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JUNE 27 2017
Tags: cashless, instant payments, press release

ORACLE AND TAS GROUP TEAM UP TO DELIVER STATE OF THE ART CARD SOLUTIONS ON ORACLE’S DIGITAL INNOVATION PLATFORM

Milan, Italy – 27 June 2017 – Oracle adds TAS Group’s Card 3.0™ Issuing and Network Gateway technology to their cloud based Digital Innovation Platform to accelerate financial operators’ effectiveness and competitive advantage in the new Instant Era. Already a long-standing financial industry solutions partner of Oracle in Europe, TAS Group will be among the first global partners on Oracle’s Digital Innovation Platform. TAS’ product functionality will be gradually released onto Oracle’s cloud platform, starting with connectivity to the payment networks, beginning in Q3 2017.

Responding to market demands for both e-money solutions and payment connectivity, as well as the constantly changing regulatory environment while meeting the challenges of digital consumers, Oracle is leveraging their strong partner network and enterprise software to deliver Platform-as-a-Service to enterprise customers. The modularity, flexibility, and robustness of TAS’ Card 3.0™ and Network Gateway make them an ideal fit. This new offering will be accessible through open APIs on Oracle’s Digital Innovation Platform, giving customers the freedom to select the specific services they need.

Oracle’s digital innovation platform enables financial institutions to monetize joint innovations in a matter of weeks instead of years.  It leverages Oracle’s Bare Metal Infrastructure-as-a-Service and Platform-as-a-Service cloud offerings and focuses on the combination of innovation, modernization and the mitigation of innovation risk. 

Card 3.0 Card Management System – part of TAS Group’s Cashless 3.0® suite – manages all aspects of the payment card lifecycle from initial design and configuration through sales, personalization and post-sales, with MasterCard, Visa and Union Pay International schemes.  All of the functionality will be added gradually to the Financial Services Digital Innovation Platform beginning immediately with payment card personalization and post-sales.

TAS Network Gateway – the financial messaging solution connecting customers to international interbank networks and clearing & settlement market infrastructures simply and transparently – will be accessible on the cloud starting immediately with connectivity to the SWIFT network. This modular framework can be adopted to many different use cases and is already at the heart of central pan-European infrastructures such as Target2.

Oracle believes the future of financial services innovation is stronger through collaboration. We welcome TAS Group’s decision to contribute an API set to the API Marketplace of the Innovation Platform, and make their products available through the platform.  We regard TAS Group as a leading Oracle Gold partner with 30-years of expertise in the FinTech sector, making them an ideal partner to deliver adaptable, robust, and industry compliant solutions. Thanks to this collaboration their innovation can scale easier and be offered in a more flexible and secure way through the cloud-based Digital Innovation Platform for Financial Services,” said Mark Smedley, Global Financial Services Industry VP.

TAS Group Executive Chairman Dario Pardi said, “We are pleased to announce our partnership at a worldwide level on Oracle’s Digital Innovation Platform. The power and flexibility of their Cloud offering is unique in the marketplace, and we are investing heavily to offer all of our products through it.  Extending legacy systems to create new digital services is generally not the best solution for banks competing in the digital age; our joint proposition with Oracle offers them a compelling alternative to rapidly transform their delivery and consumption models for cutting edge financial services”.

 Download the press release