Iside

What Iside does

BCC Sistemi Informatici (formerly Iside — Iniziative Servizi Informatici DIrezione Europa, founded in 2000) is the wholly-owned IT subsidiary of the Gruppo Bancario Cooperativo Iccrea and operates as the sole IT and technology provider for all cooperative banks (Banche di Credito Cooperativo, BCC) within the group. Headquartered in Peschiera Borromeo (Milan) with legal seat in Rome and additional offices in Vicenza and Florence, the company employs 346 people and runs 2,500 servers across two Rome data centers with 12,654 MIPS of processing capacity and 1,700 TB of storage per site. Its core platform is SicraWeb, an integrated banking information system with a modular, decoupled front-end/back-end architecture that supports multitasking, multi-desk, and multichannel operations including the Relax Banking web and mobile channels.

The company offers 400+ applications organized into modular product lines: the core integrated information system, Relax Banking (digital channels), Sistemi Referenziali e di Pagamento (registry, payment systems supporting SEPA, SWIFT, MyBank, PagoPA, Satispay, BI-COMP, CBI), Operations Finanza (wealth management, trading, derivatives, insurance), Operations Credito (mortgages, credit lines, NPL management), Sicurezza ed Applicazioni Infrastrutturali (SOC, DLP, disaster recovery, graphometric signature, OTP), and Supporto/Governo/Monitoraggio (ALM, regulatory reporting, AML). It also operates as a Centro Applicativo (CAIS/GPA) providing connectivity to the Rete Nazionale Interbancaria, SWIFT, CBI Hub Cloud, and Banca d'Italia's BI-COMP settlement subsystem. Annual operational scale includes 500 million real-time payment authorizations, 260 million SEPA/T2 payments, 56 million customer access sessions, and 1.4 million assistance calls.

The business model is a captive, recurring-revenue IT services relationship with the Gruppo BCC Iccrea. Revenue is generated through a two-component pricing structure — a dimensional fee based on bank asset size (€12,500–€37,500 annually) and a traffic-based fee on transaction volumes (€5,000–€112,500 across 15 tiers) — plus usage-based fees for services such as Treasury message dissemination (€0.07259 per message). The company is a private Italian società consortile per azioni with €81,450,000 share capital, no external investors, and no public market listing. Its go-to-market is direct enterprise service delivery to 200+ member banks; there is no external sales channel. Certified to ISO 27001, ISO 45001, PCI DSS, UNI-PDR 125/2022, and ISAE 3402 (2025, audited by EY), with a Sustainalytics ESG Risk Rating of 13.7 ('Low') and four consecutive years (since 2021) on Statista/Il Sole 24 Ore's 'Leader della Sostenibilità' list.

Name

Iside

Legal name

BCC Sistemi Informatici

Website

https://bccsi.it

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Iside (BCC Sistemi Informatici) is the wholly-owned IT subsidiary and captive technology provider for the Gruppo Bancario Cooperativo Iccrea, running the SicraWeb integrated banking platform and 400+ applications across 200+ Italian cooperative banks.

Ownership category

akta.pro rank

Product category

Banking IT Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ), Regulator/Authority Connectivity & Submission Gateways (APIs, Portals) (FSAFAKAN), A2A Fraud, Risk & Authentication (FSAMAFAI)

Keywords

• Core banking software
• Banking IT services
• Payment processing infrastructure
• Cooperative banking technology
• Wealth management platform

Headquarters

HQ city

Roma

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Revenue model

1. IT Services to Group Banks: BCC Sistemi Informatici operates as the centralized technology provider for Gruppo Bancario Cooperativo Iccrea, providing integrated information systems, payment processing infrastructure, and banking applications to member cooperative banks. Revenue is generated through service fees based on bank size (dimensional component) and transaction volume (traffic component).
2. Financial Market Infrastructure Services: Fees for Centro Applicativo services (CAIS/GPA) including network access, payment processing, and message handling for participating banks. Pricing structured around dimensional class (asset size) and traffic class (disposition volume).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Iside (BCC Sistemi Informatici) develops and operates the SicraWeb integrated banking information system and a full suite of supporting IT services for the cooperative banks of the Gruppo Bancario Cooperativo Iccrea. Its core offering covers core banking, payment processing infrastructure (SEPA, SWIFT, BI-COMP, CBI), credit operations, wealth management, cybersecurity, and digital channels (Relax Banking), delivered as a centralized, shared technology platform to more than 200 member banks in Italy.

