Volante Technologies has been selected by BT to provide its suite of financial integration and processing software to members of the BT Radianz Cloud community.
A secure networked financial service community, BT Radianz Cloud members include brokers, institutions, exchanges and clearing and settlement houses, which gain access to various applications.
The pairing with Volante intends to help the BT’s global financial markets customers to improve the reliability of clearing, settlement and payment transaction processing.
Tools and applications include Volante Designer and the VolPay products, designed to simplify payments processes and to translate financial messages between different standards. Volante allows clients to cut costs and reduce the risk of errors, while communicating more effectively with those using different messaging formats.
Volante software also complements BT’s Radianz Messaging, an end-to-end financial messaging platform for confidential and authenticated information exchange.
Vijay Oddiraju, CEO of Volante Technologies, said: “The combination of Volante Technologies’s software and BT Radianz Messaging services will help firms deal with the diverse, complex and ever-expanding mass of data message formats, standards and protocols generated throughout the life-cycle of every financial transaction.”
“This helps to keep customers abreast of developments in the market and removes the burden of updating systems.”
Ashish Gupta, president of UK corporate and global banking and financial markets at BT Global Services, added: “Now, our Radianz Cloud community members can conveniently access Volante Technologies’ software within the same managed, reliable and secure cloud environment as their other mission critical applications and data.”
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