TAO SOLUTIONS INC.: federal grants and contributions: 14 agreements; $1.4M value; 2 departments; 5 programs.
Assay record ASY-CA-01XBJB70GF · Cite as: Assay Systems, “TAO SOLUTIONS INC.: federal grants and contributions”, https://assay-systems.com/register/ca/grants/r/tao-solutions-inc/
Both LeaseSpark and SecureHub are at a critical growth phase during their development. The purpose of this project is to add essential features into two of our flagship products. LeaseSpark is missing enhancements in order to augment its asset finance origination and booking solution, as well as equipping it for streamlined credit adjudication. For SecureHub, this is a period of unprecedented international growth, which requires regulatory enhancements for asset backed securities administration, asset backed commercial paper administration, as well as additional reporting features.
The purpose of this project is to add additional features and technology to the Secure Hub SW platform in order to be able to handle different markets financial regulations and make the platform self serve.
The Automated Origination for Asset Based Finance project will engage in activities to design and develop new functionalities within TAO Solutions’ LeaseSPARK application to drive efficiencies and productivity gains for North American asset-based finance companies throughout the origination business cycle.
Securitization is the process of issuing securities to investors based on underlying pools of eligible credit assets. The cash receipts from these assets are distributed back to the investors over time with the distributions and reporting defined in a legal contract. Our SecureHub platform allows for the modelling of these transactions via configuration; it does, however, take extensive time, and some degree of contract-law knowledge for users to interpret legal documents and model the relevant transaction. This project will seek to solve this challenge by using AI technologies to automate t
This project has two key components. The first will extend functionality of TAO's LeaseSpark application to support international requirements. The second will introduce a new public-facing API catalogue that will allow client applications to interact with TAO Solutions products.
This project will implement three new critical features into the LeaseSpark product that are critical to support the velocity of loan underwriting in a paperless methodology, and to facilitate automated funding/securitization for users relying on external sources of funds to support their lending. This will see the implementation of API integrations into i) providers of corporate and debtor search services for the purposes of underwriting, and ii) providers of PPSA (Personal Property Security Act) and UCC (Uniform Commercial Code) filings for the purposes of paperless, electronic collateral
This project will integrate Business Data Analytics technology to both MortgageHub, a fully integrated mortgage loan funding, securitization and whole loan portfolio management system built for the Canadian mortgage industry, and SecureHub, a sophisticated pooling, surveillance, settlement processing and trust accounting platform for asset backed securities administration performed by global entities. Application of powerful analytics tools to these produces will increase the ability of existing clients to improve their operational efficiencies, risk management and transparency reporting ca
International Co-Innovation Action Program (ICAP) Project - We are looking for co-innovation partners who are willing to validate digital ledger technology in order to service the global structured finance market more efficiently. The ultimate customer for our product is a European structured finance trustee, custodian or administrator. We have decided to enter the Netherlands market first because there is a well-established network of market participants there who would be interested in such innovation.
The purpose of this CanExport SMEs agreement is to support small- and medium-sized enterprises (SMEs) for activities related to export market development that are part of an export business case for a specific target market, particularly where activities are targeting departmental priority markets and sectors.
The recruited graduate will be working on supporting existing clients as well as on a project to implement a new critical features, namely the introduction of the CORRA (Canadian Overnight Repo Rate Average) rate, into the MortgageHub product, which is essential to the product’s regulatory compliance as well as national growth prospects and technological advantages. As the recruited graduate is a new graduate, we will ensure that he has proper onboarding and is familiar with our MortgageHub product as well as the structured finance industry to ensure he provides adequate support to existing a
The recruited graduate will be working on a project to implement two new critical features into the SecureHub product that are essential to the product’s international growth prospects and technological advantages. This will see the implementation of a brand-new formulaic, algorithm and data processing engine into the application. This new feature will significantly benefit end-users of the application by empowering them with a sophisticated tool-set to build robust queries, data elements, and processing specific to their structured finance operations. The second feature will address the co
The recruited graduate will spend a significant amount of time in training and will start working on supporting existing smaller clients
The recruited graduate will be responsible for planning and overseeing all administrative support for Tao Solutions. One key project the new graduate will be immediately responsible for is our hybrid return to the office project, which will require the implementation of new hot desk system with new company software, as well as a renovation of our office space. The new graduate will interact over the phone and in person to provide direction and support to existing and potential clients. She will also perform select Human Resource duties, including resume selection, pre-screening interviews,
Develop digital adoption plan
All grants from Innovation, Science and Economic Development Canada
Contains information licensed under the Open Government Licence – Canada. Source: Government of Canada proactive disclosure of grants and contributions (open.canada.ca, dataset 432527ab-7aac-45b5-81d6-7597107a7013), 1,327,352 rows as published, collapsed to one agreement per agreement number (per reference number where none is given) at its latest amendment, which carries the full agreement value. Years are the agreement start year. Agreements with individuals are counted but not named.