Alt.bank in Brazil migrates novücard credit card infrastructure to Visa’s Pismo

Key Points:

Migration Details:
- Fintech: Brazilian fintech alt.bank.
- Product: novücard credit card.
- New Platform: Migrated to Pismo’s core banking platform.
Benefits of Migration:
- Operational Boost: Migration enables alt.bank to enhance operations and expand services via Visa credentials.
- Smooth Transition: Migration was completed without dependence on the previous operator and with no service interruptions for cardholders.
Statements:
- CEO’s Comments: Brad Liebmann, CEO of alt.bank, praised Pismo for providing flexible and reliable technology, allowing them to choose microservices tailored to their operation.
novücard Features:
- Unique Offering: Launched in July 2022, novücard is the first in Brazil to offer a dynamic credit limit that increases based on card activity and repayments, targeting the underbanked community.
Future Plans:
- New Features: Alt.bank plans to introduce several new product features for novücard by the end of the year, some of which will be unique to the Brazilian market.

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