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BNY Mellon and Poste Italiane increase investment in Volante Technologies

By Edlyn Cardoza

February 25, 2022

  • Bny Mellon
  • Cloud Payments
  • Digital Transformation

BNY Mellon, USA, Marco Polo NetworkVolante Technologies, the global leader in cloud payments and financial messaging, recently announced it received additional growth funding from BNY Mellon and Poste Italiane. With this investment, both banks are solidifying their commitment to payments modernization and affirming the key role Volante plays in the evolution of payments.

“We are laser-focused on digitizing payments. Together with Volante, we plan to accelerate that journey to bring the most innovative solutions to our clients,” said Saket Sharma, Chief Strategy and Digital Officer, Treasury Services, BNY Mellon. “Our investment in Volante reflects the deep commitment we’ve made to our next generation payments strategy and the amazing partners who will help us achieve that goal.”

By partnering with Volante, Poste Italiane enhanced 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 collaboration journey with Volante as an investor and a customer.

The additional investment will enable Volante to deepen collaboration with existing clients and increase the breadth of its ecosystem partnerships. Volante will also expand its roadmap with new cloud Payments as a Service (PaaS) offerings. More so, it will speed up the time to market for novel payments modernization and digital transformation solutions based on its low-code platform capabilities.

“Our payments technology helps banks modernize, freeing them to adapt and evolve in an increasingly real-time, cloud-driven world, so that they can serve an ever-wider range of customers. Expanding our collaboration with BNY Mellon and Poste Italiane is another important step in this journey,” said Vijay Oddiraju, CEO, Volante Technologies.

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

Recently, IBS Intelligence reported that Volante Technologies had announced that FIMBank, a leading provider of trade finance, factoring and forfeiting solutions, will extend their relationship with Volante by deploying additional payment rails and components from the Volante Payments as a Service (PaaS) cloud-native payments processing platform.

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