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Thredd launches suite of enhanced compliance and risk services.

Designed to help fintechs and their bank sponsors ensure effective payment programme compliance and risk management capabilities.

Press Team

October 30, 2024

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:

  • Fraud Transaction Monitoring: Powered by Featurespace this solution set provides sophisticated real-time monitoring and controls for card and account-to-account payments, safeguarding against fraud with greater precision.
  • Fraud Management Services: Around-the-clock card payment fraud transaction monitoring and expert advice on fraud strategy and rule definition based on your programme KPI’s.
  • Scam Transaction Monitoring: Safeguards customers and programmes from the growing threat of Authorised Push Payment (APP) fraud.
  • 3D Secure (3DS): A next-generation authentication service enhancing security with flexible customer response options, ensuring compliance, customer trust and enhanced conversion rates.
  • Chargeback Management, Automated Reconciliation and Compliance Reporting: A set of services designed to streamline dispute and chargeback management, simplifying administrative workflows and ensuring regulatory and network compliance, enabling fintechs and their sponsors to operate with greater efficiency, documentation and transparency.
  • Payment Network Support: Services designed to provide expert support with changing card network requirements such as new releases, configurations, and reporting.

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.”

Contacts.
press@thredd.com

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