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TAS

TAS Group invests in wearables fintech Flywallet

Milan (Italy), 22 June 2021– Flywallet S.r.l. (“Flywallet”), the innovative startup that created a digital platform for enabling payments and services through wearable devices with biometric authentication, has signed a reserved investment agreement for the entry of Global Payment S.p.A. (“GP”), a subsidiary of TAS Group’s mother company TAS S.p.A., into the capital with a minority stake.

TAS Group is a multinational company, whose payment software solutions are adopted by commercial and central banks throughout Europe and beyond. More than 100 million payment cards are managed by TAS platforms worldwide. Thanks to its leadership, TAS Group will be a vehicle to accelerate the go-to-market for Flywallet’s mobile wallet, the world’s first for tokenizing payment cards on wearables with biometric authentication. The partnership will also result in a commercial agreement under which GP will distribute Flywallet’s wearables and service platform to TAS Group's business customers.

Keyable Flywallet

Flywallet’s flagship product is named Keyble, a new type of wearable that adapts to the user’s lifestyle, created with eco-friendly materials and inspired by made-in-Italy styles. It consists of a smart device that can be inserted into fashion accessories such as bracelets or watch straps and is equipped with biometric sensors for user authentication and health monitoring.

Through fingerprints or heartbeat measured via ECG, the user can enable in-store contactless payments, passwordless logins to online services, ticketing, loyalty cards, access to gyms, offices and homes, car door locks, digital identity and more. In early 2022, the wearable will be certified as a medical device capable to perform analysis of cardiac arrhythmias, blood oxygen saturation and body temperature.

Flywallet is proposing a unique “Biometric Wearable Platform as a Service” model for e-money and payment institutions, banks, insurance companies and businesses. By connecting via dedicated APIs, the Flywallet Platform allows Partner companies to deliver new types of digital services easily and securely through the proprietary wearables.

Valentino Bravi, CEO of TAS stated: “At TAS, we have always applied the principles of “continuous innovation” to ensure the market a constant technological and functional evolution of our products and services, both through significant investments in R&D - more than 10% of our revenues in the last decade - and through the acquisition of innovative companies.

In 2019, for example, the acquisition of Mantica enabled us to expand our offerings in the Machine Learning and Artificial Intelligence areas.

Today, we are investing in Flywallet because we are convinced that offering wearable technology that is customizable and adaptable to our customers’ user experiences is a critical success factor.

We also appreciate that this project gives us the opportunity to reaffirm our decades-long commitment to promoting Italian technology in a sector that will undoubtedly improve our lives and make them more secure in the years to come.”

Lorenzo Frollini, Founder and CEO of Flywallet added: “It is an honour for Flywallet to count TAS among its shareholders and partners. Between TAS and Flywallet there is a perfect strategic fit and a total sharing of the company’s core values, including customer centricity and a relentless pursuit of service quality. In the medium term, the strategic partnership with TAS will also allow Flywallet to expand its range of services through the opportunities offered by PSD2.”

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certifications
TAS

TAS Group: ISO 27001 certification acquired also for the parent company and the subsidiary Global Payments

We are proud to announce that the companies TAS SpA and Global Payments SpA have obtained the UNI CEI EN ISO / IEC 27001: 2017 (information security management system) certification, following audits carried out between April and May this year. On this occasion, Mantica srl, the TAS Group company specialized in Machine Learning, also passed the audit with flying colours and obtained the UNI EN ISO 9001: 2015 certification for its quality management system. These latest achievements are added to the already acquired ISO 9001: 2015 certifications by TAS SpA, Global Payments and TAS France, the latter became ISO 27001: 2017 certified already in 2019. We have always invested in the safety of our solutions. This is why we believe the new ISO 27001 certification is fundamental and strategic in a historical moment in which information security issues are crucial in protecting the integrity and security of data in all its forms and guaranteeing the privacy and protection of information, both for the company and our customers. The extension of the ISO 9001 certification also to Mantica for the field of application "Design and provision of specialist consulting services for data analysis, data science, machine learning, including the supply, development, installation and support of dedicated software tools” strengthens TAS's capacity in the AI ​/ML sector, where we are distinguishing ourselves with cutting-edge solutions for the Banking sector. ISO 27001 TAS S.p.A Certification ISO 27001 Global Payments Certification  ISO 27001 TAS France certification
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TAS

TAS Group Interim Management Report: all economic indicators show continued growth

