Latest news with #ArionBank
Yahoo
15-05-2025
- Business
- Yahoo
Arion Bank Strengthens Compliance With Volante Technologies' Payments as a Service
Iceland's leading bank strengthens its modern payments infrastructure and partners with Volante to support long-term innovation and growth LONDON, May 15, 2025--(BUSINESS WIRE)--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 [ For more information on Volante ISO 20022 Service, please visit [ 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 and 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 Contacts On behalf of Volante Technologies:EMEA Assyria GravesHard NumbersTel: +44 7507 870214VolanteTech@ Americas Julian ByrneanthonyBarnumPublic RelationsTel. +1 (512) 665-9258pr@
Business Wire
15-05-2025
- Business
- Business Wire
Arion Bank Strengthens Compliance With Volante Technologies' Payments as a Service
LONDON--(BUSINESS WIRE)-- 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 [ ]. For more information on Volante ISO 20022 Service, please visit [ ]. 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 and 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.
Business Upturn
02-05-2025
- Business
- Business Upturn
Update on Market Making Arrangements
By GlobeNewswire Published on May 3, 2025, 01:06 IST Reykjavík, May 02, 2025 (GLOBE NEWSWIRE) — ('Amaroq' or the 'Company' or the 'Corporation') Update on Market Making Arrangements TORONTO, ONTARIO – May 02, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic mineral assets in Southern Greenland, announces that it has signed an amendment to its existing market making agreement with Arion Bank hf. , originally dated January 24, 2025. The amendment introduces a two-part structure for daily bid and ask quotes, requiring Arion Bank to submit quotes for a minimum of 50,000 Depository Receipts. Under the updated terms: For 45,000 Depository Receipts (' Part A'), the bid-ask spread is determined with reference to the tick size table as current at any given time, so that the spread will be as close as possible to 1.50%, but never less than 1.45%. Part A'), the bid-ask spread is determined with reference to the tick size table as current at any given time, so that the spread will be as close as possible to 1.50%, but never less than 1.45%. The bid-ask spread for 5,000 Depository Receipts ('Part B') shall be determined with reference to the tick size table of the Trading Venue as current at any given time, so that the spread will never be higher than 1.50%. Arion Bank shall be permitted to submit bids and asks in both Part A and Part B with a lower spread than stated above, for example due to conditions created by the tick size table. If the price change of the Depository Receipts within a single trading day exceeds 5%, Arion Bank is permitted to double the aforementioned spread, and if the price change per share exceeds 10%, Arion Bank is permitted to triple the aforementioned spread. Arion Bank is not obligated to submit new quotes until quotes in both Part A and Part B has been accepted or cancelled by Arion Bank in full. All other provisions of the market making agreement remain unchanged. The original press release can be found at: The Company also announces that its market making agreement with Fossar fjárfestingabanki hf. (ID no. 660907-2050), dated October 5, 2023, has been terminated effective May 7, 2025. Enquiries: Amaroq Minerals Olafsson, Executive Director and CEO [email protected] Ed Westropp, Head of BD and Corporate Affairs +44 (0)7385755711 [email protected] Eddie Wyvill, Corporate Development+44 (0)7713 126727 [email protected] Panmure Liberum Limited (Nominated Adviser and Corporate Broker)Scott MathiesonNikhil Varghese +44 (0) 20 7886 2500 Canaccord Genuity Limited (Corporate Broker)James AsensioHarry Rees Tel: +44 (0) 20 7523 8000 Camarco (Financial PR)Billy CleggElfie KentFergus Young +44 (0) 20 3757 4980 For Corporation updates:Follow @Amaroq_Minerals on X (Formerly known as Twitter) Follow Amaroq Minerals Ltd. on LinkedIn Further Information: About Amaroq Minerals Amaroq's principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company's principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq Minerals is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Inside Information This announcement does not contain inside information. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
