Volante Insights June 2020

Welcome

To say that we are operating in extraordinary and unprecedented times is a huge understatement. As I write, Covid-19 is likely to be one of the biggest challenges we will face in our collective lifetimes and my heart goes out to those affected both in the short and longer term.

While I reflect upon the situation I want to send a message of reassurance that, at Volante, our aim remains as it always has been: to serve our clients as trusted partners, and to assure you that there will be no break in continuity of support from Volante in serving your needs in these difficult days.

We are fortunate to operate in an industry where it remains feasible to continue developing compelling solutions in the absence of the in-person interactions that we have taken for granted in the past. Our global teams have settled well into remote interactions and we have been increasing our use of tools such as video conferencing and digital team collaboration. We have also ramped up our live webinar program, to replace the interactions offered by cancelled or postponed industry events such as Seamless, NACHA, EBADay, SWIFT ARC, and Payments Canada.

In this edition we look at some of the trends in our industry in more detail, the growing relevance of real-time payments, cloud, the trend towards digital interactions, the opportunities offered by SWIFT gpi, and the latest news from Volante. I am proud to note in this context, that IDC recently recognized us as a Leader in their Marketscape Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment.

Finally, I want to take a moment to wish you and your families well during these challenging times. For more on our response to the coronavirus situation, please visit our COVID-19 resource page. If you have any questions, please contact your Volante representative, email us at support@volantetech.com, or reach out directly to me or the extended Volante management team – we are here for you.

Stay safe and in good health.

Industry News

Volante named a Leader in IDC Marketscape for integrated payments providers

Volante Technologies is proud to have been named a Leader in the IDC Marketscape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment. In this blog post, we take a look at the IDC Financial Insights study, the assessment criteria, and provide a link to download a complimentary version of the report.

While the journey to real-time has most definitely begun, each country is moving at a different pace

Instant Payments, Hurry Up Already!

Celent has been involved with Instant Payments since everyone called them Real-Time Payments, with the organization’s first report dating back to 2014 - that five years feels long from our vantage point now. Despite early skepticism, the needle is moving at increasing speed in the direction of a reality that was considered impossible less than a decade ago. Still, not every system is at the same volume and penetration level. While the journey to real-time has most definitely begun, each country is moving at a different pace. In this blog post for Volante, Gareth Lodge, Research & Advisory, Celent, discusses the evolution of instant payments, and the wide range of challenges and opportunities that banks are facing or will soon face.

Finextra Global Impact Study: Payments, 2020 and Beyond

The payments industry is going through a profound transformation. Market participants are under pressure to connect and transact with greater speed, data transparency and interoperability, all against a backdrop of modernization to payments infrastructures at global, regional and domestic levels.

Trends in the 2020s will revolve around instant payments, open banking and ISO 20022 migration, reflecting the regulatory and technological changes from the previous decade. Whilst these trends are occurring on a global level, there is a notable discrepancy amongst geographies in both direction and timing. Read more in our blog post on payments, 2020 and Beyond.

Latest News

We are proud to have been named a Leader in the IDC Marketscape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment. Access a complimentary copy of the report here.

Niche Global, a rising fintech player, selected Volante’s cloud-based SEPA Instant Payments as a Service solution to accelerate its expansion into the European payments market.

Volante joined the U.S. Faster Payments Council as a voting member in the Technology Providers segment. We are working with the FPC to accelerate the adoption of faster payments in the U.S. by providing U.S. financial institutions free TCH RTP real-time payments processing.

Viewpoints

In March Volante co-hosted a webinar with PayThink on rethinking a new approach to wire processing. During the webinar we heard from experts from First American, Volante and Deloitte discuss why and how wire processing as a service in the cloud is a resilient and modern alternative to today’s legacy.

Why should banks offer Instant Payments? In this video interview, Vinay Prabhakar, VP Product Marketing for Volante, comments on the importance of offering real-time / Instant Payments to customers.

In another video, Vinay discusses the benefits of Payments as a Service, what banks should look for when choosing a cloud-based payments processing service, and how Volante Technologies can help.

At Salone dei Pagamenti 2019 – Milano, Domenico Scaffidi commented on the progress he sees in the migration of financial messages to the ISO 20022 standard and what Volante and Capgemini are doing to help financial institutions and corporates in the creation of value-added services. [Italian language interview]