rewrite this title Breaking Past Fragmentation: How Qolo Simplifies Payments for Banks and Businesses – Finovate

Many businesses approach fintech in a fragmented way. They are forced to stitch together multiple payment systems, APIs, banking partners, and integrations just to achieve basic functionality.

Patricia Montesi, Founder and CEO of Qolo, explains in a FinovateFall video interview how her platform is solving that complexity for banks, fintechs, and enterprises. Qolo offers a unified payments stack through a single API that enables institutions to modernize their payments infrastructure without expensive and risky rip-and-replace of legacy systems.

In the video, Montesi delves into embedded ledgers, real-time rails, and how Qolo can overlay existing cores in under nine months while positioning clients for the next generation of payments, such as stablecoins and novel rails.

“We set out to build an entire, comprehensive payments stack that includes ledger, card, payments, virtual account management—everything all available through a single API served up to you so that you can then focus on your customers.”

Patricia Montesi is a seasoned payments veteran with over 20 years of experience across banking and fintech. Prior to Qolo, she held leadership roles driving innovation in payments and scaling complex platforms. Her deep domain expertise across card processing, FX, bank partnerships, and regulatory environments gives her insight into the pain points that banking partners face when retrofitting modern payments capabilities.

Qolo was founded in 2018 with the aim to simplify payments by offering a comprehensive payment stack, including an embedded ledger, card issuing, money movement, real-time reconciliation, and cross-rail connectivity on a single API. Rather than forcing banks to rip out their core, Qolo overlays its platform directly atop existing systems, enabling deployment in under nine months. This sidecar-oriented architecture lets institutions adopt new payment rails without disrupting core banking operations.

Photo by Tim Samuel

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