About Tassat Group

TassatPay provides a private blockchain-based platform that enables financial institutions to execute real-time transactions and settlements with full audit capabilities, enhancing security and efficiency. By facilitating instantaneous transactions without limits, TassatPay addresses the need for reliable and transparent payment solutions in regulated markets.

```xml <problem> Traditional interbank and B2B payment systems often suffer from delays, transaction limits, and lack of transparency, hindering efficient capital management and increasing counterparty risk for financial institutions and their corporate clients. Existing solutions may not operate 24/7/365 and can lack the advanced features needed to automate complex transactions. </problem> <solution> TassatPay offers a private, permissioned blockchain-based platform that enables financial institutions and their corporate clients to execute real-time transactions and settlements with full audit capabilities. The platform facilitates instantaneous transactions without limits, operating around the clock to maximize balance sheet efficiency and minimize counterparty risk. TassatPay integrates smart contract functionality, allowing organizations to apply transactional logic and automate routine transactions with their customers. All transactions are fully backed by deposits in trusted, FDIC-insured banking institutions. </solution> <features> - Private, permissioned blockchain infrastructure for secure and transparent transactions - Real-time settlement capabilities operating 24/7/365 (subject to maintenance windows) - No transaction limits, enabling efficient large-value transfers - Full audit capabilities for enhanced regulatory compliance - Smart contract functionality to automate complex workflows - Integration with core banking systems like FIS, Fiserv, Thought Machine, and Jack Henry - A suite of deployable APIs for easy integration with existing systems - Connectivity to other blockchains and access to third-party exchanges </features> <target_audience> The primary target audience includes financial institutions, digital asset firms, and corporations in regulated industries such as financial services, healthcare, real estate, and logistics seeking secure, real-time payment solutions. </target_audience> ```

What does Tassat Group do?

Where is Tassat Group located?

Tassat Group is based in East New York, United States.

When was Tassat Group founded?

Tassat Group was founded in 2017.

How much funding has Tassat Group raised?

Tassat Group has raised 15100000.

Location

East New York, United States

Founded

2017

Funding

15100000

Employees

64 employees

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Tassat Group

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Executive Summary

tassatpay.com 5K+

Crunchbase

Founded 2017 – East New York, United States

Funding

Estimated Funding

$10M+

Team (50+)

No team information available.

Company Description

Problem

Traditional interbank and B2B payment systems often suffer from delays, transaction limits, and lack of transparency, hindering efficient capital management and increasing counterparty risk for financial institutions and their corporate clients. Existing solutions may not operate 24/7/365 and can lack the advanced features needed to automate complex transactions.

Solution

TassatPay offers a private, permissioned blockchain-based platform that enables financial institutions and their corporate clients to execute real-time transactions and settlements with full audit capabilities. The platform facilitates instantaneous transactions without limits, operating around the clock to maximize balance sheet efficiency and minimize counterparty risk. TassatPay integrates smart contract functionality, allowing organizations to apply transactional logic and automate routine transactions with their customers. All transactions are fully backed by deposits in trusted, FDIC-insured banking institutions.

Features

Private, permissioned blockchain infrastructure for secure and transparent transactions

Real-time settlement capabilities operating 24/7/365 (subject to maintenance windows)

No transaction limits, enabling efficient large-value transfers

Full audit capabilities for enhanced regulatory compliance

Smart contract functionality to automate complex workflows

Integration with core banking systems like FIS, Fiserv, Thought Machine, and Jack Henry

A suite of deployable APIs for easy integration with existing systems

Connectivity to other blockchains and access to third-party exchanges

Target Audience

The primary target audience includes financial institutions, digital asset firms, and corporations in regulated industries such as financial services, healthcare, real estate, and logistics seeking secure, real-time payment solutions.