Press Team
October 22, 2024
Designed to help fintechs and their bank sponsors ensure effective payment programme compliance and risk management capabilities.
Press Team
London, 30th October 2024 - Thredd, a leading next-generation global payments processor, today announced the launch of its suite of enhanced compliance and risk management services, designed to help fintechs, programme managers and their bank sponsors address heightened concerns through new tools designed to deliver greater efficiency, oversight and go to market speed at a better cost.
“Across the globe, the dialogue about compliance and risk has changed and it has become increasingly challenging for emerging fintechs and bank sponsors to keep pace. We’re responding by meeting clients where they are by being equally committed to the back office as we are to global transaction processing,” said Jim McCarthy, CEO of Thredd. “It’s about more than following the rules. This suite addresses specific factors that challenge today’s fintechs, programme managers and bank sponsors.”
Thredd’s new, best-in-breed services are designed to address clients’ and partners’ growing concerns regarding the complexity and cost of managing compliance and risk across multiple operational fronts and geographies. As such, the suite combines several interrelated services and new oversight controls not typically available in one place.
With the ability to be configured and adapted to clients' regulatory, card network, product profiles and resources, the suite’s back office capabilities and features include:
In addition, these new services are designed with global passporting in mind, supporting clients and their local sponsors in simplifying and accelerating their entry to new geographies.
“Our goal at Thredd is to help our client base both protect and grow their programmes—and this suite delivers on this promise,” noted Ava Kelly, Thredd’s Chief Product Officer. “This suite of services significantly simplifies key elements of our client’s payments programmes by combining best-in-breed services in a package not typically available cost-effectively to the fintech market.”
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