TAS S.p.A. (“TAS”) has announced that its agreement with Anglo-Gulf Trade Bank (“AGTB”), a digital corporate trade bank for international clients based in Abu Dhabi, is now operational. The contract is being managed through its subsidiary TAS Helvetia S.A.

(“TAS Helvetia”) – a company wholly owned by TAS – and covers the supply of software solutions for the creation and management of a payment hub for correspondent banks around the world. The solutions are delivered through TAS Group’s proprietary software platforms: Card 3.0, Network Gateway, and Aquarius.

“This agreement demonstrates TAS’ ability to collaborate with key international banking players such as Anglo-Gulf Trade Bank, which is innovation-led and destined to play a leading role in the management of corporate clients worldwide”, commented Dario Pardi, president of TAS Group.

“Anglo-Gulf Trade Bank uses the most advanced technologies available such as big data analytics, blockchain and cloud computing to offer its clients efficient services in Trade Finance. We are therefore proud of having been selected as their partners and able to contribute to the growth of the company”, he added.

The agreement with Anglo-Gulf Trade Bank provides for the supply of the above mentioned TAS platforms, delivered in the cloud through Microsoft Azure, a SWIFT-certified Service Bureau run by TAS for a period of three years and a system integration service.

The Aquarius and Network Gateway including Service Bureau services are already operational, allowing AGTB to deliver services with risk management innovation, placing the client central to their offering.

All TAS modules will be integrated with Mambu, the core banking system adopted by Anglo-Gulf Trade Bank, to respond perfectly to the client needs expressed in the software selection phase, such as the management of Corporate client payments through correspondent banks in different countries.