Category: Industry Topics

Tassat goes multicurrency for bank blockchain payments

This week Tassat Group announced its B2B digital payment solution is going multi currency in June. In addition to existing U.S. Dollar payments that have reached $1.3 trillion on its permissioned blockchains, from June the platform will support Euro, Yen, Pounds and Canadian dollars, with more planned. The solution has been adopted by a handful of regional […]

Why Blockchain Is Redefining Payments for Midsize, Community Banks

In the weeks following Silicon Valley Bank’s downfall, the 25 largest U.S. banks experienced a $120 billion increase in deposits, according to the Federal Reserve. Meanwhile, the nation’s midsize and community banks saw deposits fall by over $108 billion during the same time period. This represented the largest weekly decline of non-megabank deposits in history […]

Tassat delivers blockchain-based, real-time B2B payments

Private permissioned blockchains are a key feature of Tassat’s B2B payments and financial services for banks. Best of all, chief information security officer Al Berg said they are compliant while easily operating within U.S. regulations. Tassat’s Digital Interbank Network is the world’s first blockchain-based, real-time payments network operating entirely within the existing regulatory framework of the American banking system. […]

Developer of Signature Bank’s 24/7 payment system Signet calls crypto ‘a distraction’

Before its failure in mid-March, New York-based Signature had earned a reputation as a crypto-friendly bank, thanks in large part to its groundbreaking Signet real-time payments platform. With Signet, companies could process transactions outside of business hours, making it an essential tool for key crypto functions such as minting and redeeming stablecoins. Many in the crypto industry lamented the […]

America Needs Its Small Banks

The SVB collapse raises the specter of Europe-style consolidation, which would make it much harder for entrepreneurs and farms to get credit. By Kevin R. Greene and John Michaelson The recent events surrounding Silicon Valley Bank and Signature Bank have created unprecedented challenges for the health of community, midsize and regional banks. We are headed […]

Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch

Derek Anderson March 14, 2023 The New York-based fintech said it will provide an API to allow clients to access the new Federal Reserve real-time payment service when it premiers. Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as […]

Silvergate And Signature’s Demise May Torpedo A Key Crypto Growth Driver

Emily Mason Forbes Staff Mar 13, 2023,10:35pm EDT The closing of the top two cryptocurrency banks within a matter of days could prove to be a giant setback in the future growth of digital assets. Silvergate and Signature Bank ran pioneering blockchain systems that allowed instant commercial transfers in and out of crypto around the […]

Tassat ® Group Appoints Zain Saidin as Chief Operating Officer

NEW YORK–(BUSINESS WIRE)–Feb 14, 2023– Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to […]