Volante Technologies Launches Accelerator for Bank Integration to Ripple’s Distributed Financial Technology

Volante Technologies Inc., a global leader in the provision of software for the integration, processing, and orchestration of financial messages and payments, today announced the creation of a solution created to accelerate the process of integrating with Ripple, the global provider of distributed financial technology solutions rendering real-time settlement of cross-border payments.

During the SIBOS 2015, Volante had the opportunity to demonstrate Ripple-readiness as a feature of the VolPay Hub product.

Volante as developed a flexible integration solution completely designed to simplify the connectivity to Ripple.

For over 15 years Volante’s technology worked with financial institutions and corporates to accelerate their connectivity to a wide range of clearing and settlement methods.

This particular software suite includes an extensive and expansive library of plugins and transformations for over 330 international and domestic standards and bidirectional and customizable transformations. This is done to ensure the fast and efficient integration with a vast range of payment flows.

“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 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.

“By introducing this new Ripple integration solution as a component part of VolPay Foundation, we are now offering the agility and simplicity that banks need to integrate their existing payment platform with the Ripple settlement network. The Volante solution will use the bank’s existing payment message standards to communicate with Ripple – Banks will be able to achieve integration without spending the time and effort normally associated with this type of integration work,” commented Nadish Lad, Head of Payments Product, Volante Technologies.