Visa’s Pismo Executive Maps AI’s Role in Banking Modernisation

Core banking platforms underpin account management, deposits, lending and transaction processing, making their modernisation central to banks’ digital strategies. The shift toward real-time payments, cloud infrastructure and artificial intelligence is increasing pressure on financial institutions to replace or rework legacy systems that can slow product launches, fragment data and raise the cost of adapting to new customer and regulatory demands.

Leonardo Collado, global general manager of Visa-owned Pismo, said on the latest Demystify Podcast that core banking modernisation has become one of the industry’s leading strategic priorities. He discussed how advances in AI could reshape banking operations and payment experiences, while modular technology architectures may help institutions upgrade services more quickly and prepare their infrastructure for the next phase of digital payments.