Many companies strategy fintech in a fragmented means. They’re pressured to sew collectively a number of fee programs, APIs, banking companions, and integrations simply to attain 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 way 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 underneath 9 months whereas positioning purchasers for the following technology of funds, resembling stablecoins and novel rails.
“We got down to construct a whole, complete funds stack that features ledger, card, funds, digital account administration—the whole lot all out there by way of a single API served as much as you so as to then focus in your clients.”
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. Reasonably than forcing banks to tear out their core, Qolo overlays its platform instantly atop present programs, enabling deployment in underneath 9 months. This sidecar-oriented structure lets establishments undertake new fee rails with out disrupting core banking operations.
Picture by Tim Samuel
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