Insights

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.

 

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.

Milan, October 13, 2020– 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 2020 IDC FinTech Rankings for the 12th consecutive year. The 17th 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 2019 calendar year revenues attributed to financial institutions. The full list for 2020 can be viewed HERE.

Executive Chairman of TAS Group, Dario Pardi, remarked, "We are proud to have been recognized once again among the top fintech players in these prestigiousrankings. Such a result confirms our domain expertise and reinforces our commitment to invest in and deliver innovation and agility to financial operators in today’s dynamic payments ecosystem. We will continue to strive to be the best and to serve the Financial Industry, offering both incumbents and digital challengers alike best-of-breed, leading-edge solutions solutions that are real game changers in today’s highly competitive market place. By empowering our customers to adopt new enabling technologies, they can make digital transformation a reality and overcome legacy challenges.”

The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to exceed $577 billion (USD) by 2024. 

To thrive in a digital economy, financial services organizations must embrace innovative and integrate cutting-edge technology effectively to enhance the customer experience and achieve operational excellence. TAS Group and the vendors featured in the IDC FinTech Rankings, represent those providers committed to helping financial institutions successfully execute their digital transformation initiatives for the betterment of their customers around the world. IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view or download HERE.

TAS has played a key role in supporting Europe’s financial community following the recent regularity and compliance changes mandated, with projects such as the T2/T2S Consolidation and the wider changes to Eurosystem’s TARGET services, the upcoming introduction of ESMIG and a general migration towards ISO20022. As a trusted and experienced partner during past Eurosystem migrations and with its payments solutions running at the heart of the ECB, TAS has been well positioned to offer both technological and advisory support to its customers in light of such challenges. 

In the Issuing and Acquiring domain, TAS continues to lead the way as a provider of innovative digital payments and financial software solutions to banks, PSPs and Fintech throughout Europe and the Americas. Most recently it further enriched its offering by adding a new cloud-native, API-based full microservices proposal that manages all types of payments including a fleet/fuel card solution.   

This innovation-driven strategy and investment in product development have contributed to the Group’s strong financial results this year, seeing a double-digit increase in EBITDA. TAS management is optimistic about the future where digital payments, boosted by the pandemic and the new norm, are expected to continue to grow.

For more information about the rankings, visit HERE and follow on Twitter @IDC and look for #IDCFinTechRankings.

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The consolidated half-year report of TAS Group, approved yesterday by the Board of Directors, highlights a growth in all financial indicators compared to the same period of the previous year, with double-digit increase (13.9%) in the Gross Operating Margin (EBITDA).

Dario Pardi, President of TAS Group, commented: "We are undoubtedly satisfied with the results obtained in the first half of 2020 which see an increase in all indices, in particular in margins, despite the period being characterized by an unprecedented pandemic and which led to containment world-wide, with important repercussions on the economy. These have been important months for us, marked by the conclusion of the corporate reorganization of Global Payments Spa and TAS International S.A., which led to an optimization of skills and an enhancement of assets for the domestic and international market. In addition, we have completed important transactions that will allow us to grow further in the future, particularly internationally. In fact, in June we completed the acquisition of Infraxis AG, a reference reality in the digital payments sector, in the Swiss and German markets, laying the foundations for consolidating our presence in the European market ".

"TAS Group - added Valentino Bravi, CEO of the Group - will continue focusing on technological innovation as the foundation of its business strategy, after an absolutely satisfactory first half. Although the future global economic outlook is uncertain, given the current crisis generated by the pandemic, we can look to the coming months with optimism, also thanks to the boost that digital payments are having, particularly in our home market. We therefore continue our commitment to complete software development projects with the usual determination, focusing investments on innovation and working to confirm our leadership as a company of Italian excellence recognized abroad ".

