TAB Bank Launches Real-Time Payments with Volante Technologies
On May 12, 2021, TAB Bank announced the launch of real-time payments capabilities powered by Volante Technologies' cloud-based payments platform. TAB Bank, a digitally focused institution serving small and medium enterprises, integrated Volante's technology to enable instant payment processing for its business customers. The real-time payments capability improves cash flow visibility and accelerates settlement times for SMEs that rely on TAB Bank's digital banking services.
Volante Technologies provides the payments-as-a-service infrastructure, handling the connectivity and message processing required to participate in real-time payment networks. The partnership allows TAB Bank to offer competitive payment speeds without building the underlying infrastructure in-house. Financial terms of the arrangement were not disclosed.
The initiative reflects a broader trend of smaller banks partnering with specialized fintech vendors to access modern payment rails and enhance their embedded banking offerings for business clients.
- Smaller digital banks are increasingly leveraging payments-as-a-service providers to access real-time payment rails without heavy infrastructure investment.
- Real-time payments adoption by SME-focused banks expands the competitive landscape for embedded business banking services.