FinTech TradeCore selects Tribe Payments as its issuer processor

By Megha Bhattacharya

Payment technology provider Tribe Payments announced that full stack FinTech platform TradeCore has selected it as its issuer processor. The collaboration will see Tribe Payments act as a issuer processor for card programmes delivered by TradeCore to its customers. The FinTech’s customers will use Tribe’s authentication and fraud protection system which includes an advanced 3-D Secure protocol. The system will allow the FinTech’s customers to approve or deny transactions directly through custom spending rules.

Stefan Pajkovic, CEO of TradeCore said, “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’re arming fintechs with the services and functions they need to outpace the market.”

According to the companies, the additional data based on the use of these services allows them to more accurately identify false positives and put FinTechs in control of transaction authentication.

Tribe Payments is an issuer and acquirer processor, and payment technology provider to banks, FinTechs and aims to offer payment services to merchants and consumers. It also provides a digital wallet, access to banking systems and rails, a payment gateway and a host of third-party services from KYC to fraud prevention via its online marketplace.

“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. This isn’t just about technology, it’s about the ecosystem it offers,” said Alex Reddish, Chief Commercial Officer at Tribe Payments.

“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. Working together, we can help fintechs deliver propositions that are truly dynamic and differentiated.”

Recently, Tribe Payments announced the release of Open Banking APIs in partnership with Open Banking Europe. The development will allow the FinTech’s clients to leverage Open Banking without the need for creating their own APIs. The FinTech stated that its Open Banking APIs allow banks and FinTechs to initiate data and payment requests within their existing online or mobile payment flows. The APIs also connect TPPs (Third Party Providers) with Tribe’s clients to process that request.