typical cost savings when adopting Volante’s cloud-based payments as a service
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.
Payments Modernisation: The Cloud Imperative
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
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.
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
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
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
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
Onboard corporate customers faster and win new corporate clients by automating corporate to bank connectivity
Modernize your payments infrastructure without replacing legacy payment systems
Unify all your payment processing and orchestration 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