Sibos 2026: Volante Technologies' Anoop Basavarajaiah on payment modernisation

Quick Summary

The challenge of modernisation in banking often comes down to how quickly institutions can serve their customers and access critical data. Anoop Basavarajaiah of Volante Technologies explains at Sibos 2026 how banks across all tiers are moving away from the complexity of legacy vendors to adopt more agile, modernised payment platforms.

What are the primary challenges banks face with payment modernisation?

Regardless of whether a bank is tier one, two, or three, the core pain point remains the same: the ability to enable and serve corporate, retail, and commercial customers more effectively. Anoop Basavarajaiah notes that banks often struggle with:

• Accessing and providing data to clients without lengthy, complicated processes.
• Finding innovative ways to offer payments.
• Processing payments efficiently while adopting emerging rails.
• Centralising data to provide a more efficient service.

Why are banks moving away from traditional legacy vendors?

Many financial institutions are tired of dealing with larger, legacy organisations because the processes are often overly complicated. These vendors frequently build new solutions on top of old ones, creating a piled up architecture that is difficult to manage. Anoop Basavarajaiah explains that Volante Technologies occupies a middle ground, offering a modernised platform with white glove service. This approach provides banks with direct access to support while ensuring the platform allows them to be self-sufficient rather than being entirely dependent on the vendor for every service.

How is Volante Technologies approaching the implementation of new rails?

The mindset within banks has shifted from simply understanding the need for modernisation to actively defining sophisticated use cases. Anoop Basavarajaiah highlights two specific examples of how Volante Technologies is delivering results:

• Innovative Rails: For new technologies like digitalised tokens or digitalised deposits, the company has achieved implementation timelines as short as three months.
• Legacy Replacement: When replacing complex existing rails such as ACH, the company uses a strategic, piece by piece approach rather than a total rip and replace. This method typically takes between nine and eleven months to complete.

FF NEWS TAKE:

The conversation around digital transformation has matured significantly, with banks no longer needing to be convinced of the value of modernisation. As Anoop Basavarajaiah points out, the focus has shifted to execution and the speed at which new rails can be integrated. By offering a path that avoids the pitfalls of legacy vendor bloat while providing the agility of a modern platform, technology providers are enabling banks to move from theoretical use cases to live implementations in record time.