Azqore & Volante Technologies partner for SEPA instant payments

By Gloria Methri

Azqore, a business and technology partner for wealth managers, has selected Volante Technologies’ Payments as a Service (PaaS) to deliver SEPA instant payments and ISO 20022 messaging services to its customers.

Azqore had previously partnered with Volante to accelerate its multi-country, multi-bank ISO 20022 adoption programme. Today’s PaaS announcement extends this partnership to incorporate SEPA instant payments – a step forward in Azqore’s payments modernization strategy.

“As customer demand continues to evolve, financial institutions of all kinds must have the solutions they need to stay competitive, especially as we’re seeing an increase in the pace of regulatory change,” said Anders Ohrneman, Head of IT Post-Trade & Operations, Azqore.

Regulatory considerations played a crucial role in Azqore’s selection of Volante’s Payments as a Service due to the requirement to meet the deadlines for SEPA Instant Payments mandated by the European Union. Other key factors were the need for rapid time to market for new services, tight integration into Azqore’s core banking infrastructure and the opportunity to create an extensible platform for future payment modernization.

Belhassen Belkhechine, Payments & Operations Product Manager, Azqore, said, “With Volante’s Payments as a Service, we can bring new instant payments and ISO 20022 services to market faster. We also have built the foundation of a platform for innovation for all our customers, easily extensible to future payment types and services.”

Azqore joins a growing number of European institutions that have adopted Volante’s PaaS to realize their payment modernization goals.

“We are excited about the payments modernization journey we have embarked upon with Azqore. Our track record of delivering innovation through PaaS, combined with Azqore’s experience and extensive reach, paves the way for financial businesses to reap the benefits of new services such as instant payments and ISO 20022 messaging,” said Deepak Gupta, EVP Product, Engineering & Services, Volante Technologies. “With our PaaS value proposition, we are ideally positioned to drive the digital transformation of the payments ecosystem for consumers and businesses alike.”