Milan, October 13, 2020– TAS Group, (Italian Stock Exchange: TAS), a global provider of innovative solutions in card management, digital payments, financial messaging and capital markets, has announced that it has been ranked among the Top 100 in the 2020 IDC FinTech Rankings for the 12th consecutive year. The 17th annual vendor ranking represents the leading hardware, software and service providers to the financial services industry from around the world. Vendors are ranked based on 2019 calendar year revenues attributed to financial institutions. The full list for 2020 can be viewed HERE.
Executive Chairman of TAS Group, Dario Pardi, remarked, “We are proud to have been recognized once again among the top fintech players in these prestigiousrankings. Such a result confirms our domain expertise and reinforces our commitment to invest in and deliver innovation and agility to financial operators in today’s dynamic payments ecosystem. We will continue to strive to be the best and to serve the Financial Industry, offering both incumbents and digital challengers alike best-of-breed, leading-edge solutions solutions that are real game changers in today’s highly competitive market place. By empowering our customers to adopt new enabling technologies, they can make digital transformation a reality and overcome legacy challenges.”
The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to exceed $577 billion (USD) by 2024.
To thrive in a digital economy, financial services organizations must embrace innovative and integrate cutting-edge technology effectively to enhance the customer experience and achieve operational excellence. TAS Group and the vendors featured in the IDC FinTech Rankings, represent those providers committed to helping financial institutions successfully execute their digital transformation initiatives for the betterment of their customers around the world. IDC Financial Insights publishes a comprehensive report about the year’s findings that is available to view or download HERE.
TAS has played a key role in supporting Europe’s financial community following the recent regularity and compliance changes mandated, with projects such as the T2/T2S Consolidation and the wider changes to Eurosystem’s TARGET services, the upcoming introduction of ESMIG and a general migration towards ISO20022. As a trusted and experienced partner during past Eurosystem migrations and with its payments solutions running at the heart of the ECB, TAS has been well positioned to offer both technological and advisory support to its customers in light of such challenges.
In the Issuing and Acquiring domain, TAS continues to lead the way as a provider of innovative digital payments and financial software solutions to banks, PSPs and Fintech throughout Europe and the Americas. Most recently it further enriched its offering by adding a new cloud-native, API-based full microservices proposal that manages all types of payments including a fleet/fuel card solution.
This innovation-driven strategy and investment in product development have contributed to the Group’s strong financial results this year, seeing a double-digit increase in EBITDA. TAS management is optimistic about the future where digital payments, boosted by the pandemic and the new norm, are expected to continue to grow.
For more information about the rankings, visit HERE and follow on Twitter @IDC and look for #IDCFinTechRankings.