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Press Release
TAS

TAS transforms its brand to reflect the new vision of the Group

Milan, 22 September 2022 - The rebranding unveils a new logo and a completely revised website for a tailored customer experience

The new governance and the delisting from the stock exchange, completed in the first half of 2022, has opened a new chapter for TAS, a leading Software Provider specialized in financial services and platform solutions, with offices in 9 countries spanning Europe and the Americas.

This new chapter has triggered a corporate rebranding that reflects the company's recent transformation, but above all its ambition to accelerate growth internationally.

Founded in 1982 and then a pioneer in the digitization of payment and finance processes for the Italian banking sector, TAS has over a 40 years period evolved to become a key solution provider, supporting the evolution of financial transactions, while extending its operations and capabilities internationally.

In today's increasingly open and competitive market landscape, TAS stands out as an enabler of new customer journeys for established players as well as new market entrants. As a reliable partner, TAS is able to propose innovative technological solutions that allow clients to increase and strengthen their market positioning.

The new group logo is inspired by TAS' ability to evolve, while ensuring consistency and stability in its services and platform solutions.

 “The graphics accompanying our new logo express these concepts through the color gradient that changes within a coherent shape, always maintaining the harmony of the final solution” explainsMarina Jacobone, Marketing Director of TAS. “The components of the symbol adapt to be able to live independently but also united, to work together and at the same time to be able to easily integrate the new, represented by the orange shape. For TAS, modularity is key. "

TAS's mission revolves around the keyword "simplify":

  • simplify technological complexity so that customers can focus on their business;
  • simplify the adoption of new applications thanks to the modularity of the solutions and their cloud capabilities;
  • simplify compliance with standards and regulations by providing solutions that can be easily integrated with the client’s existing solutions;
  • simplify project management by entrusting them to the experience of TAS.

A constant commitment to conceive and provide future-proof solutions that facilitate the evolution of financial services at a domestic and cross-border level, favouring the harmonious development of the entire ecosystem for the benefit of banks, investors, businesses, citizens and the general public.

" 2022 was a significant year for us given the investment by Rivean Capital Fund. Rivean gave us new resources to dedicate to the many projects we are investing in, but also helped accelerate the effective roll -out of our unique Global Payment Platform, which is already seeing significant interest across multiple verticals in non-banking industries, such as Insurance, Retailers, On-line Merchants, Utilities and more. "comments CEO Valentino Bravi -" Via this new brand, we wanted to communicate the step change of pace by TAS, while referring to the spirit of our teams, founded on deep expertise and driven by enthusiasm, curiosity and creativity. "

The new website is now live at www.tasgroup.eu

News
Press Release
TAS

TAS Group earns again its place in the 2022 IDC FinTech Rankings

Milan, September 13, 2022 – TAS Group, 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 2022 IDC FinTech Rankings for the 14th consecutive year. The IDC FinTech Rankings evaluates and categorizes the top IT vendors based on 2021 calendar year revenues and the percentage of revenues exclusively attributed to financial institutions, including banks, capital markets firms, and insurers or directly to fintech solution providers for hardware, software, and/or services.

“IDC is honored to recognize the technology providers that appear on the 19 th annual IDC FinTech Rankings,” said Marc DeCastro, Research Director at IDC Financial Insights. “These are the companies that have shown commitment to the financial services industry and their appearance on the list is a testament to that dedication.

Valentino Bravi, Chairman and CEO at TAS Group, remarked, " We really appreciate our inclusion in this renowned and independent Ranking, year after year. In 2021 TAS’s resilience and continuous improvements were also recognised by the VC world, with the acquisition of majority control of the company by Rivean Capital private equity. Excelling in Financial Technology to support the Banking Industry and new challenger enterprises navigate disrupted market forces is our first commitment; one that we pursue with passion and tireless teamwork."

Andrew Quartermaine, COO International Markets, added, " There is a clear need for SW Solution providers who understand the Open Finance market, a landscape being significantly reshaped by the regulatory environment in Europe and beyond. Given TAS’ size and experienced track record, we can show outstanding flexibility, ensuring effective partnerships and growth together with our customers.

The impact of technology on business and human life is becoming more and more strategic in the last decade. Collaboration and innovation are key recipes for leading technology suppliers, such as TAS, who has been strongly leveraging cloud and open API technology to build SaaS enabled platforms for banks, improving their time to market and ability to adapt rapidly to changing regulatory demands.

TAS Global Payment Platform (GPP) has its roots in synergistic integration of software components in the fields of transaction banking, financial value chain services, cards and account-based payments. Conceived “as a service” to both incumbent and challenger players of the Payments Ecosystem, its rich set of APIs allows seamlessly integration with existing architectures, and with modern, white-labelled BaaS solutions.

