Payments

Volante Technologies and Deloitte Form Strategic Partnership To Speed Up Payments Modernization

The global leader in cloud payments and financial messaging, Volante Technologies, and Deloitte are collaborating to provide customers with a groundbreaking new service that will allow financial institutions to change how they operate their payments market.
As part of a larger strategic partnership arrangement, Volante's cloud-based infrastructure platforms for financial firms will also provide Deloitte insight and integration services.

Volante and Deloitte's latest offering would allow banks and payment service providers to maximise the strategic and financial advantages of payments automation and cloud computing while simplifying regulatory enforcement challenges and lowering operating risk. Furthermore, it will enable the market to develop new payment products more quickly.

"Payments institutions must modernize their core payments systems and operations to address the issues that matter most to their business's success. No longer can anyone in the payments ecosystem rely on outdated technology solutions," comments Tushar Puranik, Deloitte Consulting LLP Managing Director, and Payments Transformation Leader. He further continues, “We see Volante as an important and innovative player, their modern, componentized, cloud-native solutions and services will enable financial institutions and payments processors to accelerate enablement of real-time payments and adoption of ISO 20022 regulations and standards, reduce infrastructure costs, and grow their businesses with agility. We are excited about the opportunity to bring the benefits of our alliance with Volante to our clients."

Deloitte, is the firm that serves 94 percent of Fortune 500 financial institutions and has one of the industry's biggest payments-focused divisions, will also add a range of extensive technology-implementation expertise to the offering. This includes assisting clients in fields as varied as payments transformation, API-driven integration, risk and regulatory enforcement, anti-fraud schemes, and global and local cybersecurity capabilities.

"We're delighted to welcome Deloitte as a strategic alliance teammate," explains Jim Chow, Volante Technologies VP of partnerships. He further explains, "With more than 1,500 practitioners focused on the cutting edge of trends in the payments industry that transcend borders, Deloitte's payments group provides end-to-end capabilities that can enable companies to offer a wide range of alternative delivery channels and enhance customer experience."

"To meet evolving corporate and consumer expectations, banks need to modernize their technology at every point in the payment lifecycle, and prioritize cloud and Payments-as-a-Service models for payments processing," states Vijay Oddiraju, CEO, Volante Technologies. He further mentions, "Deloitte's deep experience in strategy, implementation and integration will be a critical factor in helping our joint customers derive the greatest value from our payments solutions."

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories.

About Volante Technologies
Volante Technologies is the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation. We serve as a trusted partner to over 100 banks, financial institutions, market infrastructures, clearing houses, and corporate treasuries in 35 countries. Our solutions and services process millions of transactions and trillions in value every day, powering four of the top five corporate banks, 40 percent of all U.S. commercial bank deposits, and 70 percent of worldwide card traffic. As a result, our customers can stay ahead of emerging trends, become more competitive, deliver superior client experiences, and grow their businesses through rapid innovation.

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