Azqore partners with Volante Technologies for SEPA instant payments

Volante Technologies, a global leader in payments as a service (PaaS), has announced a strategic partnership with Azqore, a business and technology partner for wealth managers. Azqore has selected Volante’s PaaS to provide SEPA instant payments and ISO 20022 messaging services to its financial institution customers worldwide.

Azqore and Volante have a history of collaboration, beginning with Azqore’s adoption of Volante’s low-code ISO 20022 service to accelerate its multi-country, multi-bank ISO 20022 adoption program. This new PaaS agreement extends their partnership, marking a significant milestone in Azqore’s payments modernization strategy.

“As customer demand continues to evolve, it is crucial that financial institutions of all kinds have the solutions they need to stay competitive, especially as we’re seeing an increase in the pace of regulatory change,” stated Anders Ohrneman, head of IT post-trade and operations at Azqore.

Regulatory compliance was a critical factor in Azqore’s decision to adopt Volante’s PaaS, particularly the need to meet the European Union’s stringent SEPA Instant Payments deadlines. The ability to bring new services to market rapidly, seamless integration into Azqore’s core banking infrastructure, and the potential for future payments modernization were also key considerations.

“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,” said Belhassen Belkhechine, payments and operations product manager at Azqore.

Volante has a proven track record, having processed the first U.S. RTP® transaction and the first instant payment in Saudi Arabia.

“We are excited about the payments modernization journey we have embarked upon with Azqore,” added Deepak Gupta, executive vice president product, engineering and services at Volante Technologies.

“Our PaaS value proposition, 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. We are ideally positioned to drive the digital transformation of the payments ecosystem for consumers and businesses alike.”