of all SWIFT payments pass through gpi
Instant payments have arrived in Europe. European consumers and businesses can now exchange funds immediately, at any time, using one of two pan-European networks, EBA Clearing’s RT1 and the ECB’s TIPS, whose Governing Council has moved to mandate that all T2 participants be reachable in TIPS by the end of 2021.
It’s all about connectivity. There are many strong use cases for instant payments that can serve as the basis for monetizing value-added services. But to deliver these services, banks need to easily connect to TIPS and/or RT1, and develop new instant-payment customer experience solutions.
It’s time for instant payments processing as a service in the cloud. In the past, adding a new payment scheme and enabling 24x7x365 real-time operation required high upfront costs and long integration projects. Volante’s service eliminates the drawbacks of legacy approaches, allowing banks to join the instant payment revolution quickly and at low cost.
Dome Scaffidi, Payments Business Development Director at Volante, discusses how SWIFT gpi helps banks and financial institutions keep their assets more liquid. Learn More
The only multi-network managed service solution for instant payments, providing end-to-end payment processing and network connectivity for both RT1 and TIPS, as a managed service in the cloud
Funds Transfer. Accepts and processes payment instructions from customers and distributes them via SWIFT network to agent banks.
gpi. Complies with all gpi rules with universal confirmation upon credit to beneficiary.
Statement and Nostro Reconciliation. Reconciles MT940/MT942 statements against payments via automatic and manual matching.
Common Services. Provides dashboards, entitlements, user management, and notifications.
Volante offers interoperable, extensible solutions for a variety of payments needs, all composed of business services from the VolPay ecosystem.
Onboard corporate customers faster and win new corporate clients by automating corporate to bank connectivity
Modernize your payments ifrastructure without replacing legacy payment systems
Unify all your payment processing and orchestrations functions in a single service ecosystem
Expand your service portfolio with next-generation cross-border payments like SWIFT gpi, Ripple and more
Move from paper to digital by allowing corporations to pay any beneficiary, the way they want to be paid