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.
[2] 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 euros.
In the same period, SIA created RTGS (Real Time Gross Settlement System) platforms for the central banks of Sweden, Norway, Egypt and Palestine.
[6] Over the course of 2013, SIA incorporated its Belgian subsidiary SiNSYS,[7] a company operating in the processing of payment cards, and acquired Emmecom,[8] an Italian firm in the sector of fixed, mobile and satellite telecommunications networks.
In the area of mobile payments, during 2014 SIA launched a service called Jiffy for sending and receiving cash in real time to and from a user's contacts by smartphone.
In January 2016, SIA acquired 69% of UBIQ, a startup born in 2012 from a spin-off of Parma University, specialized in designing and developing innovative technological solutions[buzzword], particularly in the field of promotions, where it operates with the brand Ti Frutta.
UBIS also signed with SIA a ten-year outsourcing contract for the supply of processing services for transactions made using debit, credit and prepaid cards, and for the management of POS and ATM terminals.
In the spring of 2017 the Central Bank of Iceland (CBI) has chosen SIA to implement and support the new real-time gross settlement system (RTGS) and the new instant payment platform.
These technology infrastructures developed by SIA, planned to go live in 2018, will replace CBI's current mainframe-based real-time solutions[buzzword] for high and low-value payment systems, which have been operating since 2001.
SIA handled a volume of traffic of over 784 terabytes of data, up 19.8% compared to 2016, on the 174,000 km of the SIAnet network, with total infrastructure availability and 100% service levels.