Milano, Italia – 08 May 2017 – TAS Group, a leader in financial technology solutions, begins new projects with leading European banks supporting the company’s international expansion goals. TAS is gaining recognition as leading vendor of software applications for liquidity management in central bank and commercial bank money and for regulatory reporting for MIFID II, EMIR and FINFRAG, as many financial institutions based in Europe integrate its Aquarius and Orizzonte suites.
The most recent wins with Banco Sabadell in Spain and Julius Baer in Switzerland, predicated on the quality of execution on prior projects, open up additional opportunities for TAS Group to develop state-of-the-art solutions further confirming product strategy and enlarging its customer base.
Initiated only 30 months ago, the Aquarius platform – designed to improve cash and liquid assets management over T2S, Target 2 and Correspondent Banking – has been adopted by several customers. This wide recognition is pushing product development forward with updates for Instant Payments Liquidity Management, set to launch later in 2017, addressing new needs and customers joining the Aquarius Community.
The joint collaboration with NewSoft for Orizzonte Regulatory Reporting is gaining ground in international markets, not only for the EMIR and FINFRAG modules widely used by the financial community, but also for the new MiFID II Transaction Reporting module already selected by prominent banks in Europe. The Directive on Markets in Financial Instruments will be in force by January 2, 2018, driving high levels of customer interest for Orizzonte.
Mario Mendia, Head of Capital Markets &Treasury at TAS Group, said: “The market-wide recognition confirms the effectiveness of our product strategy and the value of the team behind it. I want to thank all our customers for their loyalty in choosing TAS solutions. We are focused on continuously earn their loyalty improving our products and capabilities in response to their needs.”