Azqore to deliver modern SEPA instant payments and ISO 20022
services to its financial institution customers worldwide
LONDON, July 9, 2024
/PRNewswire/ -- Volante Technologies, the global leader in payments
as a service, today announced that Azqore, a business and
technology partner for wealth managers, has selected Volante's
Payments as a Service (PaaS) to deliver SEPA instant payments and
ISO 20022 messaging services to its customer base.
Azqore and Volante started working together when Azqore selected
Volante's low-code ISO 20022 service to accelerate its
multi-country, multi-bank, ISO 20022 adoption programme. Today's
PaaS announcement, extending the partnership to incorporate SEPA
instant payments, represents an important step forward in Azqore's
payments modernization strategy.
"As customer demand continues to evolve, it is crucial that
financial institutions of all kinds have the solutions they need to
stay competitive, especially as we're seeing an increase in the
pace of regulatory change," stated Anders Ohrneman, Head of IT
Post-Trade & Operations, Azqore.
Regulatory considerations played a crucial role in Azqore's
selection of Volante's Payments as a Service, due to the
requirement to meet the aggressive deadlines for SEPA Instant
Payments mandated by the European Union. Other key
factors were the need for rapid time to market for new services,
tight integration into Azqore's core banking infrastructure and the
opportunity to create an extensible platform for future payments
modernization.
Belhassen Belkhechine, Payments & Operations Product
Manager, Azqore continued, "With Volante's Payments as a
Service, we can bring new instant payments and ISO 20022 services
to market faster. We also have built the foundation of a platform
for innovation for all our customers, easily extensible to future
payment types and services."
Azqore joins a growing number of European institutions who have
adopted Volante's PaaS to realize their payments modernization
goals. In welcoming Azqore as a customer, Volante extends its
track record as a pioneer in ISO 20022 and instant payments. The
company processed the first U.S. RTP® transaction and
the first instant payment in Saudi
Arabia.
"We are excited about the payments modernization journey we have
embarked upon with Azqore. Our track record of delivering
innovation through PaaS, combined with Azqore's experience and
extensive reach, paves the way for financial businesses to reap the
benefits of new services such as instant payments and ISO 20022
messaging," commented Deepak
Gupta, EVP Product, Engineering & Services, Volante
Technologies. "With our PaaS value proposition, we are ideally
positioned to drive the digital transformation of the payments
ecosystem for consumers and businesses alike."
Find out how Volante's PaaS can help financial institutions
address their modernization challenges here.
About Volante Technologies
Volante Technologies is the
trusted cloud payments modernization partner to financial
businesses worldwide, giving them the freedom to evolve and
innovate at record speed. Volante's Payments as a Service and
underlying low-code platform process millions of mission-critical
transactions and trillions in value daily, so customers can focus
on growing their business, not managing their
technology. Real-time ready, API enabled, and ISO 20022
fluent, Volante's solutions power four of the top five global
corporate banks, two of the world's largest card networks, and 66
percent of U.S. commercial deposits. Learn more
at volantetech.com and linkedin.com/company/volante-technologies.
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SOURCE Volante Technologies, Inc.