Volante, Finexus partner on Apac real time gross settlement system

Financial services software provider Volante Technologies has been chosen by Malaysia’s Finexus, a digital payment solutions and services provider, to provide the key MT to MX message transformations in complex multi-currency real-time gross settlement (RTGS) system implementations. Their first joint Asia-Pacific (Apac) project, a “significant multi-year implementation at a central bank” is part of a larger, global internationalisation and modernisation process, to build and maintain RTGS and scripless securities settlement systems in the Apac region.

The new system aims to provide the central bank’s customers with a choice of message formats when accessing settlement services. Volante will assist Finexus in enabling its customers to transact without the need for end-users to change their own message standards integration to their internal or source systems.

Using Volante’s core product Volante Designer, Finexus, the central bank and future RTGS customers, will have automatic documentation and access to more than 80 pre-built message maps in compliance with emerging ISO 20022 standards. Volante Designer will also enable Finexus to maintain their own individual, national standards used as part of the central bank’s settlement service, reducing dependence on third party vendors.