alt.bank, whose novücard is Brazil’s only credit card with automatically increasing limits, migrated its legacy credit card infrastructure to Pismo in just five months.

alt.Bank was created in 2019 by the anglo/american technology entrepreneur Brad Liebmann to bring transparent and fair lending practices to the Brazilian credit card market. The fintech chose Pismo’s cloud-native platform to boost its operations and expand the range of services available to its customers via Visa credentials.

“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,” says Brad Liebmann, founder and CEO at alt.bank.

The project was completed without dependency on the previous operator and without service interruptions for cardholders.

“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. This allowed us to migrate in record time.”, complements.

novücard is the first card in Brazil to offer a dynamic credit limit that automatically increases month by month as bills are paid on time and in full. Taking advantage of the Pismo platform, the fintech plans to launch several new product features for novücard – some of which will be novel to Brazil – by the end of the year.

“alt.Bank is simplifying access to financial products to its clients. And operational efficiency is pivotal for the success,” says Rodrigo Melato, VP of Global Sales and Customer Success at Pismo. “By offering cutting-edge technology in small blocks, Pismo simplifies how clients manage technology. Pismo offers more than 600 endpoints, what helps keep costs under control and give clients authonomy to be in charge of their infrastructure,” he concludes.

alt.bank is Brazil’s fastest-growing direct credit card issuer and received more than $30 million in investment – led by New York-based Union Square Ventures. It is the first investment in South America for USV, considered the most successful Series A investor in the world. At the heart of the alt.Bank is its GUARD credit engine – Brazil’s most accurate – which is also used by other Brazilian lenders via partnerships.

Pismo, which was acquired by Visa International earlier this year, continues to play a key role in the transformation and modernisation of the financial segment landscape. Pismo provides clients with comprehensive core banking and card-issuer processing capabilities across all product types through cloud-native APIs.