BV Card Settlement Bank relies on CWI Engineering

BV’s Card Settlement Bank service relies on CWI’s leadership in modernizing, maintaining, evolving, and supporting its process. This is another result of the partnership between the companies, which began in 2018 and has been strengthened by consistent work, steadily building the trust of one of Brazil’s largest private banks.

The development stream for this area includes processing clearing and settlement information for card transactions within the Card Settlement System of the Interbank Payments Chamber, Núclea — which is also a CWI partner.

Learn how the BV bank team and CWI’s Strategic Software Engineering work on this technology, used by issuers (like other banks, for example), acquirers (POS providers), and sub-acquirers.

Cloud Modernization

BV bank’s B2B service for fintechs and banking-as-a-service companies creates immense responsibility on the teams supporting this operation. This process involves several major players in the financial market.

Due to the diversity of its clients, the business complexity of this service is equally broad. Furthermore, CWI contributes by ensuring operational efficiency, which relies on the multiple partners involved from the moment a consumer swipes their card at a merchant to the final settlement.

The steady growth in the number of CWI professionals working with BV is testament to the quality of the work performed so far. The pipeline related to the Card Settlement Bank, while extremely critical, is considered stable, even though it often requires adjustments due to new Central Bank guidelines.

Card being tapped on a card machine for contactless payment.

Operation Context

The project prompted a need for cloud modernization, with CWI once again playing a leading role. Resources were migrated from BV’s on-premise servers to the Google Cloud Platform (GCP). The team also contributed to batch processing, messaging, and the modernization of operational screens and dashboards.

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CWI’s Challenges in the Card Settlement Bank Project

Navigating business complexity to serve a wide range of clients, with different business models.
Building resilient pipelines capable of handling adversities caused by occasional infrastructure failures.
Continuously improving performance and enhancing pipeline observability.
Supporting operational efficiency that depends on the coordination of multiple partners.
Diagnosing and resolving unexpected setbacks.
Managing a streamlined processing pipeline and time-sensitive demands inherent to the banking settlement market.
Executing critical deployments that ensure less downtime for clients.
Complying with regulatory requirements from the Central Bank within short timeframes, including pipeline adjustments.
Understanding market expectations from a business perspective, with an in-depth analysis of complex documentation.
Addressing security-related matters to ensure compliance with communication protocols across the financial ecosystem.

Woman using a smartphone, image with orange overlay.

The engineering behind the Card Settlement Bank service is just one of the many solutions delivered by the CWI team in partnership with BV bank. Check out the AI framework that boosted productivity!