Insights

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.  

SIBOS MEET THE EXPERTS SESSION

The Eurosystem Market infrastructure has recently gone through unprecedented changes: with T2S, TIPS, ESMIG and the Target2 Consolidation we are seeing quite a revolution, maybe for this reason the last step of the programme, ECMS, seems far from the industry spotlights.
The Migration to the European Collateral Management System will mandatory happen in November 2023, with consequences and impacts that may be wider than expected.

Based on ISO20022 standards, with ECMS the central banking collateral mobility takes a step forward, integrates with T2S and Triparty services, providing the opportunity of smoother funding across Europe but requiring higher cybersecurity standards from all participants, new billing standards (CMH-TF) to CSDs and Custodians and better visibility of available liquid assets across the bank’s different businesses.

Many banks have already completed their ECMS assessment: can they afford this evolution keeping manual activities and fragmented processes or does their collateral management need a digital acceleration?

Speakers:

Mario Mendia, Senior Vice President - TAS

Roberto Bruschi, Executive Subject Matter Expert Capital Markets and Treasury - TAS

Watch the webinar

The new release of the Aquarius Securities Settlement module evolves towards an agile and modular management of all the features referred to domestic and international Settlement . The strength of the solution is given by an advanced management of the Standard Settlement Instructions (SSI), which allows the highest rate of Straight Through Processing within the settlement chain. The combination guarantees an innovative, flexible and effective solution, both for Banks that operate directly with CSD / ICSD, and for Banks that use Depositaries or Global Custodians. The application works in perfect synergy and synchronous with Aquarius Cash and Collateral functions, improving the efficiency, response and operational extension of the overall Aquarius platform. With regard to regulatory compliance, a new module has been released to cover CSDR Penalty specifications (whose go-live is scheduled for February 2022). This module allows users to check the calculations received by the CSDs or the Depositaries and, at the same time, verify them with a simulation mechanism. The support provided to the Back Office is complete and allows the customer to better manage the new penalty mechanism, through the following main features:

• immediate loading and management of received reports, whether in standard or proprietary format;
• calculation simulations to verify the penalties applied;
• data extraction to create statistics and highlight the riskiest situations;
• User dashboard, to monitor the daily and monthly trend of the penalty amounts, with aggregated and detailed data reachable with a simple drilldown mechanism;
• penalties total amounts forecasting ;
• Risk Dashboard to highlight potential buy-in situations, with dedicated analysis depending on the financial instrument type.

The CSDR Penalty module also provides features for the transmission of the received information of the daily and monthly reports to the Back Office applications and to any Institutional Customers. Contact our experts to find out more.

Milan, September 14, 2021 – 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 2021 IDC FinTech Rankings for the 13th consecutive year. This 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 2020 calendar year revenues attributed to financial institutions.

“Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” states Marc DeCastro, Research Director at IDC Financial Insights. “The IDC Fintech Rankings, now in its 18th year, is the global standard list of fintech providers to the industry, and we congratulate the 2021 winners.”

Executive Chairman of TAS Group, Dario Pardi, remarked, "We are proud to be firmly positioned, year after year, between the top financial technology providers in this prestigious ranking. 2020 was a year marked by extraordinary events and consequently particularly demanding and challenging. Nevertheless, we closed it with significant growth in revenue and margins, thanks to our continuous commitment to investing in human capital and offering renewal. This enables us to successfully bring competitive and technologically advanced solutions to the Financial Industry." 

The Financial Services ecosystem, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach $590 billion (USD) by 2025, is changing at an unprecedented pace. Well-funded new market entrants, as well as big tech companies, have raised the bar for all providers. TAS Group’s efforts are heavily focused towards accelerating challengers’ next-gen financial experiences implementations, while supporting incumbent customers in meeting disruption with modernization and staying agile and responsive through TAS’s outstanding technology and expertise.

At Eurosystem level, TAS keeps strengthening its key role in supporting Europe’s financial community meeting the deadlines of the T2/T2S Consolidation in 2022 and the wider upcoming challenges, such as the migration towards ISO20022 and the new centralized ECMS infrastructure planned to go live in 2023.

In the Issuing and Acquiring domain, TAS continues to lead the way towards the seamless convergence between cards and alternative payments through its cloud-native, Open API-based platform PayStorm, adopted by a growing FinTech customer base throughout Europe and the Americas.

Among TAS’s strengths is the flexibility to adapt to the needs of customers and partners, guaranteed by its solutions and delivery models that promptly evolve with new regulations, market trends and technologies.

This short paper, recently issued by the EBA Liquidity Management Working Group (LMWG), highlights the major trends that the pandemic helped crystallise in the liquidity management ecosystem and outlines the questions that financial institutions will have to address as they continue to support their corporate clients.

TAS Group has been part of EBA’s Liquidity Management Working Group for several years already, in order to contribute with its domain expertise to the group’s mission to improve liquidity managers’ understanding and ability to face ongoing market developments as well as related technical, operational, regulatory and organisational challenges.

The migration of liquidity management practices into the digital area and to real-time processes can’t wait longer. The pandemic crisis has shown that, going forward, corporates need technologies and services that can be more readily adopted or more easily adapted to handle unforeseen situations.

Download the report factsheet

EBA members can download the full report on the EBA Member Portal