RiskLiquidity RiskTAS Group and targit offer liquidity management solution to banks

TAS Group and targit offer liquidity management solution to banks

TAS Group and targit Austria are collaborating to bring a software-as-a-service (SaaS) model for liquidity risk management and reporting within reach of Tier II and III banks throughout Central and Eastern Europe, including Austria and Germany.

TAS Group and targit Austria are collaborating to bring a software-as-a-service (SaaS) model for liquidity risk management and reporting within reach of Tier II and III 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. The service is delivered via a SaaS model, allowing a cost effective and short time to market solution to be set up.

TAS Group provides their Aquarius solution – the 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 service is available immediately and provides early adopters the ability to fully comply with BCBS 248 when the regulations come into effect in 2017.

In addition, TAS Group and targit will work together throughout the region to offer Aquarius as an in-house installed solution to those banks who require such a delivery model.

Related reading: What are the objectives of liquidity management?

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