Volante Technologies, a US-based financial data integration tools provider, has partnered with Turkey-based IT firm Payfessional, which will see its VolPay suite of payment integration and processing products delivered to the Turkish banking market.
Payfessional, which focuses on developing and implementing electronic payment processing solutions to businesses across the financial industry, will also market the platform across other regional financial markets.
Volante’s VolPay suite comprises of VolPay Foundation, VolPay Channel, VolPay Hub.
VolPay Foundation is an optimised platform for the development of financial payment message integration, validation and processing. It will help clients in the region to meet both local and international payment flow integration requirements and adopt new or changing payment financial message standards.
VolPay Channel enables financial institutions to on-board corporate payment flows quickly and minimize time to revenue.
VolPay Hub, which supports the take-on, processing and orchestration of new payment flows, allows real time, centralized control and visibility of payments and cash management.
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The suite of products will enable companies to minimize payment integration project costs and timescales while increasing business agility, Volante claims.
Payfessional president Sertaç Ozinal said: "Through our partnership with Volante, our clients will benefit by having access to a time-proven suite of payment products. In initial meetings with our customer base and prospects, we have seen that Volante’s technology addresses a number of headaches they have in regards to payment processing and integration, and specifically with regards to on-boarding corporates and new payment channels."
Volante Technologies EMEA partners director Allan Spalding said: "Istanbul is a young, fast-growing financial hub, and as a result banks might not have the usual challenges of dealing with legacy systems that need updating. However, as we have seen with other financial markets across the globe, firms in the region must still contend with new and ever-changing payment messages, formats and channels.
"By partnering with Payfessional, we will have additional local expertise so in-house teams can reduce project implementation times and bring new services to market quicker. We are delighted to partner with Payfessional and continue to offer Volante’s trusted products, used by some of the largest financial institutions in the world, to an exciting and fast-growing market."