Arion Bank Strengthens Compliance With Volante Technologies’ Payments as a Service
Volante Technologies, the global leader in Payments as a Service (PaaS), announced a strategic partnership with Iceland’s leading financial institution, Arion Bank, to modernise and future-proof the bank's payments infrastructure, solidify its regulatory response, and prepare for an increase in transaction volume as part of its growth plan.
Arion Bank is one of Iceland's leading financial institutions and the third-largest bank in the country by assets. It offers a wide range of services in retail, corporate, and investment banking, providing smart and reliable financial solutions to individuals and businesses alike.
The bank sought to evolve its current payments hub by adopting a modern, API-driven, and scalable solution designed to support multi-rail processing and seamless integration with the emerging payments ecosystem. By partnering with Volante Technologies, Arion Bank will ensure compliance with the Digital Operational Resilience Act (DORA) and be prepared for the upcoming CBPR+ deadline of November 2025. The new platform will also enable readiness for SEPA Instant Payments (SEPA IP), expected to launch across the region in 2026/27, aligning with the bank’s broader strategy for innovation and future-proofing its payments infrastructure.
"We needed a partner who could provide both the technology and guidance to help us navigate the complexities of evolving regulatory standards,” said Björn Björnsson, CIO at Arion Bank. “Volante is a strong fit for our strategic objectives. As the partnership progresses, Arion Bank will explore additional ways to leverage Volante’s innovative technology stack. The modular, component-based design of Volante’s PaaS allows Arion Bank to implement and scale new products and services at their own pace, enabling agility to adapt to future market demands. Given Iceland’s market size, this presents a significant competitive advantage.”
“We are delighted to partner with Arion Bank, a leader in Iceland’s banking sector,” said Deepak Gupta, EVP Product, Engineering & Services at Volante Technologies. “From the beginning, it was evident that Arion Bank understood the value we deliver beyond our cloud payments technology. We will continue to serve the organisation as a trusted partner throughout its modernisation journey, ensuring the team can meet its strategic business goals, including strengthening its compliance response and preserving its ability to adapt to change quickly.”
To learn more about Volante Technologies Payments as a Service, please visit [https://www.volantetech.com/payments-as-a-service/]. For more information on Volante ISO 20022 Service, please visit [https://www.volantetech.com/news/volante-technologies-launches-service-to-accelerate-iso-20022-payments-modernization/].
About Volante Technologies
Volante Technologies is the trusted cloud payments modernisation partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Real-time native, API enabled, and ISO 20022 fluent, Volante's Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily. Volante’s customers include four of the top five global corporate banks, seven of the top ten U.S. banks, and two of the world’s largest card networks. Learn more at www.volantetech.com and linkedin.com/company/volante-technologies.
Arion Bank
Arion Bank is a leading Icelandic bank offering universal financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250515728189/en/
Contacts
On behalf of Volante Technologies:
EMEA
Assyria Graves
Hard Numbers
Tel: +44 7507 870214
VolanteTech@hardnumbers.co.uk
Americas
Julian Byrne
anthonyBarnum
Public Relations
Tel. +1 (512) 665-9258
pr@volantetech.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Aksia Welcomes Sebastiaan van den Berg, Christopher Schelling, and Benjamin Parks15.5.2025 17:00:00 EEST | Press release
Aksia is pleased to announce the addition of three distinguished professionals to our team: Sebastiaan van den Berg, Christopher Schelling, and Benjamin Parks. Their extensive experience and expertise will further strengthen Aksia's capabilities and commitment to delivering exceptional service to our clients. Sebastiaan van den Berg joins Aksia as a Partner on the Private Equity team. Sebastiaan will work closely with Aksia’s Pan-Alts and Private Equity teams to support the Firm’s EMEA clients’ Private Equity programs. With over 25 years of experience in global private equity, Sebastiaan brings a wealth of knowledge in portfolio management, investment underwriting, deal sourcing, and the private equity ecosystem. Most recently, Sebastiaan served as Partner, Co-Head GP Equity Solutions at Astorg. Christopher Schelling joins Aksia as a Managing Director on the Pan-Alts team. Chris will be working with Aksia’s data, risk and asset class teams on research projects that benefit Aksia’s clie
