TAS and targit team up
Italy’s TAS Group and targit GmbH Austria have signed a deal to collaborate on bringing a Software-as-a-Service (SaaS) model for liquidity risk management and reporting within reach of tier two and three banks throughout Central and Eastern Europe, including Austria and Germany.
The two organisations are offering banks in the region the ability to manage all aspects of liquidity, including T2S, while complying with BCBS 248 regulations.
TAS Group is providing Aquarius, an integrated securities, cash and collateral management platform and all related support through the TAS Service Bureau, which is complemented by targit’s business consulting, set-up and integration services.
The new service is available immediately and provides early adopters the ability to fully comply with BCBS 248 when the regulations come into effect in 2017.