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Press Release - JULY 20 2020
Tags: Press Release, TAS Group

TAS Group strengthens its market position in the Liquidity & Collateral Management segment

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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