Daniela Binatti Implements Agile Core Technology

Daniela Binatti is the co-founder and chief technology officer at Pismo, a fintech company that aims to provide agile core technology to the financial services industry. Eight years ago, Binatti helped launch Pismo with a vision of modernizing core technology for financial institutions. In January, Pismo was acquired by Visa for $1 billion.

Binatti has played a crucial role in developing Pismo’s platform for financial institutions and payment clients since its inception in 2016. With twenty years of experience in the tech industry, Binatti recognized the need to replace outdated technology with cloud-native core banking and card-issuer processing services. She believes in gradually transforming systems rather than starting from scratch, as it is a more effective and efficient approach.

According to Binatti, the financial services industry is aware of the need for modern solutions as the current infrastructure is outdated and costly to maintain. She emphasizes the importance of adopting platforms that can support emerging technologies like artificial intelligence. Binatti predicts that banks will eventually replace their core infrastructure as customer expectations continue to evolve.

Despite facing challenges, Binatti is proud of Pismo’s contributions to increasing accessibility to financial institutions by providing lower-cost options for bank products. The recent milestone of Pismo’s acquisition by Visa has opened up new opportunities for growth and global expansion. Binatti played a key role in demonstrating to Visa how Pismo’s platform could benefit new clients worldwide.

As Pismo transitions to new ownership under Visa, Binatti will continue to lead technology development and steer the company towards further innovation and success. She believes that resilience and embracing new technologies are essential for the financial services industry to meet the growing expectations of customers and stay competitive in the evolving market.