June 8 , 2015
Volante Technologies signs strategic partnership with Access to Arabia
New York, London, Dubai--Volante Technologies, a provider of financial message and data integration, validation, and processing software, has partnered with Access to Arabia (A2A). The initial focus of the partnership is to aid banks in Jordan, many of whom are existing A2A clients, migrate to ISO 20022-based payment messages.
The Central Bank of Jordan has mandated that all banks convert local payments from the existing SWIFT MT based standards to the IS0 20022 standard in 2015. A2A, the provider of middleware and mobile payment solutions for financial institutions across the Middle East, selected components of Volante Technologies’ newly launched payments integration development platform, VolPay Foundation, to be a key part of the message conversion solution for Jordanian banks seeking to migrate to ISO 20022.
Customer’s using the combination of Volante and A2A stand to benefit from the ability to rapidly convert their systems to process the new standard for local Jordanian payments. The first Volante Technologies A2A implementation is currently underway in Jordan.
The time proven Volante Designer technology, which lies at the heart of VolPay Foundation, enables rapid and easy transformation, validation and enrichment of disparate message formats. It achieves this through out-of-the-box message format ‘plug-ins’ and automated code generation. With its comprehensive built-in message libraries it enables customers to remain compliant and insulated from the complexity of current and anticipated changes in message standards. VolPay Foundation will enable A2A customers to benefit from condensed and accelerated local MT– local ISO 20022 message transformation and migration timeframes and quickly meet the imposed deadline.