It’s been another year of success at Pismo, and it’s time to reflect on everything the company has achieved over the past twelve months. From events to new clients and webinars to whitepapers, Pismo keeps moving forward at hyperspeed.
New clients and opportunities
2023 saw the signing of new clients to the Pismo platform from across the globe. Citi TTS picked Pismo to manage its corporate demand deposit accounts (DDA) to clients worldwide.
Stephen Randall, Global Head of Liquidity Management Services at Citi TTS, said Pismo leads the pack by providing “its core expertise and knowledge in cloud-based banking and payment processing capabilities.”
City Union Bank (CUB) launched a new credit card scheme powered by 42CS and Pismo in March. 42 CS utilised the Pismo cloud-native card management platform to provide end-to-end card processing services.
Australian fintech @Pay picked Pismo to underscore its online and in-store payments systems. “Pismo, being a cloud-native player in this space, provides us and our tech stack with the agility to offer best-in-class core banking technology to consumers and merchants,” says Sahir Nadeem, CTO at the company.
Also, in Australia, Grow Finance partnered with Pismo to issue new Mastercard credit cards for small businesses. The fintech provides finance solutions to help SMEs grow, from asset and equipment financing to business loans.
“Pismo brings us its extensive expertise in card issuing and payment processing, which includes managing 46 million cards,” says David Verschoor, Executive Director and Co-CEO at Grow.
2023 also saw Pismo connect to the UK’s Faster Payments System, just the beginning of a more comprehensive global connectivity drive, which has already seen the company connected to Brazil’s Pix network.
Visa announced its acquisition
Arguably, the biggest news of the year for Pismo was the announcement in June that Visa plans to acquire the company in a $1 billion deal.
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.
“Through the acquisition of Pismo, Visa can better serve our financial institution and fintech clients with more differentiated core banking and issuer solutions they can offer their customers,” said Jack Forestell, Chief Product and Strategy Officer at Visa.
For those who didn’t see the news the first time around, Pismo will retain our founders and current management team. The transaction is subject to regulatory approvals and other customary closing conditions.
Pismo leaders made waves across the industry
Our leaders, thinkers, and employees appeared in dozens of publications, podcasts, and events. Throughout 2023, our experts were in high demand, talking about the future of next-generation banking and payments.
Pismo CEO Ricardo Josua appeared on Visa’s Ask a Founder blog and was featured on the Fintech Leaders and Tearsheet podcasts.
Daniella Binatti, Pismo’s CTO, was a special guest at conferences, including CEO Conference, Women in Fintech, Headline, MIT REAP, and Vamos Latam. She has also been featured in the International Business Times and Economic Times of India. 2023 saw her appear on a handful of podcasts, including Fazer Differente and Purpose Driven Fintech.
Vishal Dalal, Pismo’s CEO for North America, APAC, and EMEA, was interviewed by Invest Bristol & Bath in a case study on Pismo’s UK headquarters and by Business Leader. He also featured on the Fintech Chatter Podcast and Exponential Finance podcast.
Pismo VP of Product, Alexandre Pinto, spoke at the Digital Money Meeting Sao Paulo and the Fintech Comply Festival. He was also a guest on the Papo Cloud podcast.
We attended major events
Pismo built on its 2022 showing and appeared at important global events. Thousands of delegates from dozens of companies spoke to our experts to discover the future of banking.
Pismo’s colours could be seen at Febraban Tech, Money20/20 USA, the Singapore Fintech Festival, COBA 2023, WFIS Philippines, and GopherCon 2023.
Pismo launched fresh content
At Pismo, we’re always looking for new ways to present the financial services industry and chart its development towards next-generation banking.
2023 saw us prepare and launch two industry webinars investigating key topics: Why modernisation without the core means nothing and the intricacies of chaos engineering.
We also launched a pair of new whitepapers, taking a deep-dive look at multi-region databases and event-driven systems. At the same time, we launched a new video detailing key reasons why large and emerging institutions pick Pismo.
For those looking to see how Pismo empowers clients to create the future of financial services, Pismo also debuted a pair of new case studies about NG CASH and Flash, two fintech companies that used the Pismo platform to create innovative financial products.
More to come in 2024
So, Pismo waves a fond farewell to 2023. It was a year full of milestones and successes, and we can’t wait to see what 2024 has in store.
See you next year!
