Volante Technologies selected by FIMBank Malta 17 October 2018Valletta Reporter: Jenna Lomax
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Volante Technologies, a provider of software for accelerated end-to-end payments processing, has signed FIMBank Malta as the first customer for its newly launched cloud-based VolPay-as-a-service offering.
Volante will provide FIMBank with a managed service for processing Single Euro Payments Area (SEPA) payments in the cloud, powered by Volante’s VolPay suite of payments products, running on Microsoft Azure.
According to Volante, by leveraging Microsoft’s experience in cloud technology, it can now offer the most advanced payments capabilities as a resilient, scalable and highly secure service.
Vijay Oddiraju, CEO of Volante Technologies, said: “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 the time to market without compromising on security, resiliency or scalability.”
He added: “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.”
Gilbert Coleiro, chief investment officer at FIMBank, commented: “VolPay-as-a-service for our SEPA payments provides us with an opportunity to switch provider rapidly and cost-effectively.”
He added: “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 of Worldwide Financial Services Industry at Microsoft, said: “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.”
She added: “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.”
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