Volante, HCL Technologies to help financial institutions expedite cloud payments modernization

Volante Technologies, a provider of cloud payments and financial messaging solutions, has forged an alliance with HCL Technologies (HCLTech) to drive modernization of payments to enable financial institutions to match with the fast-paced digital disruption occurring across the sector.

HCL Technologies will integrate its engineering and digital services capabilities with Volante Technologies’ cloud-native payments solution and low-code finance platform. This will allow financial institutions to deploy quick solutions that allow instant payments and the real-time settlement of gross (RTGS) payment, as well as various high-value and low-cost international and domestic payment methods.

Furthermore, the companies are working together to create a mutually agreed-upon vision of payments accessible to a greater number of clients and financial service companies.

Jim Chow — Volante Technologies Vice President, Partnerships and Business Development said: “HCLTech’s energy and collaborative style stood out immediately as we began this partnership.

“They have been an invaluable partner for Volante on the implementation and product side. Together with HCLTech, we will scale our ability to help banks modernize and drive innovative payments solutions.”

Volante Technologies and HCL Technologies will collaborate to create centers of excellence in India as well as in Romania to help with the configuration, customization, integration, and deployment of the former’s enterprise ecosystem solutions for modernizing payments.

Both organizations have a commitment to bolstering the multi-regional team of experts in the coming three years.

Presently, HCLTech and Volante Technologies are said to be involved in several implementations with the biggest banks around the world.

Deepak Gupta — Volante Technologies Senior Vice President and Global Head, Payments as a Service and Strategic Partnerships said: “The joint centers of excellence will help us expand our international footprint faster and give us access to additional regional resources.

By adding these regional capabilities, we will proactively apply local know-how and engineering capabilities as our clients continue their payments modernization journey.”