Volante Introduces Accelerator for Bank Integration to Ripple’s Distributed Financial Technology

Volante Introduces Accelerator for Bank Integration to Ripple’s Distributed Financial Technology
07.06.2016 08:00 am

Volante Introduces Accelerator for Bank Integration to Ripple’s Distributed Financial Technology

Payments , Infrastructure

Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages and payments, working in collaboration with Ripple, today announced it has created a solution specifically designed to accelerate the process of integrating with Ripple, the global provider of distributed financial technology solutions offering real-time settlement of cross border payments.

At SIBOS 2015 Volante demonstrated Ripple-readiness as a feature of the VolPay Hub product.  Building on this capability and following close engagement with Ripple, Volante has developed a highly flexible integration solution wholly designed to simplify the connectivity to Ripple.  

For over 15 years Volante’s technology has enabled financial institutions and corporates to accelerate their connectivity to a wide range of clearing and settlement mechanisms. The software suite includes an ever growing and maintained library of plugins and transformations for over 330 international and domestic standards and bidirectional and customisable transformations, to enable fast and efficient integration with a vast range of payment flows.

Volante’s new Ripple integration solution is the latest component added to Volante’s VolPay suite, and has been created to ease integration for banks who are current or future Ripple customers. The solution encompasses the necessary workflow, message transformation, and payment orchestration requirements to allow banks a significantly simpler method of integrating with Ripple’s payment network, both on the sending and receiving side, with minimal if any changes to their existing payment systems.

Neil Clarke, Market Engagement Director, Volante Technologies, commented, “Ripple continues to gain traction in the payments world and banks are looking for solutions to quickly and easily integrate to this new distributed ledger based multi-currency settlement solution.  Volante’s market leading integration technology is ideally suited to meet the challenge of integrating a bank’s payment systems to the Ripple network. Our aim has been to make integration with Ripple, a plug and play process.”

Steve Mollenkamp, Head of Channel Sales, Ripple, commented, “The combination of Volante and Ripple greatly simplifies banks' integration with Ripple distributed financial technologies. We view Volante as a critical partner for building Ripple's new real-time, data-rich payments network.” 

Nadish Lad, Head of Payments Product, Volante Technologies, added, “By introducing this new Ripple integration solution as a component part of VolPay Foundation, we are now offering the same agility and simplicity to banks looking to integrate their existing payment infrastructure, regardless of their payment platform, with the Ripple settlement network. The Volante solution will use the bank’s existing payment message standards to communicate with Ripple – Banks will be able to achieve integration without spending the time and effort normally associated with this type of integration work.”

Related News

Introducing MultiPay by PayPoint

The market-leading omnichannel one-stop-shop for digital payment solutions for the banking sector

Over the last decade, many of the UK’s businesses have... Read more »

Vodacom customers will now have the option and ability to easily transfer and receive funds from individuals across more than 200 countries worldwide

Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa; The mobile Money services continues to drive economic growth and financial inclusion in Africa.... Read more »

Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payments Initiative (EPI)

A group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments... Read more »

BNY Mellon To Deliver Real-Time Account Validation Services to Corporate and Bank Clients

BNY Mellon today announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). Through this... Read more »

PPRO adds European Paysafecash to its robust local payment method platform

Today, PPRO, the leading local payments platform-as-a-service, announces that it has released a direct integration with Paysafecash, in a move that signifies the brand’s... Read more »

Paycircle and PayDashboard partner to fully digitise payroll and payday experience

Cloud-based payroll provider, Paycircle, and interactive payslip platform... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel