Alt.bank in Brazil migrates novücard credit card infrastructure to Visa’s Pismo
Brazilian fintech alt.bank has migrated the legacy infrastructure behind its novücard credit card to the core banking platform Pismo.
Brazil’s alt.bank selects Pismo for novücard credit card
According to a statement, the vendor’s selection will enable the fintech to “boost its operations and expand the range of services available to its customers via the Visa credentials”.
Visa notably acquired Pismo, also based in Brazil, through a $1 billion cash deal completed earlier this year.
The statement goes on to claim that the migration was completed “without dependency on the previous operator and without service interruptions for cardholders”.
“To enable the delivery of the services we are creating, we need flexible, up-to-date, and reliable technology. We found the ideal partner in Pismo,” comments alt.bank CEO Brad Liebmann, who founded the company in 2018.
“On Pismo’s platform, we selected the microservices that made sense for our operation, and we didn’t have to wait in line for developments, as we did before,” he continues.
Launched in July 2022, novücard is said to be the first offering in Brazil to support a dynamic credit limit, which automatically increases month by month in line with card activity and bill repayments, and specifically seeks to service the country’s underbanked community.
With the Pismo migration now complete, the fintech says it plans to launch “several new product features” for the offering by the end of this year, some of which it claims will be “novel to Brazil”.