TAS recently contributed to ESMA’s (European Securities and Markets Authority) regulator consultations on Outsourcing to Cloud Service Providers, offering valuable recommendations on key requirements for financial market participants. The contributions were made as part of ESMA’s three-month public consultation phase on their June publication and will shortly be made available on the Regulator’s website. At TAS we continuously monitor regulatory guidelines and industry best practices to improve our solution delivery capabilities, both for SaaS and Cloud delivery models. We are therefore proud to state that we fully comply with ESMA’s guidelines in all our outsourcing offerings. Below are just a few of our most popular outsourcing solutions for the financial market community: PAG€ - the most convenient way to connect to ESMIG TAS SWIFT Service Bureau – beyond pure network access TAS 3DS Access Control Server (ACS) – secure buyer authentication for e- & m-commerce Hosting/Housing/Cloud @ TAS France (learn more) With more than 35 years of experience in software solutions for e-money, payments and financial markets and playing an active role in the Eurosystem Consolidation Project, we believe we have a responsibility to share our expertise and views with the European Financial Community and are always happy to do so. Working with TAS as your outsourcer means being guaranteed that we have the right focus on the business, as well as the full knowledge and control on the underlining application developed by TAS digital sw factory experts inhouse.

Geneva and Milan, September 14, 2020 - Information Technology and Solutions and Services (ITSS), a global banking software integrator, and TAS Group (TAS), a global provider of digital payments software solutions, are pleased to announce their new strategic alliance aimed at accelerating innovation in Financial Services. Through this partnership, ITSS together with TAS, both Temenos partners, will strengthen their services and be able to offer best-in-class solutions in the area of Payments, Card Management Services and Intraday Liquidity management to Temenos T24 Transact core banking customers worldwide. TAS’s state-of-the-art software allows banks, both incumbents and digital-first challengers, to deliver innovative payments products with a short time-to-market, integrating with and leveraging the latest technologies and making use of rich-data APIs to offer end users a superior customer experience. For over 35 years, TAS, through its deep domain expertise and advanced technology has brought its flexible, secure and high-performance solutions to financial operators around the world. Now, supported through this synergistic partnership, T24 Transact customers can leverage CARD 3.0 IE, a flexible, modular and scalable card issuing, acquiring and processing platform that can be easily and quickly deployed either on-premise or on the cloud. Since 2001, ITSS has been committed to delivering banking technology services and solutions to banks and financial institutions worldwide. As a Temenos partner, it has supported over 220 Temenos clients as a system integrator for all Temenos products including T24 Transact, FCM, Islamic banking, TAP, Multifonds, Inclusive banking and Infinity. ITSS’ global delivery capability and extended service offering enables it to establish long-term partnerships with its clients. Umberto Pardi, Executive Vice President of International Channel Sales, TAS said: “We are delighted to cooperate with fellow Temenos partner, ITSS, a leading system integrator with a global reach and excellent reputation, to bring powerful payments solutions through an extensive library of APIs integrated into T24 Transact core banking to clients in a matter of weeks. Together we enable banks to elevate their market agility in an ever-changing payment ecosystem”. Patrick Jaccoud, CEO, ITSS Global said “We are excited to embark on this mutually beneficial partnership with TAS to offer sophisticated payments solutions to our clients from a renowned partner. As we join forces to strengthen and expand our service delivery to our T24 Transact clients, we are confident that we will accelerate business growth for our clients to remain competitive”.

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Milan, 20 July 2020 - TAS S.p.A. (hereinafter the "Company" or "TAS"), leader in Italy in the supply of software and services for banking and financial applications, also present in Europe and America, announces that it has signed an agreement with Otik to add additional competence to the TAS organisation. Otik Srl is an ICT company specializing in software product design and consultancy in the Finance and Banking sector.

The operation is aimed at further strengthening TAS Group’s leadership in the Italian and European banking market in the area of Liquidity & Collateral Management.

To date, almost 20 financial institutions and interbank service centers have chosen the TAS Aquarius solution for the migration to the new consolidated Target2 /T2–Securities platform.

