SIA launches the new „Cloudnet” service for banks, businesses, the public sector and fintechs in Italy and Europe

SIA, a leading European hi-tech company in payment services and infrastructures, 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 the press release.

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,” thr company explains.

SIA says that its 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.