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Kani Payments partners with Pismo

Wednesday, February 21, 2024 — 14:33:43 (EST)

Newcastle upon Tyne/Bristol, 21 February 2024: Kani Payments, the disruptive global data reconciliation and reporting platform, today announces a strategic partnership with issuer processing and core banking platform Pismo. The new partnership with Pismo means that Kani’s award-winning SaaS platform will now be available to Pismo's global client base, including large banks, marketplaces and fintechs.

Kani Payments has enjoyed stellar growth since its launch in 2018, empowering clients with enhanced and accelerated transaction reconciliation, payment and regulatory scheme reporting, merchant settlement and customer fund safeguarding. The Pismo partnership is a significant step forward in Kani’s global expansion, representing its largest client win with tangible global scale potential.

Established in Brazil in 2016, Pismo has rapidly expanded across Latin America, North America, Europe and Asia-Pacific. Pismo’s all-in-one cloud-native platform has a broad product coverage, including core banking, payment processing, card issuing, digital wallets, lending, corporate banking and financial asset management functionalities. Pismo works with the largest card networks around the globe.

With clients such as Brazilian banking giants Itaú and BTG, among several other global financial institutions, Pismo processes 276 billion API calls and US$ 208 billion in transactions annually across 97 million accounts and over 53 million issued cards worldwide. In January 2024, Pismo was acquired by Visa International in a $1 billion deal, exemplifying the huge potential to expand its core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients worldwide.

Kani Payments’ transaction data reporting and reconciliation platform helps companies fuel growth with simplified reporting and actionable business intelligence insights. It enables them to achieve compliance with industry and regulatory requirements. This new partnership will enable Pismo’s clients to tap into Kani’s unique data-agnostic reporting and reconciliation platform, which can ingest data from any processor or source and reconcile complex and contrasting multiple data sets in minutes.

Aaron Holmes, Founder and CEO of Kani Payments, comments: “Kani Payments is unique because it is a truly scalable SaaS fintech company. It also makes us a perfect match for Pismo, which shares our geographical expansion capabilities. Pismo’s cloud-based platform empowers teams to build fast and companies to launch rapidly, and as such, it shares many of our values and a core aim of helping businesses drive efficiency. As a global business, Pismo is the perfect partner to help us realise the next phase of our growth strategy, and we’re looking forward to making our solution available to a much wider market.”

Vishal Dalal, CEO (North America, EMEA and APAC) at Pismo, adds: “Having Kani Payments join our partners' network will help financial institutions to turbocharge report generations and submissions. It will unlock useful insights to help them make better, more informed decisions, shaping a new era for banking and payments.” Industry experts have built Kani Payments to do the heavy lifting of making complex data simple and standardised, helping fintechs, banks, and payment companies achieve effortless reconciliation and reporting, in addition to meeting scheme and industry regulations. Kani’s platform is the only data reporting and reconciliation tool that can also automate the required output of the complex Mastercard QMR and Visa GOC scheme reports, designed to help businesses prevent financial loss and ensure regulatory and scheme compliance.

To date, Kani Payments has reconciled more than €24 billion in processed payments volume through its award-winning platform that can be used by start-ups and scale-ups across the fintech spectrum and has forged relationships with companies including Sodexo, Transact Payments, Osper, IDT, Moorwand and Paysafe.

After announcing its acceptance onto the Mastercard Start Path Global programme in 2022 and the FIS Accelerator programme in 2023, Kani Payments plans to build on this success throughout 2024 and beyond by bringing automation, accuracy and compliance to payments reconciliation and reporting to fintechs, acquirers and financial institutions worldwide.

ENDS

About Kani Payments:

Established in 2018 in Newcastle, UK, Kani Payments is a reconciliation and reporting platform designed to reduce complexity for financial services businesses.

Named ‘Europe’s Leading Financial Services or Payments Start-up’ by the Emerging Payments Association in 2019, and having since been selected for the Fintech Power 50, Mastercard Start Path Global programme in 2022 and FIS Fintech Accelerator programme in 2023, Kani’s clients include fintechs, challenger banks, established banks, electronic money issuers, and gift card providers.

For more information, please visit: kanipayments.com/.

About Pismo:

Pismo is a technology company providing an all-in-one processing platform for banking, payments, and financial markets infrastructure. Large banks, marketplaces, and fintech companies use our cloud-native microservices platform to launch next-generation solutions and move from legacy systems to the most advanced technology in the market. The Pismo cloud-based platform empowers firms to build and launch financial products rapidly, scaling as they grow to have a broader audience while keeping high security and availability standards.

Media contacts:

Pismo Patricia Bartuira +1 (786) 270-6253 patricia@bmcsmart.com

Debora Fortes press@pismo.io

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Source: Company press release. end of article

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