Product overview

BCC Sistemi Informatici is an IT services company belonging to the Gruppo Bancario Cooperativo Iccrea, operating as the single technological and IT hub for the banking group. The company offers the Sistema Informativo Integrato (Integrated Information System) as its core platform, supplemented by multiple specialized modules including Relax Banking (internet and mobile banking), Operations Finanza (wealth management, trading, insurance), Operations Credito (mortgages, credit lines, NPL management), Sistemi Referenziali e di Pagamento (payment systems including SEPA, cards, and traditional instruments), Financial Market Infrastructure (interbank network connectivity including SWIFT, CBI, BI-COMP), Sicurezza ed Applicazioni Infrastrutturali (cybersecurity, SOC, disaster recovery), and Supporto/Governo/Monitoraggio (ALM, regulatory reporting, anti-money laundering). The architecture is modular and scalable, enabling banks to manage the full front-to-back cycle while integrating with Group products and external banking networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Sistema Informativo Integrato (SicraWeb) Integrated banking information system that centralizes and unifies all banking functions for cooperative banks. Features modularity for specific bank needs, multitasking and multi-desk capabilities, integrability with Group products and services, and scalability for large data volumes.
• Relax Banking (Accesso Canali) Digital banking channel providing 24/7 access to account information, balances, cards, and self-service banking operations including bill payments, mobile top-ups, and MyBank authorization. Includes the RelaxBanking Mobile app in Family and Business versions.
• Sistemi Referenziali e di Pagamento Cross-cutting applications including Anagrafe (Registry), Prodotti & Condizioni (Products & Conditions), Contratti & Trasparenza (Contracts & Transparency), and comprehensive payment systems supporting SEPA, SCT, SDD, CKT, commercial collections, MyBank, PagoPA, Satispay, and SITRAD.
• Operations Finanza Financial operations module covering securities order management, bond issuance and placement, derivatives management, repurchase agreements, insurance, depository banking services, asset management, pension funds, and related tax compliance. Includes the WMP (Wealth Management Platform) for financial consultant management.
• Operations Credito Credit operations applications covering the credit process from origination to monitoring and non-performing loan (NPL) management. Includes applications for Mortgages, Portfolio, Credit Lines & Guarantees, PEF, PEG, and Default Management.
• Sicurezza ed Applicazioni Infrastrutturali Security and infrastructure applications including Security Operations Center (SOC) for fraud and attack prevention, malware protection, Data Loss Prevention (DLP), Disaster Recovery, Graphometric Signature (FEA), OTP authentication, and TLS protocols. Also includes Document Management, Collaboration, and Workflow Management systems.
• Supporto, Governo e Monitoraggio Support, governance, and monitoring solutions including ALM and Liquidity Risk, Accounting and Budgeting, Management Control, Regulatory Reporting, Monitoring and reporting, and Anti-Money Laundering applications.
• Financial Market Infrastructure Application Center infrastructure services providing centralized sending and receiving of interbank messages and flows with formal and substantial control. Operates as CAIS (Centro Applicativo Interbancario Istituzionale) and GPA (Gestore Punto di Accesso) for CBI network access, connecting to Rete Nazionale Interbancaria, SWIFT, and CBI Hub Cloud.

Quantifiable outcome

• 500 million payment authorizations processed annually in real-time
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature7 records

Partnerships

One partnership is on record.

• Gruppo Bancario Cooperativo IccreacoreOthers · 1 January 2020BCC Sistemi Informatici is a wholly-owned subsidiary serving as the sole technology and IT provider for the entire Gruppo Bancario Cooperativo Iccrea. In 2020, the company acquired IT business units from Iccrea, becoming the unified technology hub for the cooperative banking group.

Scale indicators11 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Engineering Group: Engineering Group is one of Italy's largest IT services groups with a dedicated financial-services practice covering core banking modernization, digital channels, and payments. Comparable as a broader incumbent providing overlapping banking IT capabilities, though not cooperative-bank-specialized.
• SIA (now part of Nexi): SIA, now part of Nexi, operates Italy's national payment infrastructure including the BI-COMP subsystem and interbank connectivity that BCCSI integrates with. Comparable as the underlying payment-rails operator that BCCSI connects member banks to; a broad incumbent in adjacent payment infrastructure.
• NTT Data Italia: NTT Data Italia is the Italian arm of the global NTT Data group, with a significant banking practice covering core systems, payments, and regulatory compliance. Comparable as a broad incumbent in banking IT services and infrastructure modernization, serving Italian and European banks.
• Reply: Reply is a large Italian IT consulting and systems integration group with significant financial-services practice covering digital banking, payments, and core modernization. Comparable as a broader incumbent with overlapping banking transformation capabilities, though not a captive platform.

Direct peers

• Horsa Group: Horsa Group is an Italian IT vendor specializing in Microsoft-based solutions for banks and financial institutions, including core banking and digital channel implementations. Comparable as a banking-IT specialist with adjacent product overlap, particularly in the digital channel and ERP layers.
• Cedacri: Cedacri is Italy's largest independent provider of outsourced IT and back-office services to banks, serving over 250 institutions including cooperative and popular banks. Directly comparable as a captive-style IT platform for Italian banking networks with similar core banking, payments, and channel offerings.
• TAS Group: TAS Group is an Italian fintech specializing in payment systems, liquidity management, and financial messaging for banks and corporates. Directly comparable for the payment infrastructure, SEPA/SWIFT connectivity, and corporate treasury product overlap with BCCSI's Financial Market Infrastructure and Sistemi Referenziali offerings.
• Cabel Industry: Cabel Industry is the IT consortium serving Casse di Risparmio and Emil Banca-style cooperative banks in Emilia-Romagna, providing core banking, payments, and digital channels. Directly comparable as a regional cooperative-bank IT utility with overlapping product suite.
• Allitude: Allitude is the IT and services hub serving the Cassa Centrale Banca cooperative banking group in Italy. Functionally identical to BCCSI as a captive IT/outsourcing provider for Italian cooperative banks with core banking, payments, and regulatory reporting modules.

Emerging players

• Tinexta: Tinexta is an Italian digital trust and fintech group providing certified platforms for digital identity, electronic signatures, and trusted transactions. Comparable for the graphometric signature (FEA) and trust-services components that BCCSI offers within its security infrastructure portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bccsi

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iside