ICD selects Volante Designer to facilitate integration and transformation of SWIFT transactions, payments and reports
NEW YORK, LONDON, DUBAI, MEXICO CITY, 24 March 2014 – Volante Technologies, a global leader in the provision of financial data integration tools, today announced the addition of its latest payments customer, Institutional Cash Distributors Technology, LLC, the technology arm of ICD.
ICD is a world leader in the provision of institutional investment and risk management tools. ICD recognized the complexity of the challenge to integrate multiple different financial message types and selected Volante Designer to ease mapping and message integration and enhance their ability to process SWIFT messages.
ICD’s selection of Volante Designer was driven by the firm’s need to process and transform multiple different data formats using a suite of technology tools that integrated seamlessly with their existing development foundation. Using Volante Designer, ICD has been able to increase their messaging capabilities, improve their straight-through-processing rates and has enabled stronger foundations for future growth.
One of Volante’s SWIFT Service Provider partners worked closely with ICD throughout the implementation process providing insight and knowledge into ICD’s internal processes to ensure that all ICD’s immediate and foreseeable needs were met.
Volante Technologies offers easy-to-use, fast and innovative data-transformation tools. Clients use Volante’s products for SWIFT and other messaging standards as well as for the adaptation of their own internal data formats for integration with back-end applications. Volante’s solutions can easily meet new requirements brought about by changing regulation; an on-going and ever-evolving challenge for financial services firms. Volante solutions are both scalable and efficient, enabling businesses to focus on growth rather than the efforts and costs associated with messaging transformation and integration.
Volante Designer is used by major financial institutions, exchanges and industry utilities around the world and allows users to build data integration solutions that handle incoming trade data or financial messages, as well as internal data flow.
Mark Heyner, CTO, ICD, stated, “The capabilities of Volante Designer were clear when it was first demonstrated to ICD. Volante offers a well-designed and versatile integration mapping tool that helps us handle complex data integration and maintenance challenges. Furthermore, the Volante solution is an excellent fit for our current and future architecture strategy and development methodology. We are confident that Volante, together with our SWIFT Service Provider partner, will provide a solid business and technology foundation for us in the long term.”
Vijay Oddiraju, CEO, Volante Technologies, said, “We help our customers quickly and efficiently solve their payments and business challenges by providing appropriate technology. Our solutions bring together simplicity, functionality and speed; offerings which we believe are un-matched by other data integration technology providers. ICD required only a single training session to be completely independent from us, and they now benefit from the ability to rapidly develop their own solutions quickly to meet their ever-changing business challenges. We are delighted to welcome ICD to our growing customer base.”
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Media Contact: On behalf of Volante Holly Finn Lindsay Clarke Streets Consulting Tel: +44 (0)20 7959 2235 Holly.Finn@Streetsconsulting.com Lindsay.clarke@streetsconsulting.com
Media Contact: On behalf of ICD Debby Barri ICD debby.barri@icdportal.com Tel: +1 424 206 2402
About Volante Technologies
Founded in 2001, Volante Technologies is a global leader in the provision of innovative financial data integration.
Volante is dedicated to enabling clients navigate and manage the diverse, complex and constantly growing range of message formats, standards and protocol challenges encountered throughout the lifecycle of any financial transaction. Volante delivers and maintains comprehensive pre-built plug-ins for over seventy international and domestic standards such as SWIFT MT and MX, FIX, FpML, EDIFACT, ISO 20022, and SEPA, as well as proprietary formats based on XML, CSV and Fixed Width.
Volante’s innovative development environment simplifies the management of message complexity, so firms can improve their straight-through-processing (STP) rates and take full advantage of their commercial opportunities. Development times are reduced by 60-80%, delivering rapid returns on investment (ROI) as well as increased operational efficiency for a lower total cost of ownership (TCO).
Supported by offices in New York, London, Dubai, Mexico City and Chennai, Volante solutions are employed by an extremely diverse set of organizations, including buy-side and sell-side capital market institutions, banks (Universal, Commercial and Retail), corporate treasuries, financial industry utilities, clearing houses, exchanges, systems integrators and application vendors. For more information, visit www.volantetech.com.
About Institutional Cash Distributors (ICD)
ICD is the world’s leading institutional investment and risk management company. ICD’s next-generation Software-as-a-Service portal, best practices methodologies and award-winning Transparency Plus® exposure analytics, support corporate treasury with end-to-end solutions. The ICD Global Trade Desk™ provides expert service out of San Francisco, London and Boston. ICD develops its own proprietary technologies through Institutional Cash Distributors Technology LLC in Golden, Colorado. Institutional Cash Distributors LLC is a FINRA/SIPC member. Institutional Cash Distributors Ltd is authorized and regulated by the Financial Conduct Authority in the United Kingdom. For more information, visit http://www.icdportal.com or emailinfo@icdportal.com.
For more information, visit http://www.icdportal.com or email