In collaboration with Ripple, Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages and payments, has announced it has created a solution specifically designed to accelerate the process of integrating with Ripple – the global provider of distributed financial technology solutions offering real-time settlement of cross border payments.
"Ripple continues to gain traction in the payments world and banks are looking for solutions to quickly and easily integrate to this new distributed ledger based multi-currency settlement solution. Volante's market leading integration technology is ideally suited to meet the challenge of integrating a bank's payment systems to the Ripple network. Our aim has been to make integration with Ripple, a plug and play process”, said Neil Clarke, Market Engagement Director, Volante Technologies.
The company demonstrated Ripple-readiness as a feature of the VolPay Hub product at SIBOS 2015. Building on this capability and following close engagement with Ripple, Volante has developed a highly flexible integration solution wholly designed to simplify the connectivity to Ripple.
Volante's new Ripple integration solution is the latest component added to Volante's VolPay suite and offers the same functionality across any bank, treasury or payment platform. It has been created to ease integration for banks who are current or prospective Ripple customers. The solution encompasses the necessary workflow, message transformation, and payment orchestration requirements to allow banks a considerably simpler method of integrating with Ripple's payment network, both on the sending and receiving side, with minimal if any changes to their existing payment systems.
"The combination of Volante and Ripple greatly simplifies banks' integration with Ripple distributed financial technologies. We view Volante as a critical partner for building Ripple's new real-time, data-rich payments network”, said Steve Mollenkamp, Head of Channel Sales, Ripple.
Founded in 2001, Volante has enabled financial institutions and corporates to accelerate their connectivity to a wide range of clearing and settlement mechanisms. Its software suite includes an ever growing and maintained library of plugins and transformations for over 330 international and domestic standards and bidirectional and customisable transformations, to enable fast and efficient integration with a vast range of payment flows.
