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Open Vector and Volante partner for open banking

First Published 15th November 2017

Partnership creates an end-to-end service for the global banking industry looking to adopt open banking policies and structures

Volante Technologies, a provider of software for the integration, processing and orchestration of payments and financial messages on premise or as a cloud service, has announced its partnership with Open Vector, an advisory firm specialising in providing open banking consultancy services.

Volante's VolPay Channel: Open Banking solution enables banks to integrate their back office servicing applications, including payment engines and core banking applications, with the front-end API management layer that provides managed access to the bank's environment via defined APIs.

The integration that VolPay Channel: Open Banking provides includes the management and orchestration of the potentially complex two-way communication between the API layer and the banking systems environment.