TAO Asset Management and Administration Inc. (TAMA), a wholly-owned subsidiary of TAO Solutions Inc. (TSI) and a leading independent provider of end-to-end administration services for the global structured finance market, today announced the launch of a new standby servicing offering for the Canadian equipment/auto finance and leasing markets. The standby servicing offering is being introduced in conjunction with a leading Canadian servicer of equipment finance assets. The new standby service offering will draw on TAMA’s technology and rapid time to market capabilities alongside the servicer’s expertise to operate and provide a full-scale, robust, reliable, and a customized standby servicing platform for structured finance and securitization transactions. 

Standby servicing is essential to structured finance, as it involves continuous surveillance of financial asset portfolios during the standby phase and active servicing when a standby event occurs. TAMA and the servicer intend to offer an end-to-end standby servicing solution by combining their respective complementary strengths in the market.

TAMA is recognized for its excellence in delivering administration services to special purpose vehicles that support the financing of various financial asset portfolios. TAMA has been trusted for its services by the largest financial institutions in the world including the largest asset manager in the world by AUM. This new agreement enhances TAMA's service offering to the structured finance industry by partnering with an established asset servicer, thereby rounding out the level of preparedness and efficiency in the standby servicing space.

"This agreement highlights TAMA's commitment to providing full-service best-in-class solutions to the structured finance marketplace," said Parth Pandya, CEO of TAMA. "It will substantially enhance our standby servicing capabilities in the Canadian market, so that we can provide our clients with a more integrated transition solution when a return to active servicing is warranted."

"This new service offering is another example of TSI's commitment to continuously evaluate and enhance its services to increase the value it offers to support the structured finance industry worldwide," said Aaron Seaton, CEO and Co-Founder of TAO Solutions Inc.

"The acquisition of TAMA earlier this year was a foundational element in our strategy to deliver cutting-edge technological solutions to the administration requirements of the structured finance market, and this partnership confirms our ability to deliver on that promise by creating efficiencies for our customers." 

About TAO Asset Management and Administration Inc.

TAO Asset Management and Administration Inc. (TAMA) is an independent provider of customized administration services for key players in the global structured finance market and is a wholly owned subsidiary of TAO Solutions Inc. (TSI). Located in Toronto, Ontario, TAMA has extensive experience providing a full suite of structured finance and special purpose vehicle (SPV) administration services, including asset administration, cash and security management, stakeholder reporting, accounting and financial reporting, compliance monitoring, lender’s agent and special advisory services across a variety of asset classes.

About TAO Solutions Inc. 

Headquartered in Toronto with operations across North America, Europe, and Asia Pacific, TAO Solutions provides industry-leading software and administration services for structured finance and securitization. Its specialized software solutions are used by some of the world’s largest banks and non-bank lenders, offering flexible capabilities for institutions of all sizes and across asset classes.