HCLTech and Volante Technologies, a top global provider of cloud payments and financial messaging solutions, announced their strategic partnership. In order to help financial institutions stay up with the quick-moving digital disruption occurring throughout the industry, the firms will jointly push payments modernization.
HCLTech will integrate Volante's cloud-native payment solutions and low-code finance platform with its engineering and digital services expertise. As a result, financial institutions will be able to easily implement solutions for real-time gross settlement (RTGS) payments, instant payments, and a variety of low- and high-value domestic and international payment methods. Additionally, the companies will collaborate on innovations to make their common vision of payments accessible to a wider variety of clients and financial services companies.
To support the setup, customisation, integration, and implementation of Volante's ecosystem of business services for payments modernization, the firms will jointly establish centres of excellence in India and Romania. During the next three years, both institutions are dedicated to expanding this multi-regional team of specialists.
"Our partnership with Volante will help our clients operate in a stable, scalable and flexible payment ecosystem and develop faster time-to-market capabilities," said Srinivasan Seshadri, Chief Growth Officer, and Global Head of Financial Services, HCLTech. "With HCLTech's decades of systems implementation expertise within payments and the banking industry as well as deep cloud technology experience, HCLTech and Volante will enable tremendous impact in the areas of payments-as-a-service for financial institutions and help banks modernize their payments infrastructure."
"HCLTech's energy and collaborative style stood out immediately as we began this partnership," said Jim Chow, Vice President, Partnerships and Business Development, Volante Technologies. "They have been an invaluable partner for Volante on the implementation and product side. Together with HCLTech, we will scale our ability to help banks modernize and drive innovative payments solutions."
"The joint centers of excellence will help us expand our international footprint faster and give us access to additional regional resources," said Deepak Gupta, Senior Vice President & Global Head, Payments as a Service and Strategic Partnerships, Volante Technologies. By adding these regional capabilities, we will proactively apply local know-how and engineering capabilities as our clients continue their payments modernization journey."
With some of the biggest banks in the world, HCLTech and Volante Technologies are presently collaborating on several implementation engagements.
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