Money20/20: Thredd Sets New Path for Global Card Processing
In an exclusive interview with FinTech Magazine at Money20/20, Ryan Dew, Global Head of Product Solutions at Thredd, discusses how the global issuing processor is reshaping the landscape for banks and fintechs seeking international expansion.
Navigating Global Compliance
“Knowledge of global compliance and what is required as companies enter new markets remains the number one challenge for fintechs,” says Ryan.
Thredd's approach centres on providing comprehensive support through a dedicated compliance team and a global playbook that guides clients through regulatory requirements across different jurisdictions.
The company has invested heavily in building a team of compliance experts who provide hands-on guidance through market entry processes.
“We bring a level of expertise, helping clients set up and understand the regulatory landscape and passport into new markets to spin up their value propositions as quickly as possible,” Ryan explains.
Accelerating Market Entry
A key differentiator for Thredd is its focus on rapid market deployment through a combination of technology and expertise.
The company has developed a comprehensive global playbook that provides step-by-step guidance for entering new markets.
“Where we really help our fintech partners is by bringing a level of expertise, helping them set up and understand the regulatory landscape and helping them passport into new markets as quickly as possible,” Ryan says.
This approach is supplemented by a suite of value-added services designed to streamline the launch process. The platform integrates essential services that fintechs need to operate effectively in new territories, from compliance tools to fraud prevention systems.
Evolving Bank Sponsorship Landscape
Bank sponsorship has emerged as a critical focus area for Thredd, with the company developing specialised tools for BIN sponsors.
“Bank sponsorship has never been more important to fintechs than it is today,” Ryan notes. “We're providing tools that give sponsors oversight into the programmes they're supporting and automate many of the labour-intensive compliance requirements.”
These tools include back-office automation, global reporting for AML and KYC, automated chargeback and disputes, and scheme integrations.
This comprehensive approach has positioned Thredd uniquely in the market, as Ryan explains: “We've taken the approach that this is a potential product offering that helps us differentiate in the market over other processors.”
“We're providing tools that give sponsors oversight into the programmes they're supporting and automate many of the labour-intensive compliance requirements”
Strategic Partnerships
The company has established a network of strategic partnerships to enhance its service offering, particularly in emerging markets.
Through these collaborations, Thredd provides integrated services that address specific regional challenges. A notable example is their global partnership with Featurespace, which enhances fraud prevention capabilities across the platform.
This partnership model allows Thredd to offer pre-integrated solutions that significantly reduce implementation time and complexity for clients exploring new territories.
“It's really about making sure that as you're moving into new markets, particularly where you don't have expertise, you partner with the right providers that can support you and offer guidance.
“That is probably the number one thing that fintechs struggle with, and that's where partners like Thredd can assist.”
Explore the latest edition of FinTech Magazine and be part of the conversation at our global conference series, FinTech LIVE.
Discover all our upcoming events and secure your tickets today.
FinTech Magazine is a BizClik brand
