Volante Technologies Unveils Volante Payments Intelligence, Empowering Financial Institutions with Real-Time Visibility
Date: December 6, 2023
In a significant move to bolster itsPayments-as-a-Service (PaaS) offerings, Volante Technologies has announced the launch of its new module, Volante Payments Intelligence. The cutting-edge solution aims to provide financial institutions with enhanced visibility and control over their payments business, addressing the challenges posed by real-time payments, ISO 20022, and the digitization of payment flows.
As stated in a press release issued on November 14, 2023, Volante Payments Intelligence offers banks access to historical and real-time payments data, complemented by actionable intelligence for strategic planning, optimization of operational efficiency, and accurate tracking of performance. Industry experts describe this innovation as transformative, filling a critical gap previously unaddressed by other platforms.
The solution was developed in collaboration with Volante's diverse customer base, aiming to deliver measurable and personalized business intelligence in real-time. The company's executive vice president for product, engineering, and services, Deepak Gupta, emphasized the significance of this development: "We have crafted a transformative solution to bridge the shortcomings of existing intelligence solutions... empowering our customers to unlock new heights in operational efficiency and strategic growth."
Volante Payments Intelligence enables financial institutions to reduce manual reporting time, prioritize operational efforts, mitigate risks, and adapt to market changes. This solution is designed for integration into existing systems and deployment across private or hybrid cloud environments, or as part of Volante's PaaS offering.
Additionally, Volante has recently achieved Fedwire Funds Service certification for ISO 20022 messaging capabilities in its wire payment processing solutions. This achievement represents a significant milestone for the company, as it provides customers with an streamlined pathway to compliance and enables them to expand their payment operations from a single platform.
Recently, Volante made its latest version of Volante Experience generally available, enhancing the PaaS with features such as out-of-the-box reporting, operation productivity improvements, business insights, and cloud service management.