NEW YORK–(BUSINESS WIRE)–Tassat® Group Inc., the leading provider of real-time blockchain-based payment solutions for commercial banks and their B2B customers, today announced several deals to strengthen its leadership team in response to growing demand for Tassat’s innovative product offerings. Appointments include Andre Frank as CEO of The Digital Interbank Network, Glendy Kam as Chief Product Officer, and a suite of business development hires coming from the likes of BofA Merrill Lynch, Fiserv and Liquidnet.
“Blockchain-based payments are the final frontier for financial institutions seeking a competitive edge,” Frank said. “The digital interbank network is a crucial channel for traditional institutions ready to rethink banking, and I am delighted to join Tassat as we pioneer these catalytic technologies.”
The Digital Interbank Network is the world’s first private, permissioned and instantaneous blockchain-based payment network that operates entirely within the existing US regulatory framework. As CEO of The Network, Frank has more than two decades of experience in global capital markets and financial technology. He comes to Tassat from the London Stock Exchange Group, and previously held the position of president of Thesys CAT LLC. He also served as Chief Operating Officer of Thesys Technologies, LLC, the leading big data and market structure technology subsidiary of Tradeworx. At Thesys, Frank led the development of the Consolidated Audit Trail, a regulatory reporting tool to enable regulators to fully track trading activity and increase transparency involving the integration of auditing and reporting of 13 exchanges and 3,000+ broker-dealers in coordination with their regulators on SEC and FINRA.
“Tassat advances B2B transaction systems as a critical element of today’s banking ecosystem,” said Kam. “In my new capacity, I am proud to lead Tassat’s deep bench of experts who deliver transformative products for both large institutions and community banks.”
Previously Tassat’s Director of Product Development, Kam’s appointment as Chief Product Officer recognizes the expanded scope of Tassat’s offering. Prior to Tassat, Kam launched the API pilot program within JP Morgan, the largest Open Banking initiative supporting the JP Morgan blockchain initiative, Onyx. She was also a contributing board member for NACHA ASIG, a working member of the SWIFT API Initiative, and product manager for JP Morgan Access® Mobile, where she oversaw the authentication and authorization products across all digital channels for JP Morgan Treasury Services.
“We are on a mission to give banks the control, security and efficiency and ability to provide innovative, customized solutions they need to better serve corporate customers,” said Kevin Greene, Chairman and CEO of Tassat. “Our team of fintech veterans has developed innovations beyond payments, including integrated Fedwire functionality, and smart contracts that enable bank customers to simplify and automate their business processes while delivering superior solutions to their customers. These offerings strengthen Tassat’s position as the one-stop solution for the banks’ B2B customers, while providing them with a bridge from legacy operations to a fully digital banking system.”
Tassat’s strategic hires include the following industry veterans in banking, fintech and analytics:
- Dan Wolffmanaging director, customer success: Wolff previously held several senior roles during his 20-year tenure at global fintech broker Liquidnet, including Chief Operating Officer for Americas Equities.
- Carol HartmanCEO, Business Development: Prior to joining Tassat, Hartman was CEO of Hartman Group Consulting, a consulting firm that advised C-suite executives and boards on competitive intelligence, growth, success and risk management strategies.
- Jack Rushexecutive director, business development: Rash previously held senior roles at Fiserv, including National Sales Manager, where he oversaw acquisitions and product support for institutions with $1-5 billion in assets.
- Ned Thompsonexecutive director, business development: Thompson previously served as vice president of Global Treasury Solutions at BofA Merrill Lynch, and held leadership positions at Fidelity Investments and Santander Bank.
TassatPay, the only private permissioned blockchain-based B2B transaction platform, provides secure, real-time transaction capabilities 24/7/365. To date, TassatPay has processed more than $500 billion in transactions. Among the banks that have adopted TassatPay to date are Western Alliance Bank, Signature Bank, Customers Bank, Axos Bank and Cogent Bank.
About Tassat Group
Tassat Group Inc. is a NY-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 customers with instant, secure, real-time payments 24/7. 7/365. TassatPay has become the most trusted blockchain-based platform for the banking industry and its B2B customers with more than $500 billion 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, at Twitter or on LinkedIn.
