Many companies strategy fintech in a fragmented manner. They’re compelled to sew collectively a number of fee programs, APIs, banking companions, and integrations simply to realize primary performance.
Patricia Montesi, Founder and CEO of Qolo, explains in a FinovateFall video interview how her platform is fixing that complexity for banks, fintechs, and enterprises. Qolo provides a unified funds stack by means of a single API that allows establishments to modernize their funds infrastructure with out costly and dangerous rip-and-replace of legacy programs.
Within the video, Montesi delves into embedded ledgers, real-time rails, and the way Qolo can overlay present cores in beneath 9 months whereas positioning shoppers for the subsequent era of funds, resembling stablecoins and novel rails.
“We got down to construct a complete, complete funds stack that features ledger, card, funds, digital account administration—every little thing all obtainable by means of a single API served as much as you so to then focus in your prospects.”
Patricia Montesi is a seasoned funds veteran with over 20 years of expertise throughout banking and fintech. Previous to Qolo, she held management roles driving innovation in funds and scaling advanced platforms. Her deep area experience throughout card processing, FX, financial institution partnerships, and regulatory environments offers her perception into the ache factors that banking companions face when retrofitting fashionable funds capabilities.
Qolo was based in 2018 with the intention to simplify funds by providing a complete fee stack, together with an embedded ledger, card issuing, cash motion, real-time reconciliation, and cross-rail connectivity on a single API. Relatively than forcing banks to tear out their core, Qolo overlays its platform straight atop present programs, enabling deployment in beneath 9 months. This sidecar-oriented structure lets establishments undertake new fee rails with out disrupting core banking operations.
Photograph by Tim Samuel
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