Pismo has continued accumulating impressive migration figures just a few weeks after celebrating a million-migration month in February.
March 2023 saw two clients go live on the Pismo platform, with our system flawlessly handling the transfer of accounts, cards and PCI data.
One client, a banking-as-a-service (BaaS) provider in Brazil, migrated over 1,500,000 active accounts in March. The second, a provider of gift cards and related prepaid services, migrated 175,000 accounts operating more than 210,000 cards.
Pismo’s migration and implementation expertise ensured a safe and smooth deployment for both clients.
Accounts migrated by existing clients brought March 2023’s total number even higher.
Migration figures like these aren’t isolated incidents. Pismo provides comprehensive migration services to existing clients, underlining our commitment to next-generation baking.
These new numbers mean Pismo has migrated almost three million accounts since the start of 2023.
Pismo has the toolkit
Pismo has succeeded with clients ranging from fintechs to Fortune 500 banks, from on-premise mainframes or traditional third-party providers. Our team is experienced in delivering systems change across several verticals, from corporate banking to lending, from payments to marketplaces.
One key factor in migration success is assembling the right expertise to ensure an effective transition. Pismo has extensive experience migrating and modernising accounts from legacy or on-premises platforms.
Pismo’s migration toolkit consists of tailored microservices and APIs. These can communicate with a bank’s existing core and payment systems to underpin a safe and secure data transfer.
Our migration process gives clients complete visibility in real-time of all steps undertaken. This includes real-time information on cards, accounts and transactions occurring during and after the migration. Clients can take full control of their modernisation, understanding every step made.
Cards are a speciality
Card migrations with Pismo demonstrate market-leading effectiveness. Our tools have transferred millions of credit card accounts from legacy systems to the cloud.
For fintechs using a Bank Identification Number (BIN) sponsor, Pismo can simultaneously migrate all the cards related to a specific BIN.
For financial institutions that receive authorisations from a card network directly, there is the option of transferring in a series of batches.
Pismo uses an authorisation redirector to ensure our clients’ card management system operates during the transition period. With the migration complete, the redirector is removed, and the client gains all the benefits of its move to a next-generation cloud-based platform.
Want to know more? Talk to our experts today!
