To focus on interbank, intrabank and bank to corporate big data message flows
NEW YORK, LONDON, DUBAI, MEXICO CITY, 2 March 2015 – FINSAPP and Volante today announced a new partnership to build business domain solutions based on interbank, intrabank and bank to corporate financial data message flows.
FINSAPP, the financial services solution integration specialist, has invested in the training of its domain expert resources in the use of Volante’s Designer and Composer products. Volante software enables the integration, validation and processing of financial messages and data. The investment enables FINSAPP to bring to market solutions that address functions based on analyzing and displaying the data content embedded in message flows across the transaction lifecycle.
Volante’s vast library of standardized message content includes ISO 15022 and ISO 20022, FIX, FpML, XBRL, SWIFT and EDIFACT, and delivers a more agile response to the need for improved insights into payments message flows. Appetite for increased insights is continuing to come into higher demand for both faster and mobile payments across Know Your Customer (KYC), Anti Money Laundering (AML), compliance and settlement within the Single European Payment Area (SEPA) and in response to ever-changing capital market structures.
The partnership provides Volante with a team of financial services domain expert practitioners to build bespoke solutions with clients and in turn, FINSAPP has access to Volante off-the-shelf software and tools that will dramatically add to the productivity of development and compress delivery times for customer projects. The combination of Volante’s technology and FINSAPP’s domain expertise enables firms to reduce costs whilst increasing their agility and response time to business demands. FINSAPP’s deep knowledge of data analytics, dashboard design and reporting enables the information lens to be built on the message flows handled by Volante at the semantic level.
Vijay Oddiraju, CEO, Volante Technologies, said, "We are always on the lookout for partnerships with established professional services and system integrator firms to encourage use of Volante products. Volante software has over the years become one of the leading specialist solutions for reliable and efficient implementations around financial message and data integration, validation and processing within financial institutions. We are excited and confident that by partnering with FINSAPP we will be accelerating the industry’s uptake of Volante software products as trusted and proven solutions."
Pawan Sharma, CTO, FINSAPP, said, "We are delighted to be working with Volante. The FINSAPP Volante partnership enables us to access one of the market’s best kept secrets in terms of accumulated IP on financial messages and data and ensures we can deliver solutions to our clients that are quicker, better and deliver more on-going flexibility."