Thanks to SIA's network infrastructure, from today it is possible to connect, safely and securely, cloud-based business services and applications with the main national and international payment platforms

SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, launches a new network service that allows banks, corporates, public sector bodies and fintechs to connect their cloud-based applications directly to the main domestic and international payment infrastructures in a safe and secure manner.

According to Eurostat data, 36% of EU corporates used cloud computing services in 2020, almost double the figure seen in 2016 (19%). The countries with the highest penetration rates were Finland (75%), Sweden (70%), Denmark (67%) and Italy (59%).

45% of European corporates used the cloud to run advanced financial or customer relationship applications (27%), and nearly a quarter (24%) leveraged their computing power to run their software applications.

SIA Cloudnet supports the digitalization path of players in the financial and insurance sectors, as well as public sector bodies and corporates (large-scale retail trade, utilities, Telcos, transportation companies, oil companies, etc.) by enabling the interconnection of their business services and applications, hosted at the main cloud providers such as Amazon Web Services (AWS) and Microsoft Azure, with the ecosystems of the payment processing platforms that can be reached through SIA’s network infrastructure.

The new solution is in fact a single access channel to EBA CLEARING's pan-European real-time payments system RT1, to Eurosystem's TARGET Instant Payments Settlement (TIPS) service, as well as to the PagoPA payments system and to the major domestic and international debit and credit card networks.

SIA Cloudnet guarantees dedicated connections with the highest standards of quality, reliability, security and service continuity 24 hours a day, 7 days a week. SIA's high-speed, low-latency, guaranteed-bandwidth private fiber-optic network infrastructure, through which payment and e-money transactions transit, is encrypted and complies with data protection standards such as PCI DSS (Payment Card Industry Data Security Standard).

"The cloud sector is growing significantly and an increasing number of customers, especially those who are more focused on innovation, are moving applications, services and processes over to external provider technologies. With SIA Cloudnet, we support this digital transformation with a unique solution that enables the integration, in a secure and efficient way, of the financial community with the many applications on the various cloud platforms, thus further strengthening the network services offering at international level," said Andrea Galeazzi, Capital Markets and Network Services Director at SIA.

SIA - a subsidiary of CDP Equity - is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of Card & Merchant Solutions, Digital Payment Solutions and Capital Market & Network Solutions. SIA Group provides its services in over 50 countries, and also operates through its subsidiaries and branches in Austria, Belgium, Croatia, Czech Republic, Germany, Greece, Hungary, the Netherlands, Romania, Serbia, Slovakia, and South Africa. The company also has representation offices in the UK and Poland.
www.sia.eu/en