FIMBank is using cloud-based payments as a service for the Single Euro Payments Area (SEPA)
NEW YORK, LONDON, DUBAI, United Arab Emirates and MEXICO CITY, Oct. 17, 2018 — Volante Technologies Inc., a global provider of software for accelerated end-to-end payments processing, today announced that FIMBank Malta has signed as the first customer for Volante’s newly launched cloud-based VolPay-as-a-Service offering. Volante will provide FIMBank with a managed service for processing SEPA payments in the cloud, powered by Volante’s VolPay Suite of payments products running on Microsoft Azure.
Any institution looking to transform its payments infrastructure can now accelerate that transformation by consuming VolPay-as-a-Service in the cloud, rather than embarking on a lengthy in-house deployment. By leveraging Microsoft’s experience in cloud technology, Volante can now offer the most advanced payments capabilities as a resilient, scalable and highly secure service.
Vijay Oddiraju, CEO, Volante Technologies, commented, “In the fast changing world of payments, VolPay-as-a-Service on Microsoft Azure ensures that institutions have rapid access to applications to support their payments processing needs without the lengthy implementation and update cycles normally associated with traditional deployment options. This speeds up time to market without compromising on security, resiliency or scalability. We see this as an important step in our ongoing mission of providing more value added and innovative services and solutions tailored to our customers’ needs.”
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Gilbert Coleiro, CIO, FIMBank, commented, “VolPay-as-a-Service for our SEPA payments provides us with an opportunity to switch provider rapidly and cost effectively. The combination of rich VolPay functionality together with the flexibility to integrate the solution easily to our existing platforms without the need to build additional infrastructure, is an ideal value proposition.”
Janet Lewis, vice president, Worldwide Financial Services Industry at Microsoft, adds, “We are delighted that FIMBank is transforming with innovations powered by Microsoft Azure. Azure offers the security, scale and resiliency firms both large and small require, making it a leading cloud for the financial services industry. With services such as Volante’s VolPay available on Azure, payments processes for banks can be streamlined across the entire payments lifecycle while taking advantage of all the features and benefits that cloud has to offer.”
About FIMBank FIMBank p.l.c. is a leading provider of trade finance, factoring and forfaiting solutions, with a global presence in various important financial and trading centres. FIMBank is a customer-driven provider focused on optimising business performance and supporting business growth by developing tailor-made trade finance solutions that provide exporters with accelerated receivables and importers with extended credit. The Bank is at the forefront of introducing and developing innovative receivable finance techniques in emerging markets.
About Volante Technologies Founded in 2001, Volante Technologies is a global leader in the provision of software for the integration, processing and orchestration of payments and financial messages within financial institutions and corporate enterprises. Volante is dedicated to helping firms increase their business agility so they can focus on being competitive in their marketplace. Product features such as configuration rather than coding, automated code and documentation generation and inbuilt test harnesses promise significantly accelerated project completions.
Volante serves a growing client base of more than 85 financial institutions and corporate enterprises operating in over 35 countries. Clients include several of the largest global organizations. Many clients use Volante to assist with multiple product implementations ranging from message transformation and integration, through to the processing and orchestration of payments. Along with its products, Volante Designer and the VolPay Suite of payments processing products, Volante maintains a growing library of hundreds of domestic and international financial industry standards plugins, transformations and processor modules. Volante’s VolPay Suite of payment products can be licensed and deployed on premise or on the cloud. Should clients choose to subscribe to any of the VolPay Suite applications as ‘Payments as a Service’ on the cloud, Volante also offers this option.
Supported by offices in Jersey City, London, Dubai, Mexico City, Bogota, Hyderabad, Chennai and Pune, Volante is able to encapsulate a best practice approach into all its product lines. For further information please visit: www.volantetech.com
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