Volante Technologies announced that FIMBank Malta has signed as the first customer for its newly launched cloud-based VolPay-as-a-Service offering. Volante will provide FIMBank with a managed service for processing SEPA payments in the cloud. By using Microsoft’s experience in cloud technology, Volante says it can now offer the most advanced payments capabilities as a resilient, scalable and highly secure service.
FIMBank provides trade finance, factoring and forfaiting solutions, as well as accelerated receivables for exporters and extended credit for importers, and it describes itself as a bank at the “forefront of introducing and developing innovative receivable finance techniques in emerging markets”.
Vijay Oddiraju, CEO, Volante Technologies, commented, “In the fast changing world of payments, VolPay-as-a-Service on Microsoft Azure ensures that institutions have rapid access to applications to support their payments processing needs without the lengthy implementation and update cycles normally associated with traditional deployment options. This speeds up time to market without compromising on security, resiliency or scalability.”