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.
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Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire)
Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an Executive Vice President at KLA Corporation (NYSE:KLAC), a leading equipment and services company in the semiconductor industry. He was responsible for multiple P&Ls, manufacturing and production, and company-wide product life cycle and engineering talent development. Saidin also holds 15 patents in motor control, servo auto-focus, image analysis algorithms & systems, and light and electron optics, related explicitly to semiconductor inspection & metrology capital equipment.
“I’ve spent my career bringing new technologies and products to market and developing multidisciplinary organizations, that can do so reliably and repeatedly. I’m delighted to join Tassat and the deep bench of technologists and experts who are at the forefront of innovating in the payments industry and creating first-of-its-kind solutions for the emerging digital economy,” said Zain Saidin, Chief Operating Officer of Tassat.
Saidin’s appointment comes at a time of rapid growth for Tassat, as the company’s flagship product, TassatPay® recently announced a milestone of exceeding $1 trillion in real-time B2B payments. In January alone, TassatPay processed over $150 billion in transactions, signaling the demand for the product and the volume at which Tassat’s bank partners are leveraging the service.
“Zain’s deep expertise in technology and product management, coupled with his business development background, makes him a natural fit for Tassat,” said Kevin R. Greene, Chairman and CEO of Tassat. “His addition to the team will be pivotal as we continue expanding our products and services across the financial services landscape.”
To date, Western Alliance Bank (NYSE: WAL), Signature Bank (NASDAQ: SBNY), Customers Bank (NYSE: CUBI), Axos Bank (NYSE: AX), Byline Bank (NYSE: BY), and Cogent Bank have partnered with TassatPay. With its bank partners, Tassat has developed more than 20 use cases, including logistics, mortgage warehousing, commercial construction, private equity capital calls, as well as broader working capital applications for a bank’s corporate clients. The results have created strong corporate banking relationships, increased deposits, and opportunities to provide other profitable financial services.
In addition to TassatPay, Tassat launched The Digital Interbank Network in October 2022, the world’s first private permissioned blockchain-based payments network that operates entirely within the U.S. regulatory framework. The Network is composed of FDIC-insured banks transacting real-time payments and performing other banking services between their corporate clients via a private permissioned blockchain.
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.
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