Banorte Partners with Volante Technologies For Payments Modernization

Going forward, all related systems, including channels, will connect to Volante’s VolPay to orchestrate and process cross-border transactions. Mexican banks have a strong desire to innovate and differentiate, and are looking to work with providers that can help them move in that direction. Cross-border payments are an area where banks, technology providers, and fintech firms can effectively collaborate to increase industry-wide innovation and broaden the range of business and retail services.

For Banorte, payments modernization is fundamental to its digitalization journey. By unifying all its processes into one cloud-native, microservices-based platform with Volante, the bank will provide its customers with better financial services.

Ricardo Velazquez, Managing Director and Head of International Banking, Trade and International FIs at Banorte, said:

“We’re on an innovation journey and payments are a very important part of this journey. With Volante, every day is an opportunity to make the daily life of our retail and corporate clients more convenient. We will be adding more payment types and releasing more tailored services faster than our competitors. We will also be able to take advantage of initiatives such as banking as a platform, cloud modernization, and distributed ledger technology.”

Luis Melgarejo, VP, Latin America Operations, Volante Technologies, Said:

“Ultimately, Banorte will be able to lay the foundation for a modern ecosystem to spur financial inclusion and digital transformation,”

“In our constant pursuit to help our clients expand their customer base, navigate change and innovate, we’re proud to collaborate with Banorte,” he continued. “Sending payments should be fast, easy and cost-effective. Our goal is to ensure that Banorte continues to be positioned for success in this rapidly evolving market.”