The private digital bank BankPro, based in The Bahamas, has announced a strategic partnership with Thredd. The partnership will enable BankPro’s physical and virtual debit and credit card programs. It will also improve the bank’s payment infrastructure for its international clients.
Thredd will integrate with BankPro’s unified platform and single API to power premium cards. The result is a modern, secure card experience for clients. Thredd’s global, cloud native, bank grade platform is leveraged by BankPro as part of the partnership. This will enable BankPro to provide modern payment solutions to international high-net-worth clients.
“We are delighted to partner with Thredd to elevate our card programme to the next level,” said Loizos Theofanous, Chief Operating Officer of BankPro. “This isn’t just about issuing cards, it’s about leveraging a modern, global platform that provides the speed, control, and flexibility we need to support our ambitious growth. Thredd’s AI-first technology and proven track record with major fintechs and banks make them the ideal partner to enhance the experience for our sophisticated clients.”
BankPro Expands Premium Card Services
Through this partnership, BankPro can move forward with its plan to enhance its premium products. It’s a mix of the best of e-banking technologies with new payment solutions. Two card products are going to be introduced thanks to this cooperation between BankPro and Thredd Visa Platinum debit cards and Visa Infinite credit cards.
New card programmes are going to present several advantages for BankPro clients. First of all, customers can get access to their virtual cards right after they register or apply for the service. A quicker issuance of a card is going to enhance the digital banking experience.
In addition, BankPro will be able to provide digital wallet support due to the partnership. The clients will be able to load their cards on Apple Pay and Google Pay. As a result, they will be given the opportunity to make convenient, contactless payments with the ability to use their card in two popular digital wallets. This will make the process of making everyday payments much easier.
The card programmes will also feature enhanced security and spending controls. BankPro clients can be benefited by providing them with granular spend controls and merchant limits. Moreover, AI-enabled fraud monitoring will provide an additional layer of protection. The technology will also empower clients and the bank with more visibility over card activity.
Thredd Contributes to Scalable Payment Infrastructure
The partnership creates opportunities for BankPro to respond to new developments in the card industry with maximum flexibility. Thredd’s platform allows the bank to introduce its new card products and services quickly. Consequently, there is a possibility to respond to new customer needs faster. The platform also allows finding new possibilities for creating the international payment infrastructure.
This flexibility is very relevant in the modern world of digital banking. Private banking clients expect to get instant financial services. Premium cards provided by the bank are just the reflection of customer expectations and traditional banking safety principles.
“Private banking clients increasingly expect the same immediacy, control and digital experience from their cards that they receive from the best consumer fintech products, without compromising the security and reliability they expect from their bank,” said Jim McCarthy, Chief Executive Officer at Thredd. “BankPro understands that expectation and has built its proposition around serving a sophisticated, global client base. We’re proud to provide the issuer processing infrastructure, digital capabilities and payments expertise that will help BankPro continue to differentiate that experience and scale its card programmes with confidence.”
The collaboration reflects BankPro’s broader digital banking strategy. The bank continues to work with established technology providers to strengthen its services. Meanwhile, Thredd brings issuer processing infrastructure and payments expertise to the programme. Its AI-first technology also supports BankPro’s focus on modern payment capabilities.
So the partnership marries digital banking with scalable card issuing technology. It also enhances the payment experience for high-net-worth BankPro clients who travel abroad. Ultimately, the partnership supports BankPro’s goal of providing an integrated digital private banking experience. This also corresponds to the bank’s strategy of working with global technology providers.
The partnership will enable BankPro to expand its premium credit and debit card offerings. At the same time, clients enjoy the benefits of faster issuance, digital wallets and extra security controls.
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News Source: Businesswire.com
