MANTICA is now part of TAS Group
On March 1, the official news of the acquisition of Mantica Inc. by TAS Group was published.
TAS Group is the leading ICT company in Italy in the provision of solutions and specialized services for the management of payment systems, e-money, financial markets and extended enterprise. Listed since 2000 on the Mercato Telematico Azionario (Borsa Italiana’s Main Market MTA), TAS Group operates on an international scale alongside the most important Italian and European commercial and central banks, the major financial services providers and some of the leading global broker dealers present in the Fortune Global 500 ranking.
The acquisition follows the partnership signed in July 2018 between the two companies with the aim of combining the asset of excellence of Mantica, the proprietary software platform “Adaptive Intelligence” designed for the processing of Machine Learning and Big Data, with the advanced technology of the Fraud Protect solution of TAS Group to create an innovative and flexible product for monitoring and preventing payment fraud.
The main comments extracted from the official TAS Group press release of March 1, 2019:
“Financial and payment applications, sectors in which TAS Group has historically been a leader, have enormous opportunities to fully leverage the capital of processed data. The fusion of the assets of the two companies makes it possible to unlock this potential so that it is made available to the Banks in an even more determined and accelerated way.” Amedeo Borin, CEO of Mantica
“The acquisition of Mantica is the natural consequence of a partnership that led us to develop the most advanced solution in the field of monitoring and fraud prevention in Italy and internationally and that covers 360° channels of interaction managed by the actors of the payments ecosystem with end-customers” – said Valentino Bravi, CEO of TAS Group – “Several primary customers have already chosen our Fraud Protect solution to evolve their fraud management systems and look to TAS Group as a reference of excellence in this area. Integrating Mantica’s expertise into the group consolidates our drive for increasingly high performance, reliable solutions based on the latest AI technologies, at a time when transaction security is a key factor not only to guarantee the end user but also to compete in the market scenarios opened up by PSD2 and Instant Payments“.
The area of fraud is only the first of many scenarios for the application of Mantica Adaptive Intelligence technology that will have a potential impact on the evolutionary roadmap of TAS Group core products.
Info – Press release – Tas Media Room: