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June 28, 2023
On the web
Visa to Acquire Pismo
Visa
"Visa today announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash."
June 19, 2023
On the web
Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions
Citigroup
"Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide."
March 24, 2023
On the web
Visa Boosts Offer for Brazilian Fintech Pismo to $1.4B - Report
Seeking Alpha
"Visa has upped its offer for Pismo, a cloud-based banking and payments platform for banks, to $1.4B from its original offer of $1B, Valor Economico reported, citing two people familiar with the matter. In Brazil, Pismo, which is backed by Amazon and SoftBank, provides cloud infrastructure for banks such as Itaú , BTG+, Pactual's retail platform and part of Citi. It has been expanding globally, most recently into India and Singapore. Valor reported that Visa is in competition with at least one other potential party."
March 7, 2023
On the wires
Pismo Introduces Digital Lending Functionality to its Banking and Cards Platform
PR Newswire
"Pismo, one of the world's fastest-growing banking Software-as-a-Service (SaaS) firms, has announced a new capability of its core banking and payments platform: digital lending. Digital lending is part of Pismo's cloud-native and API-based platform. It brings agility and flexibility to accelerate the creation of new products, covering traditional business and consumer offerings, as well as new opportunities such as Buy Now Pay Later (BNPL), for banks and fintechs of all sizes."
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