SIA S.p.A.
| Private | |
| Industry | Payments |
| Founded | 1977 |
| Headquarters | Milan, Italy |
|
Number of locations
|
Rome, Turin, Parma, Macerata, Verona, Utrecht, Zaventem, London, Frankfurt am Main, Budapest, Pretoria, Vienna |
|
Key people
|
Giuliano Asperti (Chairman) and Massimo Arrighetti (CEO) |
| Services | card processing, e-payments, network services, financial markets platforms |
| Revenue | €449.4 million |
|
Number of employees
|
1,612 |
| Website | www.sia.eu/en |
SIA S.p.A. is an Italian company operating in the area of ICT, providing solutions and technologies to the banking and finance sector in addition to platforms for financial markets and e-payment services.
The company was founded in 1977 as Società Interbancaria per l'Automazione by Banca d'Italia, ABI and a pool of Italian banks. During the 1980s, SIA created the Rete Nazionale Interbancaria (RNI – national interbank network) and contributed to developing the interbank payments system in compliance with the White Paper on payment systems in Italy, published by Banca d’Italia in 1987.
In 1983 SIA launched Bancomat and in 1987 introduced POS payments.
In 1992, from a branch of SIA’s business, SSB - Società per i Servizi Bancari was born, a firm specializing in services in the field of electronic money. The new company worked on further developments in payment cards: Bancomat/Pagobancomat, FASTpay, borsellino elettronico (e-purse with the MINIpay product) and the Microcircuito project for the migration from magnetic stripe cards to microchip cards.
In 1999, SIA merged with Cedborsa, changing name to "Società Interbancaria per l'Automazione - Cedborsa S.p.A.", working on the automation of the Borsa Italiana markets and the launch of the Italian gross payments markets e-MID and MTS.
In 2003, SIA developed the interbank payments system in Romania, a condition for the country’s entry into the European Union.
In the early 2000s, SIA created and managed the technology platform for the STEP2 project, the first continental ACH (Automated Clearing House) for retail payments in Euro.
In the same period, SIA created the RTGS (Real Time Gross Settlement System) platform for the central banks of Sweden, Norway, Egypt and Palestine.
In May 2007, the merger between SIA and SSB gave birth to SIA-SSB S.p.A., a name simplified in 2011 to SIA S.p.A.
In 2012, in partnership with Colt, SIA was awarded the tender announced by the European Central Bank and becomes a licensed Network Service Provider appointed to create the network infrastructure connecting central securities depositaries (CSD), central banks in the Eurosystem and major bank groups at European level to TARGET2-Securities (T2S).
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Wikipedia