Volante Technologies announced that Bank Leumi (UK) has selected VolPay Open Banking to implement PSD2 compliance and enable open banking business models. Volante is a global provider of software for accelerated end-to-end payments processing and financial message integration.
Bank Leumi (UK) is a specialist and relationship bank based in the UK. By choosing Volante’s Open Banking PSD2 solution, the bank is able to rapidly meet its PSD2 regulatory requirements and provide customer services through new open banking channels.
VolPay Open Banking’s scalable micro services-based architecture helps banks to rapidly integrate their back office servicing applications, including payment engines and core banking account holding systems, with the front end API management layer, that provides the secure managed access to the bank’s environment via defined APIs.
Dhavarajh Frank, COO at Bank Leumi, said in a statement: “We looked for a solution that would enable PSD2 compliance quickly without having to make considerable changes to our systems.”