TAO Solutions is pleased to announce that it has partnered with AMAL Trustees to be its dedicated provider of trust management software.
TAO Solutions is a Toronto, Canada headquartered company and a global leader in securitisation software, recently expanding its geographical presence to include Australia, New Zealand and the Asia Pacific region.
Trusted by global banks and financial institutions of all sizes, TAO is a leading provider of software designed to empower the financial services industry with operational agility and robust capabilities. TAO technologies are used by 10% of the top global banks, with more than $US1 trillion of assets administered. TAO Solutions is SOC 2 Type 2 accredited and a Gold Microsoft Certified Partner.
Established in 1994, AMAL is the region’s only integrated provider of Corporate Trust, Loan Servicing and Agency Services and has over $A15 billion of funds under administration and supervision. AMAL Trustees is one of the leading providers of corporate trust services in Australia with over 130 active transactions on behalf of more than 80 clients.
Nick Procter, Executive Director of AMAL Trustees says, “We looked at a number of platforms in the market but chose TAO Solutions based on its flexibility, agility, data security and scalability, crucial factors for a specialist, third-party trust manager.
We deal with a wide range of asset classes, structures and back-end loan servicing systems and a flexible, robust, auditable and transparent platform is essential to support our customers’ needs, both today and in the future.
We are excited by the benefits the TAO platform will provide both us and our clients in the areas of data transfer and automation of banking, accounting, valuation and RBA reporting requirements.”
Jim Metaxis, Managing Director Asia Pacific of TAO says, “The inclusion of AMAL Trustees as a customer is strategically important to both TAO Solutions and the Australian securitisation industry. This transaction demonstrates our commitment to the local market and provides a new choice for structured and asset finance participants within the Asia/Pacific region.
In partnership with TAO Solutions, AMAL Trustees introduces industry-best practices in terms of data management, trust management services and additional value-added activities for its customers.
At TAO Solutions, we believe AMAL Trustees will support the growing needs of an evolving marketplace, including those that are subject to the required prudential information security standards. Importantly, technological advancements lead to market innovation, including addressing requirements during periods of economic uncertainty.”