DIAS S.A. won the Gold Award in the category “Best Project for Instant or Cross-border Payments” at this year’s Digital Finance Awards by Boussias, which rewards innovative approaches and pioneering upgrade projects in Digital Banking & Digital Insurance by banks, insurance companies, high-tech providers, Fintechs and Insurtechs.
The project of DIAS which received the highest award in its category at this year’s awards ceremony, is the implementation of a solution for interbank instant payments and the connection to Europe via the European Central Bank’s TIPS service (TARGET Instant Payment Settlement).
DIAS, as a National Automated Clearing House (ACH) and a modern technology company, has developed and operates its Payment System, through which interbank payments are electronically settled and cleared both domestically and on a pan-European level. The aim of the project’s goal was to enable DIAS to be the central hub through which instant payments are processed in Greece, while giving pan-European access to the Payment Service Providers (PSPs) – DIAS’s members. Since the beginning of December 2021, DIAS S.A. has been connected to the European Central Bank’s (ECB) intrerbanking system TIPS in collaboration with the Bank of Greece (BoG) and the domestic financial system.
The CEO of DIAS, Stavroula Kampouridou, stressed: “This award is proof of the successful shift in the identity of DIAS, which now operates in terms of an innovative technology company, as a result of a coherent and well-executed transformation plan. This distinction derives from our foresight regarding the correct assessment of emerging payment trends, our fruitful cooperation with the domestic financial ecosystem, and our efforts to enhance our extroversion. We are proud to have executed a project that increases the reach of instant payments for our member PSPs at the pan-European level and ultimately will facilitate the everyday lives of European citizens and businesses.”