Volante Technologies and HCLTech collaborated to enhance modernisation of cloud payments for financial institutions

Volante Technologies, HCLTech

Volante Technologies, the world’s top provider of cloud payments and financial messaging solutions, announced today a strategic agreement with HCLTech, a leading global technology firm. Together, the companies will promote payments modernization to assist financial institutions in keeping up with the industry’s fast-paced digital disruption.

HCLTech’s digital and technical services expertise will be combined with Volante’s cloud-native payments solutions and low-code finance platform. This will allow financial institutions to swiftly implement solutions for instant payments, real-time gross settlement (RTGS), and a variety of low and high-value local and international payment methods. Furthermore, the companies will collaborate to provide their common vision of payments to a broader spectrum of clients and financial services organisations.

The firms will collaborate to establish centres of expertise in India and Romania to assist with the configuration, customisation, integration, and implementation of Volante’s ecosystem of business services for payments modernization. For the following three years, both institutions intend to expand this multi-regional team of professionals.

“Our partnership with Volante will help our clients operate in a stable, scalable and flexible payment ecosystem and develop faster time-to-market capabilities,” said Srinivasan Seshadri, Chief Growth Officer, and Global Head of Financial Services, HCLTech. “With HCLTech’s decades of systems implementation expertise within payments and the banking industry as well as deep cloud technology experience, HCLTech and Volante will enable tremendous impact in the areas of payments-as-a-service for financial institutions and help banks modernize their payments infrastructure.”

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

“The joint centers of excellence will help us expand our international footprint faster and give us access to additional regional resources,” said Deepak Gupta, Senior Vice President & Global Head, Payments as a Service and Strategic Partnerships, Volante Technologies. By adding these regional capabilities, we will proactively apply local know-how and engineering capabilities as our clients continue their payments modernization journey.”

HCLTech and Volante Technologies are now collaborating on various implementation engagements with some of the world’s top institutions.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.