The regulators have spoken. PSD2 in Europe, the UK’s CMA9, and India’s Policy on Open APIs, among others, all have the same goal: to increase competition and choice by mandating open payment and banking services.
Compliance isn’t enough. Even without regulatory pressure, competition from challengers and the API-friendly approaches of fintechs and "bigtechs" is forcing banks to rethink their business models in favor of open banking. Mere compliance isn’t enough to ensure that traditional banks will survive.
VolPay Open Banking addresses compliance requirements wherever necessary, while providing an ideal launching pad for using open banking to innovate and compete.
VolPay Open Banking
A single solution for payment initiation, account access and other API-based open banking services. Handles all orchestration and integration with bank and third party systems, ensuring minimal system impact and full regulatory compliance. Compatible with all external API management platforms.
- UK CMA9
- Australia ACCC Open Banking
- Other regional and global open banking standards
- Develop new omnichannel customer experiences
- Combine open banking with real-time / instant payments
- Offer all banking services on open API channels, creating the "open branch"
- With over 300 open banking APIs
- Global and regional banks
- Challenger banks
- Third-Party Providers (TPPs)
- Fintechs and bigtechs
- Private cloud
- Public cloud
- Hybrid models
Read the press release
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
Read the press release
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 Neil Clarke
Volante’s Neil Clarke talks about how PSD2 and open banking challenge bank business models.
UK Open Banking Market Focus
Volante has partnered with Token.io to offer a packaged, turnkey solution for UK CMA9 and PSD2 compliance, for any financial institution that provides payment services in the UK.
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.
Real-Time / Instant Payments
Bring new real-time 24x7 customer experiences to market, worldwide
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 payment processing and connectivity
Beneficiary Pay Link
Move from paper to digital by allowing corporations to pay any beneficiary, the way they want to be paid
Accelerated Payments Integration
Speed delivery, and lower the cost and complexity of your payments transformation projects