TAS and Alibaba Cloud deliver services to Australia’s financial services sector

25 May 2018

Alibaba Cloud, the cloud computing arm of the Chinese e-commerce giant Alibaba Group, is partnering with TAS, a Sydney-based technology provider specialising in Australia’s financial services industry.

A TAS media release states that TAS and Alibaba Cloud will provide a managed cloud solution under the company name TAScloud (TAS Cloud Pty Limited).

‘Cloud computing is transforming the financial services sector as more companies leverage cloud-based services to gain a competitive edge, enhance innovation and bolster security,’ says Shane Baker, TAS Chief Executive Officer.

‘As a trusted provider to the financial services sector, TAS is very pleased to be partnering with a highly regarded global cloud computing company that provides secure and cutting-edge cloud solutions.’

An area of Australian expertise enabled by secure cloud services is regulatory technology (regtech) – fast and agile compliance with complex regulatory requirements – a key differentiator for companies in highly regulated industries, particularly the financial services sector. Regtech draws on artificial intelligence, analytics and machine-learning to drive down the cost of regulatory compliance.

Established in 2009, Alibaba Cloud opened its Sydney data centre in November 2016 and offers services including data storage and analytics services, enterprise-level middleware, and cloud security services. Alibaba Group has an Australia and New Zealand head office located in Melbourne to meet local growing demand for e commerce, retail, internet, AI and technology services.