At Eurosystem level TAS continues to support Europe’s financial community in meeting T2/T2S Consolidation deadlines, ECMS and SWIFT FIN’s migration towards ISO20022.

In the Issuing and Acquiring domain TAS continues to attract a growing FinTech customer base throughout Europe and the Americas based on the extreme flexibility and embedded compliance of its solutions.

News
Press Release
TAS

TAS continues in the strategic M&A direction with Krisopea

Milan - August 2, 2022 - TAS SpA, leader in Italy in the supply of software and services for banking and financial applications, mother company of a group also present in Europe and America (hereinafter "TAS Group"), announces the acquisition today by its subsidiary Global Payments S.p.A. of the entire share capital of Krisopea Srl (hereinafter "Krisopea"), a technological and business consulting company in the field of payment systems, founded in 2001 in Milan. The entry into the Group comes a few days after the acquisition of ASTRO IT, announced on July 26, demonstrating the acceleration in non-organic growth driven by Rivean Capital, the Private Equity Fund that became TAS Group’ s majority shareholder in early 2022. Krisopea boasts twenty years of expertise in supporting major Italian Fintech clients on topics like Open Banking and PSD2, Digital Banking, Multichannel and Digital Transformation, all core themes of TAS Group’s value proposition and therefore a precious asset to enhance the productive and innovative capacity of its project teams. “With Krisopea we share SW development methodology, customer centric culture, customer base, attention to human capital and much more. - comments Valentino Bravi, CEO at TAS Group, - I am sure that the synergy between our two companies will allow us to further improve our offering and our customer relationships. I have always been a Made-in-Italy advocate also in the ICT field, and this acquisition further confirms this belief". “Krisopea is an important step towards the evolution of our group as a center of excellence for the development and innovation of payment solutions and services. The growth path we are pursuing involves the acquisition of complementary companies to TAS, and Krisopea perfectly reflects this characteristic” commented Fabio Bravi, Head of M&A, Special Projects and Corporate Developments. "Entering TAS Group, a leading group in the Fintech sector, is for Krisopea the result of a twenty-year path of constant growth and a source of pride for me. A prestigious goal, achieved thanks to the commitment and professionalism of all our employees and collaborators. I want to thank Valentino and Fabio Bravi for the trust placed in our company, with the shared goal of bringing greater value to the group and to our customers. " - declares Flavio Suigo, CEO and Founder of Krisopea. TAS Group was assisted in the transaction by KPMG as financial advisor and by Lexia Avvocati for the legal aspects. Download the press release
News
Press Release
TAS

TAS hires Andrew Quartermaine as COO and General Manager of International Business

Milan — July 28, 2022 — TAS S.p.A. (hereinafter “TAS”), a leading company in the supply of software and services for banking and financial applications, in Europe and the Americas, hired Andrew Quartermaine as Chief Operating Officer and General Manager of TAS International Business. Andrew brings with him nearly thirty years of experience in the Payments Industry. He has been involved in successful start-up businesses and has held a number of senior positions in large multinational corporations, including NCR, First Data Corporation and more recently ACI where Andrew, in the past 7 years, held the role of Director Merchant Retail Europe and Vice President Customer Success. Andrew’s specific expertise in P&L management, customer relationship management and new market entry strategy makes him a perfect fit for TAS’ ambitions to boost its growth in the International Market, leveraging a best in class payments platform. The recent change of governance driven by Rivean Capital Private Equity Fund who acquired TAS Group in Q1 this year further aligns to the growth strategy of TAS. Valentino Bravi, CEO of TAS, said “We’re very excited to have Andrew on board. Through his strong track record in multiple sectors across multiple geographies and EU regions, I am sure he will inspire and empower our growing international team.” Andrew Quartermaine added “I am very pleased to be joining TAS and am excited by the challenge of expanding the business internationally. I believe the solutions TAS has within its portfolio, the partnerships which are in place, the quality of the TAS teams and the support being provided by Rivean Capital will enable the company to capitalize on opportunities which exist”. Download Press Release
News
Press Release
TAS

