Volante Technologies, a global leader in the provision of financial messages and data integration, validation and processing software, today announced the release of Volante Designer Version 5.1.
The new version has been designed to accelerate financial institutions’ ability to quickly adopt ever-changing financial message standards, extend their reach into new areas of business opportunity, speed up the on-boarding process and delivers agility to firms looking to remain compliant in the face of regulatory change.
Volante Designer 5.1 includes support for BACS, Faster Payments (FPS), German, Canadian and Australian payments formats, and updates to messages in ISO 20022 and its derivatives and SWIFT Trade Finance MT798 templates in addition to support for SWIFT standards 2015.
Major user interface improvements include intuitive visual mapping functions and enhanced Extract, Transform and Load (ETL) functionality such as the transformation and caching of bulk data sets. This significantly eases the process of performing specialized tasks on large, fast-moving data sets such as Sort, Join, Filter and De-duplicate.
Version 5.1 now also supports Open Source platforms such as Mule and Spring. The Volante Mule Adapter allows users to invoke Volante flows from Mule and integrate with Mule Studio, which enables users to drag and drop from the Volante palette and configure the flow providing greater transparency into flow performance. Similarly, the Volante Spring Adapter enables users to invoke Volante flows from the Spring Integration framework offering enhanced control for those wishing to integrate Volante with Open Source technologies.
Version 5.1 also sees the introduction of a concrete API that enables users to directly interact with the deployed Java objects without recourse to using the Volante Designer user interface and also greatly enhances built-in test management functionality. These new features support Volante Designer’s position as the one-stop-shop for any financial message or data integration task; from specification through to testing and on to deployment.
Volante Designer encompasses a suite of modular software tools capable of supporting the most complex message and data integration challenges on virtually any platform using any data format. Used by major financial institutions, corporates, exchanges and industry utilities around the world, Volante enables users to rapidly adopt changing message standards and build specific financial data and message integration, validation and processing solutions.
Venkat Malla, VP, Product Management, Volante Technologies, said, “We work closely with our clients to understand their requirements and help shape the direction of our product roadmap. Volante Designer 5.1 provides the functionality our customers need to help them expand their reach within existing areas of business and move into new ones. We are confident that Volante Designer 5.1 will go a long way to satisfying these growing needs as we continue to plan and develop future releases.”
Uday Thakur, Chief Technology Officer, Volante Technologies, added, “Financial institutions continue to be challenged by how best to adopt and align changing message and protocol requirements without having to rip out existing systems and start from scratch. Our model-driven approach to the integration and validation of data, means our customers benefit from reduced costs not ordinarily associated with the adoption of new message standards. This means that they can focus their attention on being competitive and responsive to market and client demands.”