Enabling the SWIFT Innotribe finalist to accelerate global market access using Volante’s out-of-the-box Volante Product suite for transforming financial messages
NEW YORK, LONDON, DUBAI, MEXICO CITY, 9 September 2015 – Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages, data and payments, today announced the use of Volante Designer within IWIAfrica to enable communication with banks and financial institutions’ systems via SWIFT and FIX messages.
IWIAfrica is an award winning, emerging market platform provider for the financial market, helping businesses to perform cashless transactions with their customers from any mobile device including mobile phones, personal computers and Point of Sale using a wide range of payment methods including digital wallets, banking services, cards and crypto currencies.
Used by some of the largest financial institutions in the world, Volante Designer handles the complexity of managing financial message and data integration, so firms like IWIAfrica can focus on building out their consumer-facing mobile integration platform and take full advantage of their commercial opportunities. Designer includes out-of-the-box support for over 300 domestic and international standards and transformations, with an intuitive and easy to use graphical user interface that transforms message data and automatically generates the required code for deployment and associated documentation. Designer generated objects seamlessly integrate with existing infrastructures and are designed to be fully flexible and readily scalable for future expansion, thus enabling customers of Volante to easily connect to more financial institutions, to on-board new clients and/or expand into new territories.
IWIAfrica’s first project using Volante’s technology supports the digital enablement of a securities trading exchange with pan-African ambitions. As partners who will be implementing their mobile and digital strategy, IWIAfrica looked to Volante Technologies for their software and expertise to help them integrate with the trading exchange’s back-end systems using FIX and SWIFT messaging. The result will be seamless trading of securities on various mobile devices including feature phones (USSD) and smart phones.
Allan Rwakatungu, CEO and Founder IWIAfrica, added, “In order to be competitive, we need to focus on the business and user functionality of our own technology, and take advantage of products that insulate us from the complexity of domestic and international standards. We were very impressed by the vast library of standards from Volante, as well as by the ease of use for the integration of financial data and messages. This support and functionality from Volante removes a huge burden, allowing us to go to market faster and position ourselves as a proven proposition with global capabilities and we thank Volante for its support and easing the way to fulfilling our company’s ambitions in the African payments market and beyond.”
Vijay Oddiraju, CEO, Volante Technologies, concluded, “Partnering with IWIAfrica is representative of our strategic commitment to both enabling innovative fintech startups and supporting infrastructure development in the emerging markets. In both Africa and Latin America we’ve seen numerous inventive and dynamic startups enter the world of fintech only to be stifled in their progress by the need to support multiple complex, and ever-changing, international message standards. We can offer them a quick and easy path to compliance so they can focus on customer differentiation. They can rely on our innovative and proven software along with cost effective and flexible partnership models to quickly progress to the next level of their evolution. It really is a win-win for all of us.”