Real-Time Liquidity Management Solutions

20 – 21 June 2023 | THE IFEMA, MADRID

Advancing next generation payments – a quest for global interoperability

EBAday is coming back to Madrid this year, and we are excited to be among the sponsors of the event once again.

At Sibos 2022, we sat down with Mario Mendia, the Senior Vice President of International Markets at TAS Group, to discuss the emergence of payments-as-a-service and its potential in making banking more accessible to all possible demographics.

Looking at the trends at this year’s Sibos, Mendia is most excited about the digital developments in cross-border payments and CBDC, and the growing presence of cloud technology in major financial institutions.

10 – 13 October | RAI, Amsterdam

Sibos is back in-person and TAS is again among the official exhibitors. We can’t wait to meet you in Amsterdam  where SWIFT will host a full conference programme and exhibition, along with a wide range of networking events. The agenda will feature business leaders and topic experts from across the financial community and beyond, discussing the most impactful trends in technology, regulation, risks and sustainability. If you can’t make it in person, join Sibos virtually by connecting to the digital conference experience that will extend Sibos to delegates around the world.

Stop by our booth D76 to share insights on the latest trends on digital payments, liquidity management, payment schemes connectivity, open banking and much more.

Interest is growing in the Aquarius User Group initiative, whose last meeting was held on April 20 in Milan, with over 70 participants including representatives of the major financial institutions and service centers committed to meeting the Eurosystem deadlines.

The working group, coordinated by TAS in collaboration with Accenture and KPMG, took stock of the progress of the ECMS project, illustrating the new documentation being released by the ECB and all remaining regulatory milestones impacting on the banking community. A live demo of TAS Aquarius ECMS component was presented, focusing on the monitoring and management fuctionalities designed around the Eurosystem’s new unified Collateral Management system.  On top of collecting feedback from the first 10 clients that have adopted the new Aquarius module, the meeting was a valuable opportunity to present and discuss additional value-added features that will be provided by Aquarius in order to offer, beyond the full compliance with the new ECMS requirements, also several scalable functions managing further forms of collateral.

An update on the T2-T2S Consolidation project was also part of the meeting agenda, with a deep-dive into the topic of testing, now in its most intense phase, as well as a summary of the upcoming activities defined by the ECB  before the Go Live scheduled for 21 November.

David Chance and Mario Mendia speak to Finextra TV about the need for accurate, timely, and proactive liquidity management and payments solutions…

Today Fiserv, a leading global provider of payments and financial services technology solutions, announced the availability of superior liquidity management capabilities through the introduction of TAS Aquarius offered in combination with its Enterprise Payments Platform.

The collaborative approach between Fiserv and TAS in the Banking Treasury space will allow financial institutions to accelerate their digital strategies through best of breed technology.

The webinar, organized by our Partner Fiserv, is now avaiable on demand …

SIBOS MEET THE EXPERTS SESSION

The Eurosystem Market infrastructure has recently gone through unprecedented changes: with T2S, TIPS, ESMIG and the Target2 Consolidation we are seeing quite a revolution, maybe for this reason the last step of the programme, ECMS, seems far from the industry spotlights.
The Migration to the European Collateral Management System will mandatory happen in November 2023, with consequences and impacts that may be wider than expected.

Based on ISO20022 standards, with ECMS the central banking collateral mobility takes a step forward, integrates with T2S and Triparty services, providing the opportunity of smoother funding across Europe but requiring higher cybersecurity standards from all participants, new billing standards (CMH-TF) to CSDs and Custodians and better visibility of available liquid assets across the bank’s different businesses.

Many banks have already completed their ECMS assessment: can they afford this evolution keeping manual activities and fragmented processes or does their collateral management need a digital acceleration?

Speakers:

Mario Mendia, Senior Vice President – TAS

Roberto Bruschi, Executive Subject Matter Expert Capital Markets and Treasury – TAS

Watch the webinar

The new release of the Aquarius Securities Settlement module evolves towards an agile and modular management of all the features referred to domestic and international Settlement . The strength of the solution is given by an advanced management of the Standard Settlement Instructions (SSI), which allows the highest rate of Straight Through Processing within the settlement chain. The combination guarantees an innovative, flexible and effective solution, both for Banks that operate directly with CSD / ICSD, and for Banks that use Depositaries or Global Custodians. The application works in perfect synergy and synchronous with Aquarius Cash and Collateral functions, improving the efficiency, response and operational extension of the overall Aquarius platform. With regard to regulatory compliance, a new module has been released to cover CSDR Penalty specifications (whose go-live is scheduled for February 2022). This module allows users to check the calculations received by the CSDs or the Depositaries and, at the same time, verify them with a simulation mechanism. The support provided to the Back Office is complete and allows the customer to better manage the new penalty mechanism, through the following main features:

• immediate loading and management of received reports, whether in standard or proprietary format;
• calculation simulations to verify the penalties applied;
• data extraction to create statistics and highlight the riskiest situations;
• User dashboard, to monitor the daily and monthly trend of the penalty amounts, with aggregated and detailed data reachable with a simple drilldown mechanism;
• penalties total amounts forecasting ;
• Risk Dashboard to highlight potential buy-in situations, with dedicated analysis depending on the financial instrument type.

The CSDR Penalty module also provides features for the transmission of the received information of the daily and monthly reports to the Back Office applications and to any Institutional Customers. Contact our experts to find out more.

This short paper, recently issued by the EBA Liquidity Management Working Group (LMWG), highlights the major trends that the pandemic helped crystallise in the liquidity management ecosystem and outlines the questions that financial institutions will have to address as they continue to support their corporate clients.

TAS Group has been part of EBA’s Liquidity Management Working Group for several years already, in order to contribute with its domain expertise to the group’s mission to improve liquidity managers’ understanding and ability to face ongoing market developments as well as related technical, operational, regulatory and organisational challenges.

The migration of liquidity management practices into the digital area and to real-time processes can’t wait longer. The pandemic crisis has shown that, going forward, corporates need technologies and services that can be more readily adopted or more easily adapted to handle unforeseen situations.

Download the report factsheet

EBA members can download the full report on the EBA Member Portal