Payments firm TAS Group announces SWIFT approval

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Valentina Vitali
Valentina Vitali
Research Analyst
Valentina is a Research Analyst and passionate about payments and fintech. Valentin enjoys analysing money transfer companies and the market. In her work, Valentina analyses payments data… Read more
  • TAS Group, which is an online money transfer company as well as a provider of liquidity tools, has been told by SWIFT that its Network Gateway and Aquarius products are now approved to join a key certification scheme.
  • The Network Gateway service is designed to be secure, and offers a variety of APIs for customers to choose from – as well as compatibility with the new ISO 20022 standard.
  • The company pointed out that it was an integral part of the Europe-wide financial system, and that its products were designed to help companies meet their regulatory obligations.

A leading global payments company has confirmed that it has been approved by the financial messaging group SWIFT to join a key certification scheme.

TAS Group, which operates across the international money transfers sector and also offers services such as liquidity management, said that two of its products had been given the green light by SWIFT.

SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunications, will now accept TAS Group’s Aquarius liquidity management system as well as its Network Gateway service.

These products and services meet SWIFT’s Cross-Border Payments and Reporting Plus (CBPR+) message specifications.

In a statement, a leading figure at TAS International highlighted the ways that complications around regulation and compliance would be reduced for companies in the sector.

Gianpiero Caretti, who serves as a senior business development manager at TAS International, said that the firm was re-promising to work harder for its clients.

“TAS’ commitment to bridge compliance complexities for banks in the payments space is stronger than ever,” he said.

He added that the company’s services and mechanisms were vital for the operation of the Eurosystem – a term referring to the countries of the EU that use the euro as their currency.

“Our financial messaging solutions sit at the heart of the Eurosystem’s payments and securities settlement infrastructures, and are continuously evolved to support changing and emerging standards as well as market infrastructure protocols,” he said.

The Network Gateway tool is designed to operate in a highly secure environment, and comes with a range of enterprise-level application programming interfaces (APIs).

The service is compatible with the new ISO 20022, which aims to standardise the methodological approach taken by providers of financial systems.

The services can be used either on a cloud or non-cloud server.

SWIFT, which is based in Belgium, is one of the world’s most well-known financial messaging systems.

According to the press statements released by the two organisations, TAS has worked alongside SWIFT for over three decades – a collaboration that will, it claimed, improve the compliance process for firms.

“Our 30+ years of collaboration with SWIFT and vast experience in ISO 20022 compliance worldwide can ease the adoption path for any type of PSP worldwide,” said Caretti.

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