Insights

The ECMS (Eurosystem Collateral Management System), whose go-live is scheduled for November 2022, will complete the new consolidated structure of the Eurosystem's market infrastructures, aimed at facilitating efficient liquidity and collateral management, and contributing to the realization of the so-called Capital Markets Union. The new ECMS platform will replace the current 19 IT procedures of the National Central Banks (NCBs) for credit operations (monetary policy refinancing and intraday credit in TARGET2), leaving the responsibility of the individual NCBs to manage contractual and operational relations with counterparties, central custodians and triparty agents. TAS Group has been investing for some time in the evolution of its solution, Aquarius, to offer the market a Liquidity Management System that simplifies and centralizes the operational processes and U2A and A2A interactions of the Treasuries with TARGET Services. On 19th May, TAS Group and its partners, Accenture and KPMG, provided Italian market operators with an orientation framework with which to approach the ECMS Project. Over 140 participants representing 28 private and 3 public operators followed the webinar on ECMS, which was considered very useful also in view of the "virtual" event organized by the Bank of Italy today. Follow us to stay updated on the collaborative path led by TAS Group in partnership  with Accenture and KPMG 

Need some expert help with ECMS or T2/T2S Consolidation? Get in touch 

The Consolidated T2/T2S platform goes live in 2021 and banks have to adapt their access mode to reach the Eurosystem,especially those who currently connect to T2 over the Internet, since this will no longer be allowed. In order to help T2 participants easily comply with the new mandatory ESMIG interface, TAS Group developed PAG€, the first cloud-based, easy and scalable solution that embeds certified NSP connectivity for a smooth and transparent migration. With its user friendly interface, PAG€ allows quick access to the Eurosystem Targ€t Services, enabling both U2A and A2A functionalities, through an agile and secure cloud service that guarantees all the standards required by the new ESMIG interface. What makes PAG€ so powerful is the cutting-edge technology at its core: PAG€ is the result of a combination of TAS leading-edge technology and over 35 years of payments experience in mission-critical market infrastructures, Amazon Web Services (AWS) secure cloud and accredited NSP connectivity. Discover more

PecunPay, Spain’s largest e-money Institution, has decided to further boost its flexibility and agility to support strong business growth by migrating to CARD 3.0 IE, TAS Group’s state-of-the-art card and digital payments management platform. The migration is scheduled to take place before the end of 2020. This is not the first time that PecunPay has put its trust in TAS payments technology, having already adopted its cashless 3.0 platform four years ago. Upgrading to our newest platform will allow the Spanish fintech to manage the entire authorization process in-house, giving it better control over the 750,000 cards it manages and the 2,500 digital and card-present payment terminals it supports at merchants throughout Spain and beyond. PecunPay is licensed by the Bank of Spain to operate throughout the SEPA area, and is already exploring different options to enter the South American market. Discover more about CARD 3.0 IE Visit Pecunpay website

TAS Group has been closely following the developments of the new Eurosystem Collateral Management System (ECMS) as it has been doing for the T2 / T2S Consolidation milestone, and is actively helping banks to prepare, especially in managing collateral and treasury funding.

The ECMS, scheduled to go live in November 2022, will replace the existing individual systems of the 19 national central banks that are currently managing assets used as collateral for Eurosystem credit operations.

Our Aquarius Liquidity Management platform already manages the Central Bank’s  Pooling Account and will guarantee in the future all the features currently being specified for the ECMS, in synergy with the liquidity management and securities settlement functions already covered by the solution.

Follow us to stay updated on the collaborative path led by TAS Group in partnership  with Accenture and KPMG 

Need some expert help with ECMS or T2/T2S Consolidation? Get in touch 

TAS Group’s Payment Intelligence allows you to generate powerful behavioural and predictive models that support business strategies and decision-making processes, and provide you with a continually updated, 360-degree view of your customers. Thanks to the Behaviour Analytics function, which makes use of leading-edge AI &ML technologies developed by Mantica, Payment Intelligence is able to create tailored behavioural models that enrich Profiling Analysis, Pattern Recognition, Segmentation and Scoring of Big data. The solution seamlessly integrates with TAS Group’s card and digital payments platform, CARD 3.0 IE, fully leveraging both cardholder account and transactional data. Discover more

Employees donate hours of work which the company transforms into a double donation to the IRCCS Policlinico Foundation “San Matteo” in Pavia and the National Institute of Infectious Diseases  “Lazzaro Spallanzani” in Rome. CARIPLO Foundation in turn doubles the allocation to San Matteo.

