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

Alt.bank Migrates novücard Credit Card to Pismo’s Core Banking Platform

Key Points:

1. Migration Details:
   • Fintech: Brazilian fintech alt.bank.
   • Product: novücard credit card.
   • New Platform: Migrated to Pismo’s core banking platform.
2. 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.
3. 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.
4. 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.
5. 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.