BNY Mellon and Poste Italiane Increase Investment in Volante Technologies to Drive Payments Innovation

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NEW YORK, February 24, 2022 /PRNewswire/ — Volanté Technologiesthe global leader in cloud-based payments and financial messaging, today announced that it has received additional growth funding from BNY Mellon and Italian post. With this investment, both banks solidify their commitment to payments modernization and affirm the key role Volante plays in the evolution of payments.

“We are focused on digitizing payments. With Volante, we plan to accelerate this journey to bring the most innovative solutions to our customers,” said Saket Sharma, Director of Strategy and Digital, Treasury Services, BNY Mellon. “Our investment in Volante reflects the deep commitment we have made to our next-generation payment strategy and the incredible partners who will help us achieve this goal.”

By partnering with Volante, Italian post was able to enhance its payments modernization program, including its open banking platform, enabling SEPA instant payments and providing a new gateway to traditional interbank networks. The company will continue its journey of working with Volante as an investor and customer.

The additional investment will allow Volante to deepen its collaboration with its existing customers and expand the scope of its ecosystem partnerships. Volante will also expand its roadmap with new cloud-based payment-as-a-service (PaaS) offerings. More so, it will accelerate time to market for new payment modernization and digital transformation solutions based on its low-code platform capabilities.

“Our payments technology helps banks modernize, enabling them to adapt and evolve in an increasingly real-time, cloud-centric world, so they can serve an ever-widening range of customers Expand our collaboration with BNY Mellon and Italian post is another milestone on this journey,” said Vijay OddirajuCEO, Volante Technologies.

2021 has been a pivotal year for Volante. The company entered the prestigious IDC Fintech 100 for the first time and has won numerous global and regional awards, including recognition by IBS Intelligence as the world’s leading wholesale payment system vendor. To top off the year, Volante was Recognized by Omdia as a Recommended Payments Leader through a combination of true innovation and service delivery that has enabled the company to deliver significant payment efficiencies to institutions large and small.

“Building on our success from last year, 2022 is already on track to be our best year yet,” Oddiraju concluded. “Together with our customers, partners and investors, we will continue to set the bar high for excellence, a bar that improves the entire industry and serves the wider community.”

About Volante Technologies

Volante Technologies is the world’s leading provider of cloud-based payment and financial messaging solutions to accelerate digital transformation. We serve as a trusted partner to more than 100 banks, financial institutions, market infrastructures, clearing houses and corporate treasuries in 35 countries. Our solutions and services process millions of transactions and trillions of value every day, powering four of the top five corporate banks, 40% of all US commercial bank deposits, and 70% of global card traffic. As a result, our customers can stay ahead of emerging trends, become more competitive, deliver superior customer experiences, and grow their businesses through rapid innovation. To learn more, visit www.volantetech.com. follow us on linkedin.com/company/volante-technologies and twitter.com/volantetech.

SOURCEVolante Technologies, Inc.

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