A collection of our recent articles, white papers, webinars, reports and videos.
TAS Group supports the virtual relay race “BNL for Telethon” in favour of research on genetic diseases
Request to Pay, TAS reveals the advantages of the new pan-European standard
During TAS Group’s workshop at the recent Payvolution virtual event, Stefano Macchi, Global Payments’ subject matter expert, illustrated the great potential of the new SEPA standard developed by the EPC. R2P, together with instant payments and open banking, enables PSPs to offer a more digital, efficient and end-to-end user experience, irrespective of the target segment: consumer, business customer, merchant or public admin.
While the actual roll-out of the standard has been postponed to March 1 2021, from a technical point of view, everything is ready for the first initiative launched by EBA Clearing, whose testing phase began in July, with 27 partners from the financial world from 11 European countries that have joined the project.
R2P is not an additional payment instrument but a new, all-digital way of requesting a payment for which a payee and a payer electronically exchange structured data through a message workflow, before exchanging money. Being initiated by the creditor, R2P allows for a 100% automatic reconciliation of the subsequent payment, even if done in several instalments and deferred instead of in real time.
On the application platforms and channels of TAS, a series of competitive services for customers on both the beneficiary / payee side and the customer / payer side are created on the basis of calls to the standard R2P infrastructure. These services integrate domestic use cases already implemented in the PayTAS scenarios for B2G / C2G interaction as well as on CBI Globe (the leading Italian Open Banking Ecosystem standard), but are ready for billers, PSPs and clients throughout the entire SEPA area.
TAS Group again earns a place in the 2020 IDC FinTech Rankings
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.
ECB discloses new plans and milestones for TARGET Services
- No milestones to reach until March 2021
- New milestones have been added (User Testing activities started, Training for user testing started, Network connectivity tests on production started, Network connectivity tests on production completed)
- Milestones not completed in 2020 will be postponed between 8 and 12 months.
- NSP selection and contract preparation to be completed by 31 March 2021
- Software development for the required adaptation changes to TARGET2 to be completed by 30 June 2021
- Testing of the internal applications to be completed by 31 August 2021
- User Testing activities to be started by 1 December 2021
- All PSPs which have joined the SCTInst scheme and are reachable in TARGET2 should also become reachable in a TIPS central bank money liquidity account, either as a participant or as a reachable party (i.e. through the account of another PSP which is a participant)
- All ACHs offering instant payment services should migrate their technical accounts from TARGET2 to TIPS.
- 6 months to confirm, review or fine-tune their NSP choice for TARGET2
- 9 months to complete TARGET2 developments and 11 months to finalise testing
- Less than 15 months to set up their TIPS central bank money liquidity account
- NSP access in Cloud
- Intraday Liquidity
- Payments transformation
- Instant payments management in the new framework
TAS Group’s growth does not slow down despite the pandemic: double-digit increase in EBITDA
The consolidated half-year report of TAS Group, approved yesterday by the Board of Directors, highlights a growth in all financial indicators compared to the same period of the previous year, with double-digit increase (13.9%) in the Gross Operating Margin (EBITDA).
Dario Pardi, President of TAS Group, commented: "We are undoubtedly satisfied with the results obtained in the first half of 2020 which see an increase in all indices, in particular in margins, despite the period being characterized by an unprecedented pandemic and which led to containment world-wide, with important repercussions on the economy. These have been important months for us, marked by the conclusion of the corporate reorganization of Global Payments Spa and TAS International S.A., which led to an optimization of skills and an enhancement of assets for the domestic and international market. In addition, we have completed important transactions that will allow us to grow further in the future, particularly internationally. In fact, in June we completed the acquisition of Infraxis AG, a reference reality in the digital payments sector, in the Swiss and German markets, laying the foundations for consolidating our presence in the European market ".
"TAS Group - added Valentino Bravi, CEO of the Group - will continue focusing on technological innovation as the foundation of its business strategy, after an absolutely satisfactory first half. Although the future global economic outlook is uncertain, given the current crisis generated by the pandemic, we can look to the coming months with optimism, also thanks to the boost that digital payments are having, particularly in our home market. We therefore continue our commitment to complete software development projects with the usual determination, focusing investments on innovation and working to confirm our leadership as a company of Italian excellence recognized abroad ".
Outsourcing to Cloud Service Providers – TAS responds to consultation on ESMA guidelines
ITSS and TAS announce strategic partnership to boost innovation in the payments solutions domain
The European Payments Ecosystem – Fintech Finance Virtual Arena
Mario Mendia, TAS Group’s International Markets SVP and Raphael Barisaac, Global Head of Cash Management and Global Co-head of Trade at Unicredit, were recently invited by Fintech Finance to speak with Ali Paterson in his Virtual Arena.
The topic was the dynamic European Payments scene today, how it’s evolving, the COVID-effect on payments, how ISO20022 is set to be a game-changer, and the challenges (and opportunities) of the T2/T2S Consolidation project.
Mario Mendia offered viewers valuable insights and shared his views on the upcoming changes to the Eurosystem, where TAS Group is playing an active role in the T2/T2S Consolidation Project.
In case you missed the Fintech Finace Virtual Arena discussion on the European Payments Ecosystem, you can watch it on our YouTube channel.
Turning T2/T2S Consolidation postponement into an opportunity
- Network Service Provider and how to connect to ESMIG
- Management of ISO 20022 within the payment architecture of the bank. With more time available some of the payment back offices may be upgraded to ISO 20022 to improve quality of service and reduce operational costs linked to maintenance and processing complexity
- Alignment with Cross Border payment processing, in light of the SWIFT ISO 20022 migration
- Digitalisation of the liquidity management process
- Review of payment data governance and use of analytics
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