Insights

Cyber attacks suffered by companies and institutions of any industry, including the Finance sector, are constantly intensifying. Statistics show a clear unstoppable increase in both the volumes and the severity of events caused by more and more sophisticated and organized actors. No doubt that cyber- ​​and data-protection are today a top priority for all financial ecosystem companies. In this context, TAS has recently signed two important agreements, the first at Group level with Synopsys and the second with Acronis through the French subsidiary TAS France. The adoption by TAS’ Software Factory of the flagship suite of Synopsys, a leading American company in Application Security Testing, will guarantee the development of secure code using advanced BSIMM (Building Software In Maturity Model) tools and methodologies, further increasing the security of the software provided to our customers. On the other hand, the hosting and cloud computing services delivered by TAS France combined with the management and information security solutions of Acronis, a global leader in cyber protection, will offer an undeniable added value to the customers served by the Sophia Antipolis Data Center: improved customer experience enhanced with greater security and cyber resilience. Find out more about the TAS & Synopsys agreement  Learn more about the TAS Cloud Services & Acronis agreement 

Milan, June 23^rd 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

The mandatory tender offer promoted by Solidus BidCo S.p.A., a company controlled by Rivean Capital Fund (formerly Gilde Buy Out Fund), ended on 11 May 2022 with the revocation on the same date of the listing of TAS’s ordinary shares on Euronext Milan (so-called delisting). Upon completion of the aforementioned process, Rivean Capital confirms itself as the (indirect) majority shareholder in the share capital of TAS S.p.A.. The new phase of governance of the Group is now opening, again led by the Chief Executive Officer Valentino Bravi, who indirectly maintained a minority stake in the company's share capital. Stay tuned!  

Total revenues up 5.4% to 65 million euros. EBITDA at 15.7 million euros (EBITDA margin 24.1%).

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.