Lombard Odier Selects Volante for Swiss Payments Network Integration

Mar 15, 2011, 08:30 ET from Volante Technologies

NEW YORK, March 15, 2011 /PRNewswire/ -- Volante announced today that Lombard Odier, one of Switzerland's oldest and largest firms of private bankers, has chosen Volante technology for integration of Swiss Interbank Clearing (SIC) network messages. Part of a larger payment automation initiative, the project is projected to go into production late in the second quarter.

"In planning this initiative, we looked for integration technology that would both perform flawlessly in our payments network and insulate our legacy systems from changes," said Sebastien Seymarc, technical architect at Lombard Odier. "Our previous experience with Volante in SWIFT messaging transformations was so positive that it was a natural choice to work with Volante again in this initiative."

Volante is developing a SIC plug-in for the project, which will be used with Volante Composer integration software, providing built-in dictionaries and automated validations for the SIC network.

"We are delighted to be chosen by Lombard Odier for this new initiative," said Vijay Oddiraju, CEO of Volante. "Being selected because of previous good work with SWIFT messaging is very gratifying for us. We are doubly pleased because the project enables us to create a new plug-in for the SIC network. With our new London office servicing the EMEA regions, we are committed to expanding our coverage of domestic payments networks around the world."

About Volante

Since 2001, Volante Technologies has been providing expertise and software solutions for financial data messaging. Volante software tools slash development time and costs, while providing integration and data management solutions for low-latency environments, service oriented architectures, vendor data consolidation, complex event processing, SWIFT message integration and other complex data challenges. Volante's metadata-based technology also enables enterprise data governance and model-driven data initiatives.

Volante technology is employed by top-tier financial institutions around the globe, as well as industry utilities and leading vendors of software and services. For more information, visit www.volantetech.com.

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SOURCE Volante Technologies