UK-based full stack fintech platform TradeCore has selected paytech provider Tribe Payments as the issuer processor for card programmes delivered to its customers.
TradeCore enables fintech firms to build their own banking and investment products, through its banking-as-a-service (BaaS) platform.
Its platform provides fintechs with access to digital banking, card issuing, traditional and alternative investments, cryptocurrencies and KYC or AML products via standardised APIs.
In addition to issuer processing, TradeCore customers will leverage Tribe’s authentication and fraud protection system, which includes a 3D Secure protocol.
They can use this system to directly approve or deny transactions by setting up customer spending rules.
In addition to card issuing, they will be able to use digital banking and investment products as well.
The additional data procured from using these services will allow the partners to identify false positives and allow fintech firms to control transaction authentication.
Tribe Payments chief commercial officer Alex Reddish said: “TradeCore provides a one-stop shop to build and launch new fintech businesses, reducing time-to-market from months and years to a matter of weeks.
“Through TradeCore’s ecosystem, fintechs can access the very best fintech products and services all via APIs to build card programmes that are not just multi-currency but multi-asset – with digital banking, investment and crypto functions.”
TradeCore CEO Stefan Pajkovic said: “Despite cards being front and centre for many fintech propositions, most offerings are pretty basic.
“Our partnership with Tribe Payments will change this by allowing our fintech customers to break the legacy cycle.
“From Advanced Fraud Protection to Open Banking and Strong Customer Authentication, together we are arming fintechs with the services and functions they need to outpace the market.”
Last September, UK-based global payments platform Currencycloud joined forces with Tribe Payments to offer new banking-as-a-service (BaaS) solution to fintechs and banks.