Boomi Acquires Thru, Inc., Strengthening Secure Managed File Transfer (MFT) and Advancing Context-Aware Integration15.5.2025 16:00:00 EEST | Press release
Boomi™, the leader in AI-driven automation, today announced a definitive agreement to acquire Thru, Inc., a provider of enterprise-grade Managed File Transfer solutions and trusted Boomi partner. The acquisition marks a strategic expansion of Boomi’s file-based integration capabilities, all within a single, cloud-native platform that seamlessly manages data movement across APIs, applications, and files. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515314260/en/ Boomi Acquires Thru, Inc., Strengthening Secure Managed File Transfer (MFT) and Advancing Context-Aware Integration “As organizations increasingly manage a hybrid mix of API-based and file-based integrations, Thru, Inc.’s proven MFT technology ensures secure, scalable, and compliant file exchange across distributed business ecosystems,” said Greg Wolfe, Chief Commercial Officer at Boomi. “The addition of these capabilities further strengthens Boomi’s ability to d
New York Mobile Becomes First U.S. MVNO to Launch on Telness Tech’s Seamless OS15.5.2025 16:00:00 EEST | Press release
New York Mobile is the first U.S. mobile virtual network operator (MVNO) to launch using Telness Tech’s newly launched Seamless OS platform. This deployment enables NY Mobile to deliver a next-generation wireless service, on T-Mobile’s largest and fastest 5G network. NY Mobile will be able to offer unprecedented features and flexibility for its customers including a vanity phone number marketplace and create-your-own-plan options. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515669016/en/ from the left; Jonas Cedenwing (Founder & CTO Telness Tech) Giovanni Perone, Co-Founder & CEO at New York Mobile. Location; One World Trade Center (NY Mobile HQ). Photo taken by Sebastian Stecki. Customers can search and claim personalized phone numbers (including exclusive, previously exhausted area codes, creative number patterns, and words) through New York Mobile’s one-of-a-kind vanity number search engine and marketplace. This mak
Rubicon Carbon Enters into Agreement with Microsoft for Nature-based Carbon Removal Credits15.5.2025 15:00:00 EEST | Press release
Rubicon Carbon, a leading carbon credit management firm, today entered into a framework agreement with Microsoft to facilitate the purchase of 18 million tonnes of high-quality carbon removal credits – one of the largest single-buyer commitments of its kind in the world. Each carbon removal transaction under this deal will be structured as 15- to 20-year offtakes, supporting a pipeline of individual Afforestation, Reforestation, and Revegetation (ARR) projects worldwide. A defining feature of this framework agreement is the scale of Microsoft’s work in this space. By anchoring long-term offtake agreements, this deal demonstrates the growing role of corporate buyers in unlocking private investment for high-integrity carbon projects that might otherwise lack funding. “Addressing climate change requires more than good intentions—it requires capital deployment at scale,” said Tom Montag, CEO of Rubicon Carbon. “This collaboration serves as a blueprint for how the financial sector can meet
Advanced Technologies Enable Reuse of 18.1 Billion Cubic Meters of Water15.5.2025 15:00:00 EEST | Press release
Utilities and businesses around the world have reused 18.1 billion cubic meters of water since 2019, enabled by solutions from global water technology leader Xylem (NYSE: XYL), the Company revealed in its most recent Sustainability Report. That volume is enough to meet the annual water needs of more than 350 million people, based on global use estimates.1 Reuse is just one part of a broader effort to increase global water security – alongside the implementation of advanced treatment and digital technologies. Water managers are using the innovations to protect water sources, remove contaminants, reduce emissions, and make water infrastructure more resilient. “Our customers are tackling the world’s toughest water challenges,” said Matthew Pine, Xylem President and Chief Executive Officer. “Their results show the impact of scaling proven technology solutions to strengthen water systems. The work they do empowers businesses and communities to become more water-secure.” In 2019, Xylem launc
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom