Latest news with #PaaS
Yahoo
15-07-2025
- Business
- Yahoo
Payment Modernisation Is a Priority for 99% of EMEA Banks in the Next Year, Volante Report Reveals
New research from Volante Technologies reveals that replacing legacy systems is an urgent priority among EMEA banks, with institutions committing, on average, nearly $1.5 million to modernisation in the next year LONDON, July 15, 2025--(BUSINESS WIRE)--Volante Technologies, the global leader in Payments as a Service (PaaS), has released the fifth edition of its annual flagship research report, The Big Survey 2025: Modernising Payments. The survey of senior-level banking decision makers from 11 countries across EMEA reveals a near unanimous drive for change: 99% of banks plan to implement a new payments solution—replacing one or more systems—within the year, with over half (52%) aiming to do so in the next six months. Volante found that banks are not only keen to modernise, they are prepared to spend big to future-proof their payments infrastructure. Almost half (49%) of banks surveyed say their budget allocations for payments modernisation have increased over the past 12 months—on average, EMEA banks are planning to spend just under $1.5 million ($1.42 million) on payments modernisation within the next year. Other survey highlights include: Cost efficiency and resilience are top motivators. Nearly one-third (29%) of banks say cost efficiency and operational resilience are the external factors driving modernisation the most, followed by changing customer expectations for real-time payments and competitive pressure from fintechs and neobanks. Vendor selection is a key concern. The biggest concern for banks in modernising payments is choosing the right vendors and tech partners (38%)—above factors like cybersecurity and fraud risks and budget challenges. Banks are still encumbered by legacy systems. Over a quarter of banks (27%) rely on legacy technology for their payments services—either relying on core banking to provide payments, or using a combination of internally built and / or vendor solutions that are 5-10+ years old. The survey also revealed that the majority (58%) of EMEA banks use a hybrid approach to cloud adoption for modernising payments, although a quarter are still exploring cloud options but remain mainly on-premises. However, there is some concern among EMEA banks regarding the process of modernisation. Around a third of banks are concerned about the disruption modernisation may cause, and a similar percentage are worried about the internal skills and knowledge needed to manage the transition. The report notes "the solution to both of these worries is to focus on strategic modernisation: progressing towards modernisation with small, carefully measured steps". It further advises banks that understanding their customers' priorities is important both in setting out their modernisation roadmap and in building a business case for modernisation and ensuring budgets are tactically spent. "The fifth edition of The Big Survey shows banks recognise that modernising payments is crucial to survival in the evolving payments landscape. It's not only market competition and changing customer expectations that are impressing this urgency upon them: 2025 is a pivotal year for regulatory deadlines regarding legislations, such as SEPA Instant Payments and SWIFT ISO 20022," said Vijay Oddiraju, Co-founder and Chief Executive Officer. Oddiraju continued, "The fact that banks are preparing to spend, on average, almost $1.5 million on payments modernisation shows that they understand how important it is to adapt to industry shifts. But the size of such modernisation budgets means banks are, understandably, cautious about their selection of vendors and tech partnerships. For banks, the right partners are ones who will help them modernise their payments while lowering risk, improving ROI, and helping them onboard new clients quickly. PaaS providers who can offer banks such solutions, with technology that is resilient, compliant, and easily extensible, stand to win big as payments enters its next era." Download a copy of the survey, 'The Big Survey 2025: Modernising Payments', here. Notes to editors The survey was conducted by Censuswide in May 2025 on behalf of Volante Technologies. All respondents work in banking roles related to payments, transaction banking, corporate banking and wholesale banking and hold director level or more senior positions with responsibility for selecting payment processing systems. Respondents come from 11 different countries: the UK, Portugal, Spain, Saudi Arabia, UAE, Sweden, Norway, Denmark, Belgium, the Netherlands and Luxembourg. Sample sizes varied across countries. 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 View source version on Contacts On behalf of Volante Technologies: EMEAAssyria GravesHard NumbersTel: +44 7507 870214VolanteTech@ AmericasJulian ByrneanthonyBarnumPublic RelationsTel. +1 (512) 665-9258pr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-07-2025
- Business
- Business Wire
Payment Modernisation Is a Priority for 99% of EMEA Banks in the Next Year, Volante Report Reveals
LONDON--(BUSINESS WIRE)-- Volante Technologies, the global leader in Payments as a Service (PaaS), has released the fifth edition of its annual flagship research report, The Big Survey 2025: Modernising Payments. The survey of senior-level banking decision makers from 11 countries across EMEA reveals a near unanimous drive for change: 99% of banks plan to implement a new payments solution—replacing one or more systems—within the year, with over half (52%) aiming to do so in the next six months. Volante found that banks are not only keen to modernise, they are prepared to spend big to future-proof their payments infrastructure. Almost half (49%) of banks surveyed say their budget allocations for payments modernisation have increased over the past 12 months—on average, EMEA banks are planning to spend just under $1.5 million ($1.42 million) on payments modernisation within the next year. Other survey highlights include: Cost efficiency and resilience are top motivators. Nearly one-third (29%) of banks say cost efficiency and operational resilience are the external factors driving modernisation the most, followed by changing customer expectations for real-time payments and competitive pressure from fintechs and neobanks. Vendor selection is a key concern. The biggest concern for banks in modernising payments is choosing the right vendors and tech partners (38%)—above factors like cybersecurity and fraud risks and budget challenges. Banks are still encumbered by legacy systems. Over a quarter of banks (27%) rely on legacy technology for their payments services—either relying on core banking to provide payments, or using a combination of internally built and / or vendor solutions that are 5-10+ years old. The survey also revealed that the majority (58%) of EMEA banks use a hybrid approach to cloud adoption for modernising payments, although a quarter are still exploring cloud options but remain mainly on-premises. However, there is some concern among EMEA banks regarding the process of modernisation. Around a third of banks are concerned about the disruption modernisation may cause, and a similar percentage are worried about the internal skills and knowledge needed to manage the transition. The report notes 'the solution to both of these worries is to focus on strategic modernisation: progressing towards modernisation with small, carefully measured steps". It further advises banks that understanding their customers' priorities is important both in setting out their modernisation roadmap and in building a business case for modernisation and ensuring budgets are tactically spent. 'The fifth edition of The Big Survey shows banks recognise that modernising payments is crucial to survival in the evolving payments landscape. It's not only market competition and changing customer expectations that are impressing this urgency upon them: 2025 is a pivotal year for regulatory deadlines regarding legislations, such as SEPA Instant Payments and SWIFT ISO 20022,' said Vijay Oddiraju, Co-founder and Chief Executive Officer. Oddiraju continued, ' The fact that banks are preparing to spend, on average, almost $1.5 million on payments modernisation shows that they understand how important it is to adapt to industry shifts. But the size of such modernisation budgets means banks are, understandably, cautious about their selection of vendors and tech partnerships. For banks, the right partners are ones who will help them modernise their payments while lowering risk, improving ROI, and helping them onboard new clients quickly. PaaS providers who can offer banks such solutions, with technology that is resilient, compliant, and easily extensible, stand to win big as payments enters its next era.' Download a copy of the survey, ' The Big Survey 2025: Modernising Payments ', here. Notes to editors The survey was conducted by Censuswide in May 2025 on behalf of Volante Technologies. All respondents work in banking roles related to payments, transaction banking, corporate banking and wholesale banking and hold director level or more senior positions with responsibility for selecting payment processing systems. Respondents come from 11 different countries: the UK, Portugal, Spain, Saudi Arabia, UAE, Sweden, Norway, Denmark, Belgium, the Netherlands and Luxembourg. Sample sizes varied across countries. 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
Yahoo
29-06-2025
- Business
- Yahoo
BofA Reiterates Buy as Agora (API) Gains Traction in Live Engagement
Agora Inc. (NASDAQ:API) is one of the 10 best debt-free IT penny stocks to buy. On June 28, Bank of America Securities' analyst Daley Li reiterated a Buy rating on Agora (NASDAQ:API), setting a price target of $7.10. Agora's Q1 2025 results showed modest top-line growth, with revenue up 1% year-over-year. While overall growth was limited, the company's international business stood out, benefiting from stronger demand in areas like live shopping and entertainment. A consumer smiling as they engage with streaming apps and voice platforms. For the second quarter, management guided for core revenue growth of 7% to 13% year-over-year. This range broadly matches market expectations and suggests that conditions are starting to improve—particularly in China's social entertainment and education markets—while international demand continues to hold up well. The analyst also pointed to signs of progress on the profitability front. Q1 2025 was Agora's second straight profitable quarter, along with an improvement in gross margins. The company is also commanding a stronger net cash position which adds further flexibility, allowing it to pursue growth opportunities like in the field of AI. Agora Inc. (NASDAQ:API) is a China-based company that provides a real-time engagement platform-as-a-service (PaaS), enabling developers to embed voice, video, and live interactive streaming capabilities into their applications. While we acknowledge the potential of API as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
Yahoo
28-06-2025
- Business
- Yahoo
BofA Reiterates Buy as Agora (API) Gains Traction in Live Engagement
Agora Inc. (NASDAQ:API) is one of the 10 best debt-free IT penny stocks to buy. On June 28, Bank of America Securities' analyst Daley Li reiterated a Buy rating on Agora (NASDAQ:API), setting a price target of $7.10. Agora's Q1 2025 results showed modest top-line growth, with revenue up 1% year-over-year. While overall growth was limited, the company's international business stood out, benefiting from stronger demand in areas like live shopping and entertainment. A consumer smiling as they engage with streaming apps and voice platforms. For the second quarter, management guided for core revenue growth of 7% to 13% year-over-year. This range broadly matches market expectations and suggests that conditions are starting to improve—particularly in China's social entertainment and education markets—while international demand continues to hold up well. The analyst also pointed to signs of progress on the profitability front. Q1 2025 was Agora's second straight profitable quarter, along with an improvement in gross margins. The company is also commanding a stronger net cash position which adds further flexibility, allowing it to pursue growth opportunities like in the field of AI. Agora Inc. (NASDAQ:API) is a China-based company that provides a real-time engagement platform-as-a-service (PaaS), enabling developers to embed voice, video, and live interactive streaming capabilities into their applications. While we acknowledge the potential of API as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
Yahoo
27-05-2025
- Business
- Yahoo
Figure Eight Federal Collaborates With Microsoft to Redefine the AI Lifecycle in Defense
F8F's data labeling platform, Artemis, combined with Azure's cloud-native PaaS, enables rapid optimization of AI models WASHINGTON, May 27, 2025--(BUSINESS WIRE)--Figure Eight Federal (F8F), a leading data labeling technology provider, today announced an integration of its data labeling platform, called Artemis, with Microsoft Azure Platform as a Service (PaaS) offering. By combining F8F's data labeling technology capabilities with Microsoft's native cloud PaaS services for data governance, data pipelining, MLOps, and analytics, this collaboration aims to break down traditional black boxes that surround sub-components of the AI lifecycle. This collaboration will deliver the transparency and governance required to accelerate responsible AI development across the defense and intelligence sector. "Microsoft's integration with Figure Eight Federal's labeling and orchestration platform is a significant step toward enabling a data labeling copilot for the Department of Defense and the intelligence community," said Leigh Madden, vice president of national security at Microsoft. "By integrating Azure OpenAI services with their platform, we have already demonstrated how our combined capabilities can enhance data operations. We are excited to work with Figure Eight Federal to further expand the use of generative AI and drive greater efficiency and innovation across mission-critical data environments." "By coupling our data labeling technology with Microsoft's cloud-native capabilities for data management, MLOps, and generative AI, we deliver a holistic, robust, and highly scalable solution to accelerate AI innovation for defense applications," said Tim Klawa, head of product at Figure Eight Federal. "The result is that we not only reduce operational costs but also ensure AI models are more transparent, trustworthy, and secure against adversarial threats." F8F's integration with Microsoft, available for deployment into any client networks, provides commercial best practices into the defense and intelligence sector, enabling a data-centric, quality-first, SME-driven approach to rapid model optimization. Through this collaboration, along with rigorous government testing, F8F and Microsoft address one of the most significant challenges in AI development for the defense sector: the lack of transparency and data governance that often surrounds data labeling, model training, and evaluation. By providing robust data governance and validated quality into every aspect of the AI pipeline, F8F and Microsoft's combined technology offers a government guided approach to AI development that mitigates risk with real-time transparency and accountability, accelerating the ability to develop AI in a responsible and trustworthy way. The modular architecture of Artemis, coupled with Azure PaaS, enables agencies to rapidly stand up end-to-end data and AI capabilities without traditional high-cost and rigid licensing models seen in the defense and intelligence sector. Instead, agencies can leverage a consumption-based approach. The transparency, observability, and ease of replaceability of each sub-component enable agencies to easily plug-and-play any third-party vendor into the environment and maintain full data governance. F8F and Microsoft's combined expertise positions this integrated solution as a critical enabler for AI solutions in defense, providing a transparent, secure, and adaptive foundation for building trustworthy AI that can be rapidly optimized for mission-critical applications. "We are excited to work with Microsoft to provide government agencies with commercially proven capabilities to drive data quality, which are fundamental to unleashing AI innovation," stated Vinay Malkani, chief executive officer of Figure Eight Federal. About Figure Eight Federal: Figure Eight Federal (F8F) is Appen's FOCI-mitigated arm dedicated to serving the U.S. defense and intelligence sectors. F8F delivers accurate, reliable, human-annotated datasets that power critical AI and machine learning applications. With native support for a wide range of datatypes—including Synthetic Aperture Radar (SAR), LiDAR, and multispectral imagery—the Artemis platform enables labeling directly on data in its original form. The platform also supports benchmarking and fine-tuning of generative AI through human-in-the-loop evaluations performed by domain experts, while integrated generative AI capabilities help mitigate the programmatic risks inherent in large-scale data labeling efforts. By leveraging Azure OpenAI Service within Azure Government, F8F offers a powerful solution for unlocking domain-specific, optimized generative AI innovations tailored to defense workflows. Learn more at View source version on Contacts info@
