Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments

Azqore Partners with Volante Technologies for SEPA Instant Payments: Key Points

1. Partnership Announcement:
   • Azqore, an IT and banking operations provider, has selected Volante Technologies to deliver SEPA instant payments and ISO 20022 messaging services.
2. Integration Details:
   • Azqore will integrate Volante’s Payments-as-a-Service (PaaS) into its core banking infrastructure.
   • The solution is cloud-native and API-driven, enabling real-time payment processing with transaction confirmation in under 10 seconds.
3. Compliance and Standards:
   • The integration ensures compliance with the European Commission’s SEPA instant payments mandate.
   • Volante’s PaaS also supports ISO 20022, a global standard for financial messaging, enhancing data quality and interoperability.
4. Previous Collaborations:
   • Azqore previously selected Volante’s low-code ISO 20022 service in 2022.
5. Customer and Regulatory Benefits:
   • Belhassen Belkhechine, Azqore’s payments and operations product manager, highlighted the ability to bring new services to market faster.
   • The SEPA mandate requires Eurozone service providers to receive instant payments by December and send instant payments a year later.
6. Market Competitiveness:
   • Anders Ohrneman, head of IT post-trade and operations at Azqore, emphasized the need for financial institutions to stay competitive amidst increasing regulatory changes.
7. Company Background:
   • Azqore is a subsidiary of Indosuez Wealth Management, the wealth management arm of the Crédit Agricole Group.
   • Azqore operates the S2i platform, supporting various banking functions including front office, client and post-trade, retail, corporate, and investment banking.