CSI Acquires 2018-Born Qolo to Expand Community Bank Payments
Updated
Updated · Finovate · Jul 15
CSI Acquires 2018-Born Qolo to Expand Community Bank Payments
3 articles · Updated · Finovate · Jul 15
Summary
CSI bought Qolo for an undisclosed amount, adding payments infrastructure and treasury technology aimed at strengthening commercial banking offerings for community financial institutions.
Qolo’s platform will become an orchestration layer across payments, accounts and workflows, tying into CSI’s core banking, digital banking and API stack rather than forcing core-system replacement.
The combined offering includes a real-time ledger, multi-rail domestic and international payment orchestration, and broader card issuing and processing across debit, prepaid, virtual and secured corporate credit programs.
CSI said the deal also adds Qolo’s clients and geographic reach, while helping smaller banks offer capabilities typically associated with larger rivals as business customers demand real-time, embedded financial services.