ASTRO IT joins TAS Group

Milan — July 26, 2022 — TAS S.p.A. (hereinafter “TAS”), a leading company in Italy in the supply of software and services for banking and financial applications, also present in Europe and America, has today finalized the acquisition of the entire share capital of ASTRO IT S.r.l. (hereinafter “ASTRO IT”), a company specialized in the application management and system integration of software solutions for banking, insurance and large corporates. The relevant experience and know-how held by ASTRO IT in the field of application management, regulatory compliance and process optimization represent a qualitative as well as quantitative enrichment of the production capacity of TAS. “Acquisitions are an important element of the strategic growth plan of TAS, as well as for the strengthening of the skills and for the staffing of teams for the launch of new digital transformation projects and solutions, - comments Fabio Bravi, Head of M&A, special projects and corporate developments of TAS, and digitalization is among the primary objectives of TAS’s target customers.”Integrating ASTRO IT into the TAS family means consolidating the work done together in recent years. - comments Valentino Bravi, CEO - I take this opportunity to welcome the shareholders and all employees and collaborators of this reality, beginning a new development path together with us”. “After a few years of close collaboration, joining TAS Group makes us proud and gives us a great stimulus to jointly face the new challenges and growing opportunities that market offers” - declares Giuseppe Muzzioli, General Manager of ASTRO IT. The acquisition adds another piece to the consultancy and delivery capabilities of TAS Group in the field of payment services and capital markets. Download the press release
News
Press Release
TAS

TAS increases the security level of its software thanks to Synopsys’ best in class solutions

Milan, June 23rd 2022 - Given the unstoppable increase in cybersecurity risks, no organization can avoid constantly investing in the security of its systems to protect itself and its customers. Hence, it is increasingly important for software developers to have products and services that analyse and test the robustness of applications against fraud attacks. This is even more true for companies like TAS, whose core business is linked to the development of mission critical solutions for customers in the Finance world, a sector where security is a top priority, considering the potential implications of vulnerability on the stability of the entire payments ecosystem. In fact, Tas is one of the few Fintech providers admitted to the Italian CERTFin community, which brings together banks and technology suppliers relevant to the Payment Systems, in order to increase the IT risk management capacity of financial operators and the cyber resilience of the Italian financial system as a whole. To further improve the security of its applications, TAS has recently signed an agreement for the entire Group with Synopsys, a global company headquartered in the United States, which has worked in recent years on the expansion of their suite of Application Security Testing tools with a great response from the market, proving the high quality of their solutions. “According to Gartner, by 2025, 70% of cyber-attacks will come from known vulnerabilities and misconfigurations that could have been fixed earlier. At TAS, due to the nature of our business, we are even more attentive than others to these issues and we like to “play ahead” whenever possible. For this reason, we have decided to adopt the complete suite of Synopsys solutions. Synopsys is the undisputed world leader in all areas concerning the secure development of the code, so we are convinced that we have made the right choice for us, but above all, to be able to offer a really important added value to all our customers” – comments Fabrizio Brintazzoli, Cybersecurity Officer of TAS. “Synopsys specializes in Application Security. Always alongside our Partners, we offer advanced BSIMM (Building Software In Maturity Model) tools and methodologies in the development of secure code. Synopsys invests every year in R&D and acquisitions in order to expand the product portfolio by guaranteeing complete SDLC solutions. We are honoured by the agreement signed with TAS which will offer its customers software developed with a safe methodological approach” - adds Emanuele Burali d'Arezzo, Regional Sales Manager at Synopsys Software Integrity Group. The adoption of Synopsys solutions by TAS Software Factory has already begun in Italy and it will be extended in the coming months to the other European TAS Group branches. Download the press release
News
card & digital payments
Press Release

Infraxis showcasing its comprehensive Fuel technology at UNITI EXPO

Lugano, 9 May 2022 – Infraxis AG, part of TAS Group, a leading technology provider in the Payments space, will be exhibiting at the upcoming UNITI EXPO taking place in Stuttgart from May 17 through 19. We’re proud to be at UNITI 2022, where we’ll be co-exhibiting with CCCBusiness Service AG, our processor partner servicing the top forecourt operators and fuel card issuers in Switzerland and beyond.

The state of the art PayStorm Fuel platform is powering CCC business by supporting leading Fuel Industry operators on a daily basis. Infraxis is continually investing in the PayStorm platform, bringing the challenger bank paradigm to the processing of fleet cards, forecourt acquiring and EV charging apps.

PayStorm efficiently solves challenges associated with acquiring and authorizing fuel card payments through its highly adaptable design, enabling the realization of different business needs within the minimum of time and with the minimum of cost.

Whether your organization needs to acquire internationally branded cards, perform authorisation against a small to medium sized card portfolio, or to simply to switch out to a card issuer for authorisation, Infraxis has the solution ready to satisfy your processing requirements.”- commented Manfred Thomi, CEO of Infraxis.

At the UNITI Expo Infraxis stand visitors will be able to assess the ease of app integration via APIs for mobile-first onboarding and self-management for both fleet cards and international payment brands.

UNITI Expo, the leading retail petroleum and car wash trade fair in Europe, is finally back in-person, with 4 themed exhibiting areas. Infraxis AG welcomes all interested visitors in Hall 5, the Technology, Payment & Logistic area, at booth 5A20.

News
payment networks
Press Release

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 Release
News
Press Release
TAS

Closing of the indirect acquisition of TAS S.p.A. by Solidus BidCo S.p.A.

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