The initiative undertaken by TAS is also aimed at tackling the launch of the ECMS (European Collateral Management System), the last step among the Eurosystem's Consolidated Target Services, on which TAS is already carrying out analyzes and developments, working in a collaborative manner through the Aquarius User Group in partnership with KPMG and Accenture.

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Milan, Italy, 30 June 2020 - TAS S.p.A. (hereinafter the "Company" or "TAS"), leader in Italy in the supply of software and services for banking and financial applications, also present in Europe and America, announces that today the wholly-owned subsidiary under Swiss law, TAS International SA, in execution of the contract signed on June 8, 2020, has completed the acquisition of 100% of the share capital of the Swiss company Infraxis AG, which in turn holds the entire share capital of the British company Infraxis Ltd (UK).

TAS Group thus expands its presence in Switzerland and Germany, but especially in Great Britain where it is currently not present, strengthening the foundations for further growth in the European market. Thanks to the synergies that will be created on the software platforms with the Infraxis solutions, TAS plans to soon launch a new cloud based and full microservices proposal managing all types payments through a unique platform, to be once again among the promoters in terms of innovation and among the first to guide the transition from e-money to digital payments not only in Italy, but also in the other markets in which it operates, with the ambition to become a leading company also at international level.

With the conclusion of this operation, which determines the integration between two highly competitive and complementary businesses, new horizons for TAS Group beckon. In addition to a significant increase in volumes, an enrichment in human capital, thanks to the professional figures who will join and strengthen the area of research and development, which is essential to guarantee innovative and best of breed solutions to its customers.

The President of TAS Group, Dario Pardi summarized it as follows: “The conclusion of this operation confirms our inorganic growth strategy which accompanies the organic one endorsed by the recently approved Industrial Plan. With this step TAS strengthens its market position in Europe that from today represents for us an international outpost in the world of payments. This partnership and the coming ones under evaluation, are significant milestones aimed at increasing the value of the company to support those who believe and invest with us.”

This is echoed by Valentino Bravi, CEO of TAS Group: “Today TAS is a consolidated reality completely focused on renewal. We are pursuing the goal of an important growth, leveraging our areas of excellence, supported by a continuous search for innovative solutions, by an organic development of our Group and by acquisitions of complementary businesses already consolidated on the market, such as Infraxis. We firmly believe that the synergies in the development of new solutions and the cross selling opportunities, which we will explore in the coming months, will be an important accelerator in achieving the challenging objectives that we have set ourselves."

Manfred Thomi, CEO of Infraxis, comments: “TAS has chosen us and we have chosen TAS. We are ready for the market, we have always been, but today we have, thanks to the union between our already competitive businesses, many more resources on which to rely to offer our customers more and more expertise and innovative solutions".

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Milan, 26 June 2020 - TAS Group completes its internal reorganization aimed at optimizing skills and leveraging the assets of the Group, perfecting the strategic direction for Global Payments SpA and TAS International SA, the two companies created at the beginning of the year to target the Italian and international payments markets respectively.

The Parent Company, TAS SpA, will entrust the coordination of all production activities for the domestic market to Massimiliano Quattrocchi, at TAS Group since 2008 and already head of Global Payments. All commercial development and management activities in Italy will be led by Raffaele Monsorno Monaco, who will also have responsibility for strategic partner management. TAS SpA will continue to be responsible for the provision of administrative and financial services for all Group companies.

Lastly, the position and strategic orientation of the Group in the international markets will also be strengthened, not only through the recent acquisition of Infraxis SA, but by calling on Mario Mendia, previously head of TAS Group’s Capital Markets Business Unit and with previous experience in management consulting, to lead the creation of a consultancy structure to support the organic and inorganic growth of the company.

At Group level, a new Global Channel function has been created, entrusted to Umberto Pardi, who recently joined the Parent Company's Board together with Fabio Bravi, the latter to support President Pardi on special M&A projects. The two new Board members will work in synergy with Mario Mendia to achieve the ambitious goals that form part of the business plan recently approved by the Board of Directors. Download the press release