(Finance) – ATM and FSI announce the completion of FSI’s investment in the capital of BANCOMAT and the appointment of the new CEO and the new Board of Directors. Following the investment, FSI represents the first shareholder of the Company with a stake in the capital of 42.9% and, together with the banks signing the shareholders’ agreement (Intesa Sanpaolo, Iccrea Banca, Banco BPM and BPER), of 74.7 %. The new Board of Directors and the new CEO and general manager of the Company, Fabrizio Burlando.
Joking (born in 1974), electronic engineer with MBA from INSEAD and specializations from Yale and London School of Economics, boasts twenty years of experience in the digital payments sector, gained above all in the last 16 years at Mastercard, where he held roles of increasing responsibility and leadership at a global level, with a focus on data platforms, value-added services (VAS) and development support for banking clients and users around the world. Burlando inherits the helm of BANCOMAT from Alessandro Zollo to whom we owe heartfelt thanks for the contribution provided and the path undertaken since 2018.
In addition to Burlando, as CEO, the new Board of Directors of the Company is composed of president Franco Dalla SegaRoberto Amisano, Roberto Baggiano, Francesco Bernocchi, Gaetano Carboni, Giuliano Cassinadri, Giacomo D’Amico, Pietro Galbiati, Flavio Gianetti, Stefano Vittorio Kuhn, Marco Tugnolo and Luca Vanetti.
The completion of FSI’s investment and the arrival of Burlando at the top of the Company represent further key steps in the development path identified for BANCOMAT, and follow the subscriptions occurred: by Intesa Sanpaolo, Iccrea Banca, Banco BPM, and BPER of multi-year commercial agreements aimed at supporting the development of ATMs in the coming years; of the agreement between BANCOMAT and Nexi as a strategic partner for the Centralized Infrastructure platform.
The project represents an Italian initiative which, starting from the wide recognition of ATMs among merchants, consumers and banks, intends broaden the scope of the circuitensuring a greater capacity for innovation and acceleration of the adoption times of new digital solutions, like the payment circuits present in the main European countries.
The project will make it possible to enhance a central national infrastructure for the digital payments market, and produce various benefits, including: the use of an efficient payment circuit (secure and domestic) with technological content in line with the best standards; the containment of the costs of digital money, and the possibility of representing a quality and complementary solution to international operators.
There availability of capital (following the investment by FSI) and the new corporate structure are expected to allow BANCOMAT to undertake this development path and to make the most of its skills, according to the following main guidelines: acceleration of innovation, with strengthening of offering products and services, starting from online and wallet; new technological architecture, providing, in addition to the Centralized Infrastructure, an innovation and partnership gateway for the development of new services; value-added services (VAS) for bank customers and end users, even in adjacent and synergistic segments; M&A, with acquisitions of companies with synergistic and complementary skills to ATMs and/or functional to the growth path and completion of the offer.
In the logic of sharing and participation in the benefits brought by the project, the shareholders agreement signed by FSI, Intesa Sanpaolo, Iccrea Banca, Banco BPM and BPER it may also be extended to other current and future BANCOMAT members/customers.
“We are very satisfied to have completed the process of strengthening BANCOMAT’s capital and governance. We firmly believe that the operation represents a fundamental step in the life of the Company and the start of a new phase of development of a strategic payments infrastructure for our country. On behalf of all the shareholders, I would like to thank Dr. Alessandro Zollo for the work carried out in recent years and the precious contribution provided in recent months for the completion of this very important project” he stated From Sega.
“I accepted this challenge because I firmly believe in the importance of ATMs for our country and in its strong growth potential. By collaborating closely with financial institutions, merchants and users, we can bring innovation and added value to the payment system in Italy and in Europe. I think that BANCOMAT can represent an excellence capable of attracting the best talents on the market, both young and experienced” he declared Joking.
“This operation confirms the distinctive ability of the FSI team to complete partnership operations based on the valorisation or development of excellent Italian companies with growth potential. The investment in ATM further strengthens FSI’s leadership in the Digital and IT, in which the FSI team has invested approximately 1.2 billion euros to date. We are very proud of the operation and confident in the development path and in the partnership with the BANCOMAT shareholder banks.”CEO of FSI Maurizio Tamagnini.