BankingBusinessFinTech

Lakeside Bank selects Volante’s PaaS for RTP processing

  • Lakeside Bank, a $2.64 billion-asset bank based in Lake Charles, Louisiana, has selected Volante Technologies to improve its Swift messaging and real-time payment capabilities.
  • The bank will use Volante’s Payments-as-a-Service (PaaS) platform to offer real-time payment and treasury services through The Clearing House’s RTP system and FedNow, which was launched by the Federal Reserve in July 2023.
  • The integration is expected to benefit Lakeside’s commercial clients by providing immediate fund access, improved cash flow, and reduced settlement risks.
  • Matthew Palmisano, Lakeside’s SVP and director of treasury management, highlighted the solution’s efficiency, especially for clients with high transaction volumes, such as large commodity exchanges.
  • Volante Technologies previously expanded its PaaS to Azqore in July to support SEPA instant payments compliance in Europe.
Previous article
Toss Securities promotes Gyubin Kim to CEO
Next article
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...
FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...