Milan, April 14, 2020 – During this period of great tension and concern for the health of all citizens, also TAS Group is driving a charity initiative in favor of the fight against COVID-19. The company has chosen to contribute to research into the new coronavirus, donating to two centers of excellence that are conducting some of the most advanced studies in Italy: the IRCCS Policlinico San Matteo Foundation in Pavia and the Lazzaro Spallanzani National Institute for Infectious Diseases in Rome. TAS Group employees involved in the initiative have chosen to either donate hours of their gross salary or an amount of leave to the cause. To encourage donations, the company has committed itself to doubling the amount raised, and has also involved the Cariplo Foundation in the initiative, who committed to doubling the donation for the San Matteo institute. The funds raised will go towards the purchase of scientific equipment (sequencers, freezers, thermal cyclers, processors and screens) necessary for a specific COVID-19 research project carried out by the Infectious Diseases Unit of the Pavia hospital, which has since the beginning engaged daily in the treatment of hundreds of infected people. A further contribution was sent to the Spallanzani Institute in Rome to finance a similar initiative. “We believe that in this time of global difficulty, which endangers the health of people as well as the economy, it is fair that all those who have the possibility, as individuals but above all as businesses, give their contribution for the resolution of the crisis. Among all the initiatives worthy of help, we have chosen to support the one that we feel is closest to our corporate spirit, that is, the search for solutions that allow us to face and manage critical situations that are changing rapidly. It's what we do every day for payment systems, today we want to do it for a bigger cause,” declares Valentino Bravi, CEO of TAS Group. “We proposed the initiative to our employees and it was immediately warmly welcomed with a large take up. This makes us feel even more united as a group and part of the common effort to get out of this crisis as soon as possible.” Download the press release

TAS Group joins the PRETA Open Banking Europe initiative as a Service Provider through its Global Payments company to foster and accelerate innovation in digital payment and identity solutions. Leveraging the technological leadership already demonstrated at domestic level with our TAS TPP enabler platform, we are now pleased to offer our contribution at European level in helping banks and PSPs to take an active role in the increasingly challenging scenario introduced by PSD2. TAS TPP case studies to date include NEXI - recently awarded the PSD2 active phase by CBI Globe – the Italian Banking Industry collaborative platform with over 300 participating PSPs and over 50 connected TPPs in the role of AISP /PISP / CISP . OBE's spirit, in line with TAS Group’s, is to be a community-led initiative, aiming to facilitate a standardization path for XS2A services based on consensus and priorities shared among market stakeholders. to know more about the partnership, visit Open Banking Europe

The consolidated 2019 financial statements of TAS Group, approved yesterday by its Board of Directors, show that all the indicators have increased compared to the previous year with a double-digit increase in core revenues of 24% totaling 56.4 million Euros compared to 45.5 million the previous year, a more than doubled EBITDA margin, and net profit amounting to 9% of revenues. The 2020-22 multi-year Strategic Plan was also approved, which reaffirms the goal of consolidating market leadership with the Group's core offering (Payments, Treasury & Capital Markets) and the conquering of new business areas thanks to regulatory compliance (in particular PSD2 and T2/T2S consolidation) as well as the expansion of its presence on the international market with greater geographical coverage and the development of its global partnerships. This plan, prepared prior to the COVID-19 crisis, provides for a CAGR of turnover in the related period of more than 13% and, at the end of the period, an EBITDA margin corresponding to 35% of revenues. With regard to the COVID-19 situation, all Group companies confirm that they are fully operational due to the adoption of smart working. President Dario Pardi and CEO Valentino Bravi expressed their satisfaction with the balance sheet results which show the fruits of the strategic path started in 2016 with the Management Buy Out operation led by the two managers, as well as the investments made over the last five years in R&D to ensure an ever-more innovative offering. TAS Group proves to be an increasingly strategic player within the sectors in which it operates, principally that of digital payments and capital markets, with advanced platforms able to proactively address new market developments. These platforms include the new microservices platform for TPPs operating in the post-PSD2 era; the Aquarius platform, aimed at Financial Institution Treasuries, which transforms the Consolidation T2/T2S project requirements into an opportunity for digitization and optimization of intraday liquidity; and the GPP (Global Payments Platform), now in an advanced development stage, one of the world’s first cloud-native integrated solutions for managing digital payments – both card and account-based – and fraud prevention, with its microservice technology guaranteeing maximum modularity and scalability. Read the full press release in the Investor section (Italian version)

 

Temenos customers, from digital-first challengers to established banks, will now be able to design, issue and manage innovative payment products and enjoy unparalleled flexibility and time to market.

 

TAS Group has joined the Temenos MarketPlace making its card and digital payments solution, CARD 3.0 IE, available to Temenos customers around the world. With the addition of CARD 3.0 IE, Temenos clients can leverage a flexible, modular and scalable card issuing, acquiring and processing platform that can be deployed either on-premise or on the cloud. Card 3.0 IE enables banks to intelligently manage the entire card and digital payments value chain, including physical and virtual card issuance, card & PIN production, transaction processing, Apple and Google payments and payment analytics.

The Temenos Marketplace mission is to help banks find and connect with innovative fintech solutions from around the world in order to better meet customer needs. Through this ecosystem of incubators, banks and fintechs, Temenos accelerates innovation by giving new fintech solutions the exposure they need to financial institutions of every size. The addition of this powerful end-to-end card payment platform to Temenos MarketPlace enables banks to deliver a complete digital and mobile payment user experience, whether they are a digital-first challenger looking for a swift and easy deployment and short time to market, or an established player seeking to embrace digital transformation and keep pace with customer expectations.

Read the press release on Temenos website

Download the press release

Learn more about CARD 3.0 IE