Shantel
Key Takeaways:
- Volante Technologies, a global leader in cloud payments modernization, celebrates its first-place ranking in the 2023 IBS Intelligence Sales League Table for wholesale banking payments.
- The company’s exceptional performance includes securing 43% of the entire wholesale banking payments market, outperforming all competitors and setting an industry record.
- Volante’s cloud-native payments platform empowers financial institutions and payment service providers to streamline their payment lifecycle, increase speed to market, and accelerate innovation.
- By harnessing the power of Volante’s cloud-based solutions and low-code platform, customers gain unparalleled agility and the ability to deliver secure, scalable, and feature-rich services.
About Volante Technologies
In the fast-paced world of financial technology, one company stands out as a pioneer in cloud payments modernization—Volante Technologies. With a steadfast commitment to innovation and customer-centric solutions, Volante has earned the trust of financial businesses worldwide. By providing cloud payments as a service and a powerful low-code platform, Volante empowers its customers to evolve, innovate, and grow at unprecedented speeds.
Reigning Supreme in Wholesale Payments Sales
Volante Technologies has once again claimed the top position in the 2023 IBS Intelligence (IBSi) Sales League Table (SLT) for wholesale banking payments. This remarkable achievement marks the third consecutive year that Volante has secured the leading spot, reaffirming its unparalleled market dominance.
The company’s impressive performance can be attributed to its success in achieving the highest number of new wholesale payments product sales across various regions and customer segments. In 2022 alone, Volante accounted for a staggering 43% of all new provider sales, surpassing the combined sales of its closest competitors.
As a testament to its unwavering commitment to excellence, Volante has maintained its place in the exclusive IBS Intelligence Sales League Leadership Club for the fourth consecutive year. This exclusive group is reserved for the most highly ranked providers in the industry.
A Resounding Market Dominance
Volante Technologies’ prowess in wholesale payments extends beyond its annual achievements. When analyzing the market share for new deals between 2020 and 2022, Volante’s market dominance becomes even more apparent. Over the three-year period, Volante secured an impressive 40% market share, representing 59 out of a total of 149 wholesale payments sales. In contrast, the closest competitor managed to capture a 27% market share, with the remainder distributed among multiple third-tier providers.
The IBS Intelligence Sales League Table is a trusted benchmark for banks to assess supplier performance in various engagements conducted worldwide. With its authoritative analysis, IBSi serves as a reliable guide for the financial industry, providing valuable insights to key stakeholders.
Nikhil Gokhale, Head of Research Platforms at IBS Intelligence, congratulated Volante for its remarkable achievement: “I congratulate Volante for their leading position in the Wholesale Payment Systems category of SLT 2023. They have been #1 in this category for three years in a row. Volante’s comprehensive cloud payments platform caters to the diverse needs of financial institutions and payment service providers, enabling them to streamline their entire payment lifecycle efficiently, increase speed to market, and accelerate innovation.”
Empowering Financial Institutions with Cloud-Native Solutions
Vijay Oddiraju, the visionary CEO of Volante Technologies, expressed his gratitude to the IBSi team for the prestigious award: “I thank the IBSi team for awarding Volante first place in the esteemed IBS Intelligence Sales League global rankings for wholesale payments three years in a row. This feat is a testament to the exceptional talent of our teams worldwide and our unwavering commitment to building trusted partnerships with our customers.”
Oddiraju continued, highlighting the transformative impact of Volante’s solutions: “By harnessing the capabilities of our cloud-native payments as a service solutions, coupled with our proven low-code platform, our customers unlock a new level of agility and speed to navigate the ever-evolving payments landscape. Through collaborative innovation with Volante, they gain the ability to deliver secure, scalable, and feature-rich services that would otherwise take years to develop. This positions our customers at the forefront of their industry, empowering them to maximize value for their own clients.”
A Look into the Future
With its cutting-edge solutions and a customer-centric approach, Volante Technologies is set to continue leading the cloud payments modernization revolution. As the financial landscape evolves, Volante’s agile and scalable solutions will empower financial institutions and payment service providers to meet the dynamic needs of the market.
As a trusted partner to its global clientele, Volante Technologies is committed to propelling the financial industry forward, enabling businesses to thrive in a rapidly changing world. The company’s cloud payments platform serves as a catalyst for innovation and growth, empowering its customers to achieve unparalleled success.
As Volante Technologies maintains its position at the forefront of the industry, the financial landscape can look forward to a future of seamless, secure, and innovative payments solutions, setting the stage for a new era of digital financial services.
To learn more about Volante Technologies and its groundbreaking cloud payments modernization solutions, please visit www.volantetech.com and linkedin.com/company/volante-technologies.
