Press release

Validio’s automated business monitoring selected to bolster Volt’s global real-time payments network

August 23, 2024

Volt, a pioneering real-time payments company, is partnering with Validio, the leading data trust platform. The collaboration focuses on further strengthening the resilience of Volt's global payment network, minimizing the risk of downtime and ensuring continuous, uninterrupted payment experiences for merchants and consumers globally.

For Volt’s global real-time payment network it is crucial to monitor deviations in key metrics such as traffic and payment volume, payment initiation and conversion, and clearing times. With Validio’s automated business monitoring, Volt can proactively catch and fix hard-to-detect operational issues. This enables a belt and braces approach to ensuring seamless operation, reduced down time and frictionless payments for their merchants.

“Validio equips our data and engineering teams with detailed oversight of transactional streams, in support of our business units.”

Peter Xiong Ni, VP of Data at Volt

“This lets us proactively address critical data quality issues, before they impact our merchants or users”

Validio’s suite of tools offers Volt automated business monitoring tailored to the unique needs of the payments industry, including:

Prevention of operational disruptions:
Validio’s real-time alerts work in harmony with Volt’s orchestration layer, supporting their unique smart routing algorithm to re-route traffic in the event of partner downtime, plus the ability to instantly notify merchants of any operational issues such as bank or third party unplanned downtimes. This allows Volt to minimize operational disruptions and lost revenue streams.
Hands-off oversight:
Validio's monitoring dynamically adjusts to Volt's changing trends and seasonal patterns through machine learning. This ensures advanced issue detection without manual oversight.
Detection of unknown issues across thousands of business segments:
Validio’s segmented anomaly detection lets Volt pinpoint granular issues across merchants, banks, and regions. This fully safeguards metrics like payment initiation rates, transaction volume, fraud attempts, and other critical KPIs. It enables faster time-to-action for Volt in resolving issues and provides a superior merchant experience.

"We are excited to partner with Volt and play a pivotal role in their journey to transform the global payments landscape. Finding anomalies and significant deviations in business-critical data in real-time is key to any data-intensive business, especially in the financial sector where trust and reliability are paramount. Validio’s platform is meticulously designed to ensure that data-led companies like Volt can rely on its data as a solid foundation for building the world’s first real-time payment network.”

Patrik Liu Tran, CEO and Co-Founder at Validio

“At Volt, our vision is to redefine global payments, transforming how merchants across the globe receive account-to-account payments in real time. Achieving this vision hinges on our ability to ensure uninterrupted services based on advanced business monitoring and instant validation of critical metrics,”

Oliver Mate, VP of Merchant Success at Volt

“Our collaboration with Validio enables us to stay one step ahead in managing unexpected downtimes from third parties and banks. This partnership allows us to receive earlier warnings, make more effective use of resources, and ensure quicker communications and resolutions."

About Volt

Volt is at the forefront of financial innovation, developing the world's first real-time, global payment network. By eliminating traditional barriers and inefficiencies in financial transactions, Volt aims to unlock global economic potential through instant, secure, and frictionless payments. With head office in the UK, and expansions across Europe, Brazil, and Australia, Volt is setting the stage for a future where financial transactions happen in the blink of an eye, anywhere in the world.

About Validio

Validio is a Stockholm-based Data Trust company that gives customers full trust in their business metrics, by going beyond mere monitoring to unify data observability, quality, lineage, and catalog. Validio’s Data Trust Platform provides a holistic view of your data ecosystem, letting data teams and business users collaborate effortlessly to resolve issues quickly and improve your business metrics. We’re proud to be the trusted partner of leading companies like Truecaller, OfferFit, AB CarVal, and Voi, who leverage our platform to get 100% trust in their data and use it to achieve real-world results.

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