Azqore, a leading technology and operations partner for wealth managers, embarked on a strategic payments modernization initiative with Volante Technologies. The goal: meet ISO 20022 and SEPA Instant compliance deadlines while laying the groundwork for a more agile and scalable payments infrastructure.
The engagement unfolded in two phases—first, a seamless multi-country ISO 20022 migration using Volante’s low-code ISO 20022 Service; second, the rollout of SEPA instant payments via Volante’s Payments as a Service (PaaS). Now that these capabilities are live, Azqore delivers real-time, data-rich payments services while reducing operational complexity and accelerating time to market for future offerings.
About Azqore
A subsidiary of Crédit Agricole Group’s wealth management division, Azqore delivers integrated digital solutions to a network of 30+ private banks, with over CHF 200B (USD 225B) in client assets. Headquartered in Switzerland and operating across Europe and Asia, Azqore differentiates itself through its collaborative approach, innovation-first culture, and a strong focus on regulatory and technological agility.
The challenges Azqore faced
To stay competitive in a rapidly evolving payments landscape, Azqore needed to address two critical imperatives:
Achieve ISO 20022 compliance across a diverse, multi-country customer base.
Launch SEPA instant payment services in line with fast-approaching European Payment Council (EPC) deadlines.
Legacy systems lacked the flexibility to support structured ISO 20022 messages or new 24/7 payment rails, such as SEPA SCT Instant. At the same time, tight integration with core banking systems and the need for rapid service rollout added further urgency. Without the right technology foundation, Azqore faced mounting risks around compliance, service gaps, and operational inefficiencies.
How Volane helped Azqore
Phase 1: Navigating the ISO 20022 Migration
Azqore’s transformation began with Volante’s ISO 20022 Service, a low-code, cloud-native solution purpose-built to integrate modern message formats into legacy infrastructures. With out-of-the-box support for 100+ standards and 250 transformations—including SWIFT CBPR+, SEPA, and HK-CHATS—Volante enabled Azqore to streamline its ISO 20022 migration across multiple jurisdictions and banking partners.
The solution enabled the rapid configuration and automation of ISO 20022 message flows between core systems and back-office operations. By harnessing structured data, Azqore also elevated its client experience through better reporting, analytics, and enriched service interactions—all hosted securely in the Microsoft Azure cloud.
As customer demand continues to evolve, it is crucial that financial institutions of all kinds have the solutions they need to stay competitive, especially as we’re seeing an increase in the pace of regulatory change.
Anders Ohrneman, Head of IT Post-Trade & Operations, Azqore
Phase 2: Launching SEPA instant payments
In 2024, Azqore expanded its partnership with Volante to implement Payments as a Service, pre-configured for SEPA instant payments. The solution included a sandbox environment to rigorously test and validate payment types before launch, reducing deployment risk and ensuring uninterrupted service delivery.
Volante’s cloud-native platform enabled real-time transaction processing, full auditability, and enriched visibility across payment flows. The result was a seamless go-live that met regulatory deadlines and empowered Azqore to provide clients with fast, reliable, and compliant instant payments—delivered through the same infrastructure as its ISO 20022 solution.
With Volante’s Payments as a Service, we can bring new instant payments and ISO 20022 services to market faster.
Azqore’s collaboration with Volante resulted in tangible, enterprise-wide benefits. The successful ISO 20022 migration enabled the company to meet regulatory mandates across its private banking network without costly redevelopment or manual workarounds.
30 private label bank customers successfully migrated to ISO 20022 and SEPA instant payments
Building on this foundation, Azqore’s SEPA Instant Payments implementation delivered speed, transparency, and flexibility. Transactions now flow in real-time, with complete traceability and improved analytics capabilities supporting both customer service and compliance teams.
By consolidating services on a single platform, Azqore has reduced manual intervention and operational risk, accelerated onboarding of new services, and enhanced its ability to support domestic and cross-border payments in a 24/7 world. Today, the organization is not only compliant—it’s poised to lead with a payments infrastructure designed for continuous innovation and scale.
Looking ahead
Azqore and Volante are continuing to expand the platform’s capabilities with new payment rails, value-added services, and deeper use of ISO 20022’s rich data structures. As regulations evolve and customer expectations grow, Azqore now has the agility, resilience, and confidence to deliver future-ready payments—backed by a proven partner with global reach and a track record of firsts in real-time payments innovation.
Volante Technologies
Volante Technologies serves as the trusted payments modernization partner to over 150 financial businesses of all sizes worldwide. Our cloud-native payments as a service solutions and low-code financial platform give our customers the freedom to evolve and innovate at record speed.
