PR Newswire
07 Mar 2023, 22 GMT+10
The cloud-native API-based solution offers embedded experience for BNPL, reduces costs and time-to-market
BRISTOL, England, March 7, 2023 /PRNewswire/ -- 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.
The lending landscape has changed dramatically over the last few years. It will continue to shift to a higher volume of loans, with lower transaction values, presenting a challenge that requires scalability and integrity. The global lending market is expected to grow to $11,285.05 billion in 2026 at a compound annual growth rate (CAGR) of 9.6%
Juliana Binatti Motta, co-founder and CPO at Pismo, says: "With a larger portion of people using small amount loans, banks and fintechs need a nimble solution to power embedded lending experiences, allowing them to rapidly respond to market changes, while creating new revenue sources. That's how our new capability was designed".
Since its Series B funding round led by SoftBank, Amazon, and Accel, which raised $108 million in October 2021, Pismo has grown exponentially. The company now has operations in Europe, North America, Southeast Asia, India and Latam.
Pismo was founded in Brazil and has deep experience developing and implementing banking and cards solutions for digital banks and large financial institutions, including Ita, BTG Pactual, and N26.
"Pismo's digital lending extends our platform capability and enables customers - both new and existing - to augment their banking and card operations with a lending product that matches both the scale and time to market that our customers have come to expect," adds Juliana.
Contact:
Patricia Bartuira
+ 1 (786) 270-6253
[email protected]
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationNEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
MEMPHIS, Tennessee: Tennessee authorities are slowly releasing information about a weekend car crash on a freeway that killed six young ...
JAKARTA, Indonesia: Officials from Indonesia's Aceh province said that more than 180 Rohingya Muslims landed this week by boat, in ...
HONG KONG: Hong Kong's first authorized protest took place since the end of COVID-19 restrictions and under new strict security ...
MOSCOW, Russia: A new campaign has begun across Russia to attract badly needed recruits to replenish its troop numbers for ...
WASHINGTON D.C.: US House of Representatives Speaker Kevin McCarthy has said that lawmakers will move forward on legislation aimed at ...
NEW YORK CITY, New York: A study published this week reported that China spent $240 billion between 2008 and 2021 ...
NEW YORK, New York - U.S. stocks posted a decent rally on Thursday with all the major indices making good ...
FREMONT, California: Neuralink, Elon Musk's brain implant company, has approached the Barrow Neurological Institute, one of the largest US neurosurgery ...
BRUSSELS, Belgium: The energy ministers of European Union member countries have approved a landmark law to end sales of new ...
BEIJING, China: After more than a year of self-imposed exile overseas, Alibaba founder Jack Ma has returned to China, allegedly ...
NEW YORK, New York - U.S. stocks and the dollar made solid gains on Wednesday as banking sector fears continued ...