Insights
A collection of our recent articles, white papers, webinars, reports and videos.
The Board of Directors approved the consolidated financial statements and the draft financial statements of the parent company at 31 december 2021
Total revenues up 5.4% to 65 million euros. EBITDA at 15.7 million euros (EBITDA margin 24.1%).
Agreement between Piteco and TAS to simplify access to the SWIFT network
Piteco strengthens its role as an international banking connectivity hub through the collaboration with TAS and consolidates its footprint as an effective tool to support business growth.
Thanks to Piteco’s treasury solutions and TAS's Service Bureau, accessing to the most important banking interconnection channel becomes plug and play for the benefit of large corporates and SMEs
The integration with TAS allows Piteco to offer SWIFT connectivity in the cloud with significant savings in costs and implementation time
Milan, 16 March 2022 - Agreement signed between Piteco (PITE: IM), an Italian software house delivering corporate treasury and financial planning management solutions, and TAS (TAS: EXM), specialized in software solutions for e-money, payments and financial services. This strategic collaboration starts with the aim of supporting the international growth strategies of corporates by simplifying their access to the SWIFT network - Society for Worldwide Interbank Financial Telecommunication - the main network used by banks for fast and secure cross-border payments. Thanks to the cloud integration of TAS's Swift Service Bureau with Piteco software, a single platform is unlocked, capable of providing seamless SaaS access to SWIFTnet. The use of the cloud guarantees a rapid activation of the service - which becomes plug and play - generating savings for businesses in terms of economic investment and time required to go live, while ensuring all the security that the cloud can guarantee today. User profiling, access control, Segregation of Duty, Audit Log, Privacy, authentication methods and Active Directory / LDAP are just some of the aspects and functions that Piteco manages with the utmost attention during the implementation of its SaaS solutions. The simplicity and efficiency of the newly embedded SWIFT access enables faster adoption by smaller companies with a strong vocation for international markets, who need to manage finance in a centralized and automated way. In Italy there are many SMEs expressing excellence and entrepreneurial ability, who look beyond domestic borders, making a decisive contribution to Italian exports. Through its comprehensive banking connectivity hub, Piteco normalizes and processes various international messaging protocols used by corporate treasuries to initiate payments or receive bank statements. Piteco’s hub integrates the corporates authorization workflows and allows payments to be made nationally or internationally in a safe, efficient and highly automated way, with the convenience and advantage for business managers of being able to approve them anywhere via web or mobile apps. “The strategic nature of the SWIFT network is now quite evident. We are talking about a universal, secure interchange infrastructure, with more than 11 thousand different member companies in over 200 countries, exchanging over 42 million messages daily. An impressive number, that has been growing also thanks to the digitization imposed by the pandemic”- commented Paolo Virenti, CEO of Piteco. "The partnership with TAS gives us the opportunity to integrate our software with even more ease with all the banking counterparties in the world, - continues Virenti - through the creation of a single platform we are able to simplify our customer management, and complete definitively our identity as an international banking connectivity hub and, above all, an effective tool to support the growth of companies. A role that sees us daily committed to developing solutions and agreements that can, as in this case, lead to functionalities that make it possible to lighten the work of the CFOs of large companies, and increasingly also of small and medium ones, helping them to better manage the governance of cash flows and thus freeing up precious time to define strategies ". Valentino Bravi, CEO of TAS, adds: "By creating an integrated operating model with an Italian excellence such as Piteco, TAS confirms its role of enabler of payment services for corporates and their integration with the financial industry. This collaboration model confirms the great potential, that in my opinion is still partially unexpressed, available for Italian excellences in the digitalization sector to grasp both in the domestic and international market." Partnering with TAS once again underlines the ability of Piteco, constantly committed to the integration of innovative solutions, to support CFOs of national and international corporates in their daily activities. The most advanced treasury solutions available on the market and delivered in the cloud combined with banking connectivity in fact allow CFOs to manage treasury flows even more effectively. Thanks to the automation of data collection and analysis, CFOs will enjoy a single centralized view of corporate data around the world, updated in real time. The collaboration between Piteco and TAS Group is not limited to the SWIFT theme, it will also extend to the field of Open Banking and Open Finance with the aim of fully exploiting all the opportunities offered by the European PSD2 regulation. Download the Press ReleaseLiquidity Is Your Financial Institution’s Most Valued Asset
David Chance and Mario Mendia speak to Finextra TV about the need for accurate, timely, and proactive liquidity management and payments solutions…
Fiserv selects Aquarius to unlock real-time 360° visibility into liquidity positions for Financial Institutions
Today Fiserv, a leading global provider of payments and financial services technology solutions, announced the availability of superior liquidity management capabilities through the introduction of TAS Aquarius offered in combination with its Enterprise Payments Platform.
The collaborative approach between Fiserv and TAS in the Banking Treasury space will allow financial institutions to accelerate their digital strategies through best of breed technology.
Closing of the indirect acquisition of TAS S.p.A. by Solidus BidCo S.p.A.
TAS migrates POS payment acceptance services to the cloud using Amazon Web Services and certifies itself as PCI-DSS Level 1 Service Provider
Payments modernisation – challenges and opportunities for Bulgarian banks
The webinar, organized by our Partner Fiserv, is now avaiable on demand …
TAS Group is certified as PCI-DSS Level 1 Service Provider
TAS Group’s POS payment acceptance services have been successfully migrated to the Cloud, with no disruption to the live merchants. The new infrastructure is based on containers (Kubernetes) and makes extensive use of Amazon Web Services (AWS) PaaS services, including Amazon Elastic Kubernetes Service (Amazon EKS) and Amazon Aurora.
In addition to the proven advantages typical of the Cloud technology - such as scalability, simplification of Business Continuity, redundancy, the possibility of decreasing the effort dedicated to infrastructure management - the decision to migrate to AWS Cloud was driven by the PCI certification already obtained by this provider, a market leader in the Finance sector.
"AWS Italy has supported our team in a very effective way, both in the design and in the execution of the project," declared Andrea Paolini, IT Infrastructure Manager of TAS Group, "allowing us to obtain the PCI DSS compliance certification at the beginning of November, a few months after the launch of the initiative, and in time to face the hottest period of the year for e-commerce and in-store purchases."
The new service configuration offered by TAS Group is based on AWS regional infrastructures in Dublin, Frankfurt and Milan. The overall infrastructure is also integral part of TAS Global Payment Platform, the highly modular new enterprise payment processing architecture developed by TAS to serve both incumbents and new entrants in the Open Banking and Open Finance ecosystem.
TAS Group’s payment gateway adds an MNGS access for VISA transactions
Being able to communicate in a “brand agnostic way” is proving valuable for fintechs who are scaling up their card business in the rapidly evolving digital payments landscape.
TAS Group successfully launched its MNGS proposition in the US Region back in 2020, and has now added a first client leveraging this channel also for VISA transactions.
Thanks to the established partnership with Mastercard, TAS is able to offer simplicity and reduced unitary costs to customers who are building up their volumes supporting their end-customers preferred choice of payment methods.
Contact us
Get in touch to discover how we can help in achieving your business goals