Corporate to bank, bank to bank, corporate/bank to payments provider, corporate on-boarding

Industry and regulatory change is constant and keeping abreast and updating payment systems, messages and processes can prove costly in terms of time, risk and resource.

Interbank, counterparty payments have been the foundation of SWIFT, standards, automated messaging and the holy grail of STP.

Arguably the most established financial transaction is the exchange value; payments are now subject to the same levels of change experienced across financial services.

Regulatory change including SEPA (Single European Payments Area) and EPD (European Payments Directive) is creating new message formats which back office payment engine systems will be required to integrate into their processes, already challenged with other requirements including Anti-Money Laundering (AML) and Know Your Client (KYC).

Volante insulates the back office investment from the world of ever-changing messages, standards, protocols and interfaces. These interfaces must now include new networks, service providers and the ultimate originator of payment instructions – the corporate enterprise resource planning (ERP) system.

Firms have to manage and transform message types, from legacy ISO 15022 to ISO 20022, MT to MX accessing service bus technology from Oracle and other popular brands. In applying our experience and expertise, these transformations become off-the-shelf implementations as opposed to difficult, costly and risky upgrades to older systems.

Our ‘plug in’ development team continually monitor industry updates for new standards and changes and ensure that our approach accommodates the latest developments.