled real-time payments operating fully within the existing regulatory perimeter. As with Tassat’s other solutions, Tassat’s multi-currency capability will operate within any core banking system, including industry leaders FIS, Fiserv, and Jack Henry.
“Adding multi-currency wallets to the Tassat platform paves the way for our banking partners to offer their clients a safe, low-cost way to execute real-time payments in multiple fiat currencies,” said Kevin R. Greene, Chairman & CEO of Tassat Group.“Commercial banking clients in the U.S. don’t conduct their business solely in one currency, and we are very pleased to offer this innovation to equip commercial banks with the power to build global use cases for their B2B customers.”
As a proven platform executing hundreds of millions of dollars in private blockchain-enabled payments daily, Tassat has developed more than 20 use cases with its clients, including logistics, mortgage warehousing, commercial construction lending, and private equity capital calls, as well as broader working capital applications for banks’ corporate clients. With a team of more than 80 experts in designing, implementing and supporting real-time payments solutions, Tassat’s latest multi-currency offering is a crucial asset for banks and their corporate clients to hold and manage multiple currencies within one centralized wallet.
“Tassat is revolutionizing the financial landscape by providing innovative digital solutions such as our latest multi-currency wallets on TassatPay,” said Glendy Kam, Chief Product Officer of Tassat Group. “This offering brings unprecedented convenience and flexibility to enable businesses to seamlessly transact and compete on a global scale.”
This new multi-currency solution adds global applications to the company’s robust suite of actively deployed real-time payments solutions. Tassat plans to continue developing innovative products to empower its banking partners and their clients to meet the increasingly global and instantaneous demands of modern-day banking.
About Tassat Group
Tassat Group, Inc. is a N.Y.-based technology company that is the leading provider of private blockchain-based, real-time solutions for commercial banks including TassatPay, which enables banks to provide their corporate clients with instantaneous, secure, real-time payments 24/7/365. TassatPay has become the most trusted blockchain-based platform for the banking industry and its B2B clients with more than $1 trillion in secure, real-time transactions to date. Tassat has added Smart Contracts and Fedwire functionality to make TassatPay a one-stop shop for B2B Payments. Tassat was honored with a 2021 Google Cloud Customer Award for innovation in financial services. For more information, visit us at www.tassat.com, on Twitter or on LinkedIn.