Ricardo Josua, Co-Founder and CEO at Pismo, has been highlighted in an interview with The Fintech Times, a global multimedia news outlet centered around fintechs.
He spoke to journalist Francis Bignell about how Pismo’s solutions allow full customisation through its API and microservices platform, enabling customers to accelerate innovation and have scalability, reliability, and security in the products they offer to final clients.
A unique approach
Ricardo says that when Daniela Binatti, our Co-Founder and CTO, came up with the idea of creating Pismo, the aim was to provide an open infrastructure to enable flexible and scalable solutions to payments and banking.
“This ‘Lego’ format enables customers to accelerate innovations and have instant scalability while maintaining complete control over the UX,” he says. “This unique approach has called the attention and trust of big names in the market like Banco Itaú, the largest private bank in Latin America, and BTG Pactual, the largest investment bank in the region.”
The power of Latin America
Ricardo also spoke about how Latin America is an interesting region for financial services. It has one of the world’s fastest-growing banking sectors, with more than $7 billion invested in financial services companies in the last five years, according to Crunchbase.
Combined with a regulatory system that, although over-regulated, has been stimulated by central banks to innovate and foment financial inclusion, this environment allows companies like Pismo offer solutions that meet the market’s need for innovation.
“The core banking and payment platform we provide is designed on open and bleeding-edge technology. It allows financial – and non-financial – institutions to offer banking and payment products, adapting to any country’s regulations and specifications,” Ricardo explains.
Trends in the Latin American space
For those who are considering expanding their business in Latin America, Ricardo lists three significant trends happening in the fintech space in the region:
- The growing number of neobanks in the area (prior to May 2022, 54 of the 250 neobanks launched are in South America)
- The availability of new digital payments and alternative solutions (like PIX, the Brazilian payments scheme that enables instant transfers, including on non-business days);
- The rise of e-commerce (online retail sales are expected to reach $160 billion by 2025 in the region).