Volante SEPA Instant Payments as a Service

40%

typical cost savings when adopting Volante’s cloud-based payments as a service

Instant payments volumes are rapidly increasing in Europe. European consumers and businesses can now exchange funds immediately, at any time, using one of two pan-European networks, EBA Clearing RT1 and the ECB’s TIPS, whose governing council mandated all T2 participants to be reachable at 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.

Payments Modernisation:
The Big Survey 2022

Standard Chartered Bank – Payments Modernisation

Standard Chartered Bank provide insight to their cloud first strategy and explain how Payments Modernisation is enabling them to remain competitive in the industry today

Webinar

This Finextra webinar, “Has the ‘instant’ been taken out of instant payments adoption for corporate banks?” features Saxo Bank, SIA, and Volante discussing the latest trends in instant payments and the implications for corporate banks.

Volante SEPA Instant Payments as a Service

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

Solution Features

  • One solution for all instant payment needs
  • Certified network connectivity for RT1 and TIPS via SIANet
  • Easy to use UI, 360° view of payments
  • Real-time dynamic dashboard and reporting on operational flows
  • APIs for open banking and PSD2 compliance

Managed Service Features

  • Cloud-managed, no hardware or software required
  • Technical resources to maintain infrastructure
  • Management of network connectivity gateways and components
  • Standardized onboarding
  • Ongoing service management and maintenance

Technology For Business Resilience

  • Industry-first active-active-active deployment
  • Real-time services always-on, 24x7x365
  • Deploy compliance updates and new features without downtime
  • Benchmarked to 46 million transactions per hour in the cloud
  • ISO 27001:2013, SOC1, SOC2 certified

Business Benefits

  • Reduce TCO by nearly 40%
  • Shift capex to opex, pay only for what you use
  • Get onboarded fast – 60 days or less
  • Improve time to value for new services 
  • Extend to other available services such as SWIFT and bulk SEPA

Why Volante?

The combination of the rich Volante Payments as a Service functionality and its flexibility to integrate with platforms without the need to build additional infrastructure is an ideal value proposition

Gilbert Coleiro, CIO, FIMBank
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Volante Technologies…delivers significant advantages to clients who are looking to optimize the use of cloud technologies and benefit from a reduction in hardware and software costs

Janet Lewis, VP Worldwide Financial Services, Microsoft
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We are ready to move fast in order to offer innovative payment and remittance services to our customers and we firmly believe that Volante is the right partner to enable us to do this

Tony Xiao, Director & CEO, Niche Global
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As part of the SIA Partnership Program, we will enable Volante’s customers to directly access the pan-European payments platforms by leveraging the integration between a leading network infrastructure

Cristina Astore, Northwest Europe and DACH Region Sales Director, SIA
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The Volante Experience™ brings the speed, lower cost and simplicity of the modern SaaS customer onboarding experience to banks and financial institutions adopting Volante’s cloud-native payments solutions.

Ready to take a closer look?