Vivi Money launches AI financial platform with Visa

Vivi Money has launched an AI-native financial platform built on Pismo infrastructure and connected to Visa's global payments network, adding a Visa debit card and savings products to its offering.

The Australian fintech said the platform brings together open banking data, transaction accounts, savings accounts and AI-led financial analysis in one service. Customers can connect accounts, loans and savings held at other institutions, allowing the platform to assess cash flow, liabilities and interest costs in real time.

Pismo will provide the core banking infrastructure for Vivi's transaction and savings accounts. The Visa spending account will run on Visa's network through Novatti's BIN sponsorship arrangement.

The initial product suite includes a globally accepted Visa debit card, foreign exchange pricing aimed at travellers and high-interest savings accounts. Vivi said the service is designed to help users move money, adjust repayments and shift surplus cash between products as their financial circumstances change.

Platform build

The deal adds to Pismo's work in Australia and New Zealand, where it is seeking more business from banks and fintechs looking for newer banking systems. Vivi is using Pismo's application programming interfaces as part of its technology stack, with the provider supporting both debit and savings products on one platform.

The companies said Vivi chose Pismo partly because its modular structure allows new products and features to be introduced more quickly than on older banking systems. It also gives the fintech a base for expansion into other markets where Pismo already operates.

At the centre of Vivi's model is open banking data, which brings multiple financial relationships into a single view. Vivi said the system can then identify repayment options, savings balances and cash allocations that may better suit a customer's position.

That places Vivi among a growing group of fintechs trying to move beyond budgeting tools and account aggregation into direct action on behalf of customers. Rather than simply showing spending and balances, these platforms aim to help users change how their money is distributed across accounts, debt and savings.

"Supporting both debit cards and savings products on a single, cloud-native platform showcases the full strength of our architecture," said Varun Dudeja, Head of Business Development, APAC, Pismo. "Vivi Money is building the future of personal finance, and they need a platform to enable flexibility, agility and the reliability of enterprise-grade core banking."

Target users

Vivi's first customer group is expected to be digitally focused consumers who travel frequently and want spending and savings products that work across borders. The inclusion of foreign exchange pricing and a globally accepted debit card points to an early focus on people managing money in more than one country or currency.

The company describes its product as a financial layer sitting above traditional banking relationships rather than replacing them entirely. Users can keep existing accounts elsewhere while using Vivi to monitor and manage their broader finances alongside the company's own spending and savings products.

Competition in this segment is increasing as fintechs look for ways to stand out in a crowded market for personal finance apps, cards and savings accounts. Many have focused on cashback, budgeting or lower fees, while others are turning to artificial intelligence to drive more tailored recommendations and automated actions.

For infrastructure providers such as Pismo, partnerships with fintechs can also serve as a route into wider regional markets. Support for deposit accounts and card issuing on a single platform is a feature they are increasingly highlighting as banks and start-ups seek to replace older, fragmented systems.

Visa's role gives Vivi access to an established international payments network, while Pismo handles the account-processing layer behind the service. The structure reflects a common financial technology model in which specialist providers supply regulated and technical components that are combined into a consumer-facing product.

Will Cormack, CEO and Co-founder of Vivi Money, said Pismo and Visa provide the infrastructure foundation needed for the company to scale globally.

He said Vivi Money is Australia's first financial platform of its kind to integrate a sophisticated conversational AI experience directly into a live financial services environment, delivering proactive, personalised AI-initiated money management in real time.

Cormack said the company aims to change how customers manage their money through automation and direct action. "We didn't build Vivi to be another version of what's already out there; we built it to change how people interact with their money, using AI to make it simpler to understand, move, and act upon. But this is just the beginning. We already have several new capabilities in development that will roll out shortly after launch," he said.