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Volante and Finexus to build new RTGS systems for APAC

First Published 26th September 2016

Volante Technologies and Finexus partner to help build new real-time gross settlement systems for financial institutions across Asia Pacific

New York, London, Dubai and Mexico City - Volante Technologies, a provider of of software for the integration, processing and orchestration of financial messages and payments, today announced it has been chosen by Finexus to provide the key MT to MX message transformations in complex multi-currency Real-time Gross Settlement (RTGS) System implementations. Finexus is a Malaysian-HQ and Asia Pacific region-based digital payment solutions and services provider.

Finexus and Volante's first project in the region is a multi-year implementation at a central bank and is part of an internationalization and modernisation process, to build and maintain Real-time Gross Settlement (RTGS) and Scripless Securities Settlement Systems in the Asia-Pacific region.

Finexus and Volante Technologies will provide MT to MX transformations and provide the central bank's customers with a choice of message formats when accessing settlement services.

Using Volante's core product Volante Designer, Finexus, the central bank and future RTGS customers, will have access to automatic documentation and to more than 80 pre-built message maps in compliance with emerging ISO 20022 standards. Volante Designer will also enable Finexus to maintain their own individual, national standards used as part of the central bank's settlement service, reducing dependence on third party data vendors.