About Atmia
About Atmia

Target2-Securities Migration Wave 5 successfully completed: Banco Sababell is on Board with TAS Aquarius

Wednesday, January 31, 2018

by TAS Group

Press Release

After the connection of Spain and Baltics, the single European securities settlement platform T2S is fully operational.

Madrid, Spain – 25 January 2017 – On 18 September 2017 the final migration wave of Target2- Securities (T2S) was successfully implemented connecting Iberclear- the Spanish Central Securities Depository, to the Eurosystem’s T2S securities settlement platform. September 18 represented an important milestone also for Banco Sabadell, one of the main Spanish banks, who trusted TAS Group, a leader in financial technology solutions, to complete its migration to T2S in Direct Connection for cash and with advanced liquidity features thanks to TAS Aquarius, the integrated platform to improve cash and liquidity management over Target2, T2S and Correspondent Banking.
TAS Group has been at the core of the T2S implementation from the very beginning: through its experience in liquidity management with over 14 customers successfully migrated to T2S, TAS Group brings to Banco Sabadell experience and a well-proven technological solution.
TAS Aquarius ensures reconciliation of messages between Cash and Securities, implementation of ISO20022 Standard for T2S and several value-added features such as intraday forecast of DCA Balance, Collateral (on-Stock/on-Flow) positions and Automated Liquidity transfers between DCA and RTGS accounts and Automated Standing Orders.
“We are thankful to Banco Sabadell for trusting TAS Group with this important milestone. Thanks to the experience of our local team in Wave 1 (Italy) and 3 (Germany) TAS Group has been able to accompany Banco Sabadell in the processes and the decisions to be taken”, said Olivier Sery General Manager Iberia. “TAS Aquarius software with over 14 installations is a mature family. We continue to deploy a variety of modules such as Liquidity Management, BCBS 248, Automatic Liquidity Transfer, Stress testing, Correspondent and more”.

About Banco Sabadell, the fourth Spanish private banking group
With over 130 years’ history, Banco Sabadell is today the fourth private banking group listed on the IBEX -35 and one of the best capitalised financial institutions in the Spanish financial sector. The financial group it heads includes subsidiaries and investee companies, banks and networks with business brands that offer differentiated value propositions, focused on diversification by territory and business under the common denominator of professionalism and excellent service. Being equipped with the latest technological and business resources, combined with a multi-channel organization focused on the client and their needs, enables Banco Sabadell to be a national benchmark in the personal and corporate banking market and an excellent representative of Spain in a further nineteen countries. https://www.grupbancsabadell.com/en/

TAS Group
TAS Group delivers software solutions for electronic money, payment systems and capital markets. Our offices span 7 countries but our secure solutions manage financial transactions worldwide. We strive to simplify the way private enterprise, public sector, commercial and central banks interact with their customers, stakeholders and technology systems regarding payments. Our highly experienced team of business analysts and software engineers are focused on rethinking, reimagining and revolutionizing commercial business processes for digital and mobile integration.
Our 12 years of experience in EMV card payments is helping US businesses and institutions implement smooth migrations. Today, over 100 million chip cards are managed by TAS solutions.  Trusted by European Central Banks to manage millions of financial messages each day, our 30-year reputation in the market and outstanding SWIFT expertise has made us an internationally preferred partner in the financial industry. Our securities software is leading the way for Target2-Securities regulations in Europe. www.tasgroup.eu

Download the press release (English and Spanish version)

Media Contact
Marina Jacobone
[email protected]

TAS Group   

Global Sponsor - Euronet Worldwide
Global Sponsor - Auriga
Global Sponsor - Cardtronics
Global Sponsor - TMD Security
Global Sponsor - DPL
Global Sponsor - Diebold Nixdorf
Global Sponsor - Prosegur
Global Sponsor - NCR
Global Sponsor - KAL
Global Sponsor - Payment Alliance International, Inc.
Global Sponsor - FIS
Become a Global Sponsor
Join the Campaign

Global Sponsors