crab paymenta global data coordination and reporting platform, has entered into a strategic partnership with. Pismoissuer processing and core banking platform.
The partnership will extend the reach of Kani’s Software-as-a-Service (SaaS) platform to Pismo’s customer base, which includes large banks, marketplaces, and fintechs, the companies said on Wednesday (February 21, 2020). said in a press release emailed to PYMNTS on Monday.
Founded in Brazil in 2016, Pismo has rapidly expanded into Latin America, North America, Europe and the Asia-Pacific region, according to a release. Pismo, whose customers include Brazilian banking giant Itau and his BTG, processes more than $208 billion in transactions annually across his 97 million accounts and his more than 53 million issued cards worldwide. Masu.
In January, Pismo was acquired by: visa The $1 billion transaction demonstrates the potential for further expansion of core banking operations and processing capacity for the issuer, the release said. This acquisition is announced June 2023 and completed In January.
The partnership with Pismo will allow Kani Payments to offer its SaaS platform to a broader market, with clients benefiting from simplified reporting and actionable business intelligence insights, according to the release. You will be able to.
Kani’s platform is designed to help companies achieve compliance with industry and regulatory requirements by automating complex data reconciliation and reporting processes, according to the release.
aaron holmesKani Payments founder and CEO said in a release that Kani’s scalability as a FinTech company, coupled with Pismo’s global presence, makes this a valuable partnership.
Vishal DalalPismo CEO (North America, EMEA, APAC) said Kani’s platform helps financial institutions generate reports and gain valuable insights for informed decision-making.
According to the release, Kani Payments has already processed more than 24 billion euros ($26 billion) in payment transactions through its platform, earning recognition from industry associations and participation in prestigious accelerator programs.
By connecting to application programming interfaces (APIs) provided by Visa/Pismo and the combined companies, banks and fintech companies can avoid investing time and money in bank and fintech services. infrastructure and leverage opportunities in new geographies more fully and quickly, PYMNTS reported at the time of the acquisition announcement.
Visa/Pismo provides solutions that help banks expand their issuance and processing capacity and smoothly enter new payment rails.
