As we approach the tail end of Q3 it is abundantly clear that Real-Time Payments (RTP) remains a hot topic for our clients and the industry as a whole, and we have had many interesting conversations around the challenges and opportunities presented by RTP. To help satisfy this appetite we continue to witness for all things RTP related, we hosted a webinar in June on US real-time payments exploring the challenges that U.S. banks and financial institutions will face when looking to implement real-time or instant payments. We also published a collaborative white paper with Finextra which looks at how open banking and real-time payments tie up. Many hundreds of copies were downloaded shortly after publication and I invite you to do the same as I am certain you will find it an interesting read. There have also been interesting developments in PSD2 and cryptocurrencies, which is explored in more detail in Neil Clarke’s market update, as well as VolReg which Fiona Hamilton explores in her article.
Looking at product development, our aim has always been to develop new products before they are needed, staying ahead of the curve so we can preempt your needs and help accelerate your projects when the time comes. As a result, our research and development teams in India continue to expand, with the goal of enhancing business agility for our clients. The Volante product roadmap is constantly reviewed against progress and market nuances, taking into account feedback from our diverse client base. Ravi Ramachandran, SVP - Product Development, explores this further in his article, “Volante R&D, one focus: enhancing business agility.” Continuing on the theme of product development, interest in solving challenges caused by the growing demands for regulatory compliance reporting, in this edition of Volante Insights, we also report on progress towards the creation of a RegTech business application to help streamline and overcome such challenges.
It has been a very busy year so far for Volante in terms of event participation and media activities, and of course as we move through the year there will be more to come. I very much hope you enjoy this update from my team and I and, as always, if you have any questions please feel free to contact any member of our regional teams.