Instant payment in Saudi Arabia processed by Volante.
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.
“Our discussions with MEA financial institutions clearly show that there is now a race towards becoming real-time 24/7 in the MEA payments space, and the future is taking payments into the cloud”
Vijay Oddiraju, CEO, Volante Technologies
Bringing together top banking executives and payments industry leaders in Dubai for Volante’s “Modernization of the Payment Landscape Roundtable” in association with MEA Finance.
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.
Deploy new 24×7 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.
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
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.
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.
Volante Wins ‘Most Innovative Payment Solutions Provider’ for Second Year Running at MEA Finance Banking Technology Awards 2022
Onboard corporate customers faster and win new corporate clients by automating corporate to bank connectivity
Modernize your payments infrastructure without replacing legacy payment systems
Unify all your payment processing and orchestration functions in a single service ecosystem
Expand your service portfolio with next-generation cross-border payments like SWIFT gpi, Ripple and more
Move from paper to digital by allowing corporations to pay any beneficiary, the way they want to be paid