Pismo Showcases Cutting-edge Banking Platform at Global Fintech Fest

Pismo, a cloud-based API platform, debuts at the Global Fintech Fest, highlighting its integrated core banking solutions. Established in India in 2022, Pismo has expanded globally with offices in multiple countries. The platform, recently acquired by Visa, aims to modernize banking infrastructure, offering scalable, secure solutions tailored to financial institutions.

Pismo, the global cloud-native API-based platform, made its debut at the Global Fintech Fest (GFF), showcasing the benefits of its integrated core banking and payments platform at booth #Q16/17.

Established in India in 2022, Pismo operates an office in Bangalore with a strong team. Vishal Dalal, CEO for North America, EMEA, and APAC regions, emphasized Pismo's commitment to modernizing banking infrastructure in India. He highlighted the platform's agility and efficiency, which enables Indian banks to adapt rapidly to changes while controlling costs.

Pismo was founded with the vision of revolutionizing banking infrastructure through cloud technology. In 2021, the company began its global expansion and now has offices in Brazil, the UK, US, Singapore, and India. The platform has garnered clients, including Citi, Itaú, BTG, B3 (Brazilian Stock Exchange), Cora, Access, and NG Cash.

Head of Business Development for APAC, Varun Dudeja, noted Pismo's ability to cater to diverse clients, from Fortune 500 banks to innovative fintech. The platform's microservices and APIs are designed to meet the needs of global financial institutions, providing exceptional user experiences. Pismo's local presence in India reinforces its capability to deliver customized solutions for the unique requirements of the Indian market.

Pismo has seen significant interest from financial institutions across India, with five banks and three fintech implementing the platform, including City Union Bank, 42Cards, and Vegapay.

The platform's array of microservices and APIs for payment processing and core banking allows financial companies to quickly develop and launch new products and services. Its cloud-based nature ensures scalability to match business growth while maintaining robust security and availability standards.

Earlier this year, Visa International acquired Pismo, enhancing its global reach and cementing its role in the transformation and modernization of the financial sector.

(With inputs from agencies.)