Tassat Appoints COO Zain Saidin as New CEO

Tassat appointed its chief operating officer, Zain Saidin, as its new CEO.

Saidin, who served as the company’s COO since February 2023, will now lead the technology company in its long-term growth strategy, Tassat said in a Wednesday (Nov. 8) press release. He succeeds Kevin R. Greene, who will continue his role as chairman of the board of directors.

“We have tremendous confidence in Zain’s leadership,” Greene said in the release. “Over the past nine months, he has been instrumental as chief operating officer in executing our strategic vision and enhancing our service capabilities as a technology company. We’re set to embark on a new phase of growth as we continue to develop innovative products across the financial services landscape.”

Saidin “has played a crucial role in executing Tassat’s long-term business goals and overseeing the launch of new product offerings,” according to the release. These include multiple fiat currency functionality and fund management solutions.

With over 25 years of experience in leadership positions in the technology industry, Saidin brings expertise and strategic vision to his new role as CEO, the release said. He is also a lifelong innovator, holding 15 fundamental technology patents.

Saidin’s appointment aligns with Tassat’s renewed emphasis on product development and expansion into new markets, per the release. Tassat plans to continue investing in real-time solutions, such as TassatPay, to empower the financial services industry in meeting the global demands of the digital economy.

“Tassat houses a best-in-class group of technologists who continue to strengthen customers of all sizes with secure, real-time payments technology, 24/7/365,” Saidin said in the release. “Our milestones in 2023 are a testament to our robust suite of digital payments solutions, and I’m thrilled to lead our team as we bolster our roster of strategic partners.”

In one of this year’s product developments, Tassat said in March that it will provide access to the FedNow Service® through its client-facing application programming interface (API). The company said its private blockchain-based B2B solutions will serve as on-ramps for commercial banks that want to participate in the Fed’s platform and provide this money movement solution to businesses.

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