Open Banking is bigger than mere regulation. It’s true that regulations have provided the initial thrust toward open banking—PSD2 in Europe, the UK’s CMA9, and Mexico’s Fintech Law, among others. But customer demand and fierce competition are also driving open banking, even in countries without explicit mandates.
Compliance isn’t enough. Without providing additional value within their open banking platforms, such as real-time payments and next-generation transaction banking capabilities, traditional banks run the risk of relegating themselves to the role of back-office providers.
Speed is a competitive advantage. Banks need technology that allows them to easily achieve compliance as well as quickly add more advanced capabilities. The key to gaining a competitive edge lies in being able to modernize progressively and evolve to a truly open ecosystem that is adaptable to a rapidly changing environment.
Volante Open Banking
An extensible platform for payment initiation, account access, and other API-based open banking services that can be deployed as an integrated stand-alone solution or co-exist with existing assets.
- UK CMA9
- Mexico Fintech Law
- Other regional and global open banking standards
- Develop new customer experiences and overlay propositions
- Build APIs with in-house services or in collaboration with fintechs
- Combine open banking with real-time / instant payments
- Accelerate open banking digitalization initiatives
- Global banks
- Regional banks
- Third-Party Providers (TPPs)
- Fintechs and bigtechs
- As a service in the cloud
- Private cloud
- Public cloud
- Hybrid models
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We looked for a solution that would enable PSD2 compliance quickly without having to make considerable changes to our systems and considered Volante and Token’s PSD2 compliant APIs a perfect one-stop-shop solution to provide this capability
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By using Volante’s ready-made PSD2 solution, we are able to become PSD2 compliant within only a few months, without having to divert costly IT resource to the project. This enables us to focus on our core business and we continue to serve our UK clients in the best way possible
Finextra interview with Nadish Lad
Volante Technologies' global head of payment products, discusses Open Banking and PSD2 regulation.
Volante offers interoperable, extensible solutions for a variety of payments needs, all composed of business services from the VolPay ecosystem.
Corporate To Bank Automation
Onboard corporate customers faster and win new corporate clients by automating corporate to bank connectivity
Global Clearing Gateways
Accelerate expansion into new markets by connecting to over one hundred global clearing and settlement mechanisms
Modernize your payments infrastructure without replacing legacy payment systems
Unify all your payment processing and orchestration functions in a single service ecosystem
Open Banking and PSD2
Strengthen customer relationships through open banking business models, while complying with PSD2 and similar regulations
Expand your service portfolio with next-generation cross-border payments like SWIFT gpi, Ripple and more
Beneficiary Pay Link
Move from paper to digital by allowing corporations to pay any beneficiary, the way they want to be paid