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Press Release
TAS

Blockchain at the service of road accidents

Sophia-Antipolis, France, 9 April 2021 -  In February 2021, Université Côte d'Azur-CNRS Electronics, Antennas and Telecommunications laboratory (LEAT) and TAS Group formed a partnership to test performance and explore prospects for a large-scale deployment of blockchain used to secure and authenticate data for the activation of smart contracts. These new technologies could, for example, revolutionize the way in which claims between connected vehicles are managed in the coming years. A blockchain use case studied at the LEAT laboratory of Université Côte d'Azur, part of the French National Center for Scientific Research (CNRS) Today, in the event of a road accident, the insurer consolidates data resulting from a report filled in by hand by the protagonists. This data may be, intentionally or not, incomplete or even false. In the future, a device installed in the vehicle could send data automatically collected on the vehicle (identity and vital functions of the driver, speed, positioning of the vehicles, etc.) to a blockchain. A Smart Contract could then process this data in a completely decentralized, more objective, fairer and more secure manner. The claims for loss and follow-up provided by the insurance company could be triggered automatically based on this data. This use case is the one selected by LEAT for its Smart IoT for Mobility project led by Prof. Verdier, in partnership with Renault Software Labs and Symag (BNP Paribas subsidiary). Started in 2017, it can now count on TAS Group technology to move on to a larger-scale testing phase. Why TAS Group? Through the partnership, TAS Group provides LEAT with a cloud service platform for containerized applications and brings its expertise in application cloudification to the laboratory. LEAT's exploratory work will thus be brought to the Cloud while adapting and respecting the different types of process. This will allow researchers to benefit from a network test architecture to study the behaviour of models developed in their laboratory and very realistically simulate the deployment of their applications. The containerization of the blockchain will allow the use of micro-services to facilitate the deployment and orchestration of the architecture. The solution will also allow the adoption of agile methods based on "DevOps" principles. What is blockchain? A blockchain is like a database in which the information entered is neither editable nor deleted, and is publicly readable and cryptographically secure. Blockchain is based on the principle of collective trust. By entrusting the validation of a transaction to a multiplicity of computers rather than to a human, a fallible trusted third party, the risk of error, fraud or corruption is eliminated. What are Smart Contracts? Smart Contracts are the natural evolution of blockchain. These "smart contracts" are computer programs stored in a blockchain, designed to automatically execute a set of predefined instructions, based on data from the blockchain. They are automatically executed and self-enforcing contracts. They are governed, without possible dispute, by the explicit terms and conditions set out therein, without one or more people, often qualified as trusted third parties, having to intervene to establish their authenticity and trigger the execution. In the case of vehicle insurance contracts, this new generation of contracts could replace traditional contracts in the future. Download the press release
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Press Release
TAS

TAS Group closes 2020 with significant growth

Today the Board of Directors of TAS approved the 2020 consolidated financial statements of the Group. All economic and financial indicators on the rise : total revenues and core revenues respectively at 61.7 million euros and 60.9 million euros. Consolidated net profit up to 8.8 million euros compared to 5.9 million in the previous year. Dario Pardi, chairman of TAS Group, expressed satisfaction and pride for the excellent results achieved in a particularly demanding and challenging year, in which TAS courageously invested in an increase in human resources, demonstrating the Group's consolidated financial capacity. The three main lines of development in 2020 were: the consolidation of strategic collaborations, the inorganic growth with the acquisition of Infraxis AG , a leading player in the world of digital payments in the Swiss and German markets and the important investments in the Group’s platforms and services. Talking about investments, CEO Valentino Bravi underlined the important share of more than 10% of revenues destined in 2020 for the innovation of solutions, which made it possible to progress in the development of the Global Payments Platform offered both on-premise or in PaaS (Platform as a Service) mode, in the completion of the  Aquarius platform for the ESMIG project for the new Target services of the European Central Bank, and in the strengthening of the PaaS delivery model related to the payment and e-money product suites. Read the full press release in the Investor section.  
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Press Release
TAS

Hosting: TAS Group enters into a partnership with Symag for the provision of cloud payment services

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TAS

Our 2020 in Review

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Press Release
TAS

TAS Group Q3 results: revenues and margins continue to grow

The results of the interim management report at 30 September 2020, approved by the Board of Directors on 13 November, show an improvement across all indicators compared to the same period of the previous year.

Core revenues are up by 9.1% and the net result for the period is showing a sharp increase compared to a substantial break even in the first nine months of 2019.

Chairman Pardi and CEO Bravi expressed their satisfaction with this positive and consolidated trend, confirming the validity of the Group's business model, the innovation strategies and the alliances put in place with important players in the sector that have allowed growth despite the difficult situation that affected all sectors due to the COVID-19 pandemic.

 

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TAS

TAS Group supports the virtual relay race “BNL for Telethon” in favour of research on genetic diseases

For several years, TAS Group has been a sponsor of the initiative of BNL, our primary customer, part of the BNP Paribas Group, "Relay race 8x20 BNL for Telethon" to support research on genetic diseases. This year the event will not be held in the usual Roman location of the Baths of Caracalla but will be experienced completely online. Everyone can participate in the place they prefer by running, walking or cycling, alone or in a team with friends and relatives, for 20 minutes or more, and post photos and / or videos on their Social profiles (Facebook, Instagram, Twitter, etc.) by tagging Fondazione Telethon e 8x20 BNL per Telethon to be anyway together in this great commitment of solidarity. For more information visit the dedicated page

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