Volante Technologies’ Designer 5.0 adds enhanced support for cloud-hosted applications, delivers new and enhanced format plug-ins

Helping firms meet regulatory and industry demands through rapid implementation of existing and new message standards and addresses the requirements of CTOs and architects to adopt new message formats, standards and technologies.

NEW YORK, LONDON, 11 September, 2013 – Volante Technologies, a global leader in the provision of innovative financial data integration tools, today announced the release of Volante Designer version 5.0, which includes enhanced support for cloud-hosted applications, provides new format plug-ins and offers multiple enhancements to enable firms to integrate heterogeneous data sources.

Volante’s latest release, Designer 5.0, has been significantly enhanced to help clients continue to effect fast, efficient transactions and reduce risk in the face of ever-increasing demands from regulation and new technology.

Designer 5.0 includes support for various message standards in payments, securities, reference data and other domains, such as CHIPS, SIC/EuroSIC, SECOM, CREST and SWIFTRef. As part of the new updates, Volante also incorporates new format plug-ins for reports and document formats such as MS Word and Excel, PDF and RTF formats. For existing standards, Designer 5.0 includes support for the newer releases, such as SWIFT Standards Release 2013 and FpML 5.5.

Volante Designer 5.0 encompasses a suite of modular software tools capable of handling the most complex data integration and management challenges, on virtually any platform. Used by major financial institutions, exchanges and industry utilities around the world, Volante enables users to rapidly build data integration solutions to handle data feeds and applications used by both internal and external counterparties.

In response to demands by CTOs and architects to use a variety of operating systems, Version 5.0 now includes Design Time support for Windows 8 as well as the ability to run on Mac OS X and Linux. Furthermore Designer 5.0 delivers enriched support for cloud computing by providing support for OSGi and other cloud technologies, and includes closer integration with Oracle Fusion Middleware, IBM Websphere Message Broker and Apache CAMEL.

Vijay Oddiraju, Chief Executive Officer, Volante Technologies, said, “In order to meet industry and customer requirements, we are in constant communication with our customers and partners in order to help understand their challenges and deliver the product features they need. Version 5.0 is a significant release and is in response to those needs. The release also includes many important updates and enhancements to new and existing format plug-ins to address the needs of new regulations and technologies being adopted.”

Preeti Das, Chief Executive Officer, Birlasoft, said, “A niche player in capital markets technology with specific focus on post-trade solutions across multiple asset classes including derivatives, Birlasoft has been delivering high quality solutions and value added services to customers on market and regulatory initiatives that are re-defining the behavior of global markets today. As a business alliance partner of Volante we have been an early adopter of the Volante Designer Version 5. With Volante’s new and enhanced features of Designer version 5.0, we believe we’ll be able to enhance and expand our services to multiple domains and deliver them faster to our financial services customers.”

Ravi Vasantraj, Global Head- BFSI Solutions, Tech Mahindra Limited, said, “Tech Mahindra has been working closely with Volante Technologies in building solutions in financial services, particularly in the transaction banking and capital markets space. Together, we have worked to address problem statements from customers in different ends of the value chain needing innovative approaches; Tech Mahindra is impressed with the way the new versions and upgrades from Volante has helped us address some of the long existing issues or white spaces. We can visibly see better performance, plug-in enhancements and support for newer formats with Volante Designer 5.0 that has enabled us to offer not only quick go to market options for our customers but at considerable cost leverages that delight our customers.”