Friday, July 11, 2025
30.8 C
London
HomeBankingLakeside Bank selects Volante’s PaaS for RTP processing

Lakeside Bank selects Volante’s PaaS for RTP processing

Date:

UK Chancellor Reverses ISAs Reductions After Public Backlash

A bold move by the Chancellor to protect savers...

Binance Launches Sharia Earn: An Islamic Banking-Aligned Token

Discover how Binance's new offering caters to Islamic financial...

Ageras Expands Portfolio with 8th Acquisition: Payroll Provider Employes

Strategic Move to Enhance Services in the Accounting and...
  • 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.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories