In the ever-evolving world of financial technology, the introduction of innovative tools that enhance operational efficiency and provide strategic insights is crucial for staying competitive. Volante Technologies has made a significant stride in this area with the expansion of its Volante Payments Platform through the introduction of its new module, Volante Payments Intelligence. This module is specifically designed to provide financial institutions with enhanced visibility and control over their payments operations, offering both historical and real-time payments data along with actionable business intelligence that is crucial for strategic planning, optimizing operational efficiency, and accurately tracking performance.
The solution offered by Volante Payments Intelligence addresses several core challenges faced by financial institutions, such as the complexities associated with real-time payments, ISO 20022 standards, and the increasing digitization of payment flows. By significantly reducing the time banks spend on manual reporting processes, the module enables financial institutions to focus more on their operational priorities, improve risk mitigation strategies, and better adapt to evolving market changes. Additionally, the versatility of the solution allows it to be seamlessly integrated into existing systems and deployed in private or hybrid cloud environments, or used as part of Volante’s Payments-as-a-Service (PaaS) offering.
Enhanced Operational Efficiency and Strategic Growth
Deepak Gupta, Volante Technologies’ executive vice president of product, engineering, and services, described the Volante Payments Intelligence module as transformative, highlighting how it fills a critical gap in existing platforms by offering personalized and real-time business intelligence. This enhancement is not just a technological upgrade, but a comprehensive solution designed to empower a wide range of financial institutions, from small enterprises to large global entities, enabling them to achieve greater operational efficiency and drive strategic growth. The ability to access real-time payments data means that financial institutions can make more informed decisions, swiftly responding to market changes and customer needs.
The article also sheds light on Volante’s previous achievements, such as receiving Fedwire Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions. This certification simplifies the compliance process with ISO 20022 standards for wire payments and enables banks to incorporate more payment rails from a single platform. Such advancements underscore Volante’s commitment to leading the fintech industry in providing cutting-edge solutions that not only address current gaps but also push the boundaries of what business intelligence in payment processing can achieve.
Adapting to Market Changes and Improving Risk Mitigation
The comprehensive data analytics provided by Volante Payments Intelligence equips financial institutions with the tools needed to better adapt to market changes. The digitization of payment flows has introduced a new set of challenges, but this module simplifies management by providing a clear, real-time view of payment operations. The enhanced visibility translates into improved risk mitigation, as banks can promptly identify and address potential issues before they escalate. The historical data, combined with real-time analytics, offers a formidable toolset for both day-to-day operations and long-term strategic planning.
In addition to operational efficiency, the Volante Payments Intelligence module also contributes to an improved customer experience. By streamlining backend processes and ensuring compliance with evolving industry standards, banks can offer faster, more reliable services to their customers. This, in turn, helps in building customer trust and loyalty, which are essential for long-term success in the highly competitive fintech landscape. The module’s ability to integrate with existing infrastructure without significant disruptions or additional costs further complements its attractiveness, making it a valuable addition for financial institutions looking to maintain an edge in the market.
Conclusion
In the fast-changing landscape of financial technology, introducing innovative tools that boost operational efficiency and offer strategic insights is key for staying competitive. Volante Technologies marks a major advancement with the expansion of its Volante Payments Platform, launching the new Volante Payments Intelligence module. This module is crafted to give financial institutions superior visibility and control over their payment operations, providing both historical and real-time payment data alongside actionable business intelligence vital for strategic planning, optimizing operations, and accurately tracking performance.
Volante Payments Intelligence solves several critical challenges faced by financial institutions, including managing real-time payments, adhering to ISO 20022 standards, and navigating the growing digitization of payment flows. By drastically cutting the time banks spend on manual reporting, the module allows institutions to better focus on operational priorities, improve risk management, and adapt to market changes. Its flexibility enables seamless integration with existing systems and deployment in private or hybrid clouds, or use as part of Volante’s Payments-as-a-Service (PaaS) offering.
