Middle East payments are speeding up. As the region continues its path toward instant payments, banks need to develop faster and more sophisticated technology platforms to comply with regulations and meet customer demands. With all the developments taking place, GCC RTGS, BUNA, SWIFT gpi, to name a few, banks in the Middle East have many competing priorities to contend with.
Compliance is just the beginning. Banks in the region will need to go beyond mere compliance, building nimble platforms that are able to process instant payments, cross-border payments, ISO 20022 messages, all while connecting to various APIs in an open banking environment.
The path to modernization lies in the cloud. Early adopters of a "cloud first" strategy will prove to be the winners in an increasing competitive landscape. Volante's cloud-native technology allows banks to build out services and capabilities in stages, at their own pace, giving them room to meet requirement deadlines first, then incrementally add features and capabilities to deliver superior services to their customers for years to come.
The Future of Payments Technology
Watch this three-minute video to learn how you can leverage our VolPay technology to take your payments business to the next level.
"Volante’s focus on real time payments and cloud-native solutions to simplify and automate complex processes in payments and financial messaging was one of the key differentiating factors behind the award win, combined with the firm’s customer-centric approach. Volante processed the first end-to-end instant payment in the Kingdom of Saudi Arabia, evidencing their track record in innovation in the region."
Kenneth Mitchen, Executive Director and Publisher, MEA Finance
Webinar Recording
This fireside chat with Andrew Haskell, Director and Product Line Manager at BNY Mellon was broadcast at Seamless Middle East and touches upon how the benefits of instant payments go far beyond the availability of a new settlement method.
Middle East Payment Solutions
VolPay allows Middle East banks to configure a payment solution that meets their specific needs, providing them with the only multi-network managed service solution, available on premise or in the cloud.
Instant Payments
Deploy new 24x7 real-time value-added services, connect to a wide range of real-time clearings, and manage liquidity in real-time. All in a single rapidly deployable end-to-end solution, on-premise or in the cloud.
ISO 20022 Migration
VolPay for ISO 20022 Migration addresses the challenges of variable timelines, legacy systems, data truncation, and more, allowing banks to meet mandatory deadlines without requiring changes to legacy systems
Domestic and Cross-border
One cloud-native, API-based solution for all your cross-border payment clearing and settlement needs, from traditional SWIFT correspondent payments to next-generation alternatives.
Corporate to Bank Automation
Powered by hundreds of inbuilt libraries and APIs, this solution allows for rapidly accommodating corporate payment files and acknowledgement formats of all kinds, without custom development.
VolPay Solutions
Volante offers interoperable, extensible solutions for a variety of payments needs, all composed of business services from the VolPay ecosystem.