Tribe Payments' Digital Banking Solution is a comprehensive, API-based platform designed to enable fintechs and financial institutions to rapidly deploy white-label digital banking services. This solution combines front-end digital wallet capabilities with robust back-end banking functionalities, allowing users to manage virtual and physical cards, perform bank transfers, and process cryptocurrency payments. By leveraging Tribe's technology, businesses can launch customized digital banking products within weeks, catering to the evolving demands of digital-native consumers.
Key Features and Functionality:
- Rapid Deployment: Tribe's API-driven platform facilitates the swift launch of digital banking products, enabling market entry in a matter of weeks.
- Versatile Payment Options: Users can create new accounts and accept payments through various methods, including cards, alternative payment options, and cryptocurrencies. The platform supports payments via cards, crypto, Faster Payments, SEPA, SWIFT, BACS, Direct Debits, Peer-to-Peer, Card to Card, and bulk payments.
- Customization Capabilities: The solution allows for tailored user experiences by supporting affiliate programs, categorized client benefit groups, real-time SMS and email notifications, online chat facilities, newsletters, and support ticketing systems.
- Regulatory Compliance: Tribe ensures PCI compliance for virtual card experiences, securely displaying sensitive information such as PANs or PINs. Additionally, the platform offers a proprietary 3D Secure solution to meet PSD2 Strong Customer Authentication requirements.
- Fraud Prevention: The platform includes an advanced fraud tool featuring real-time transaction monitoring, a risk scoring system, and management tools, empowering compliance and risk teams to adopt a risk-based approach to fraud management.
Primary Value and User Solutions:
Tribe Payments' Digital Banking Solution addresses the critical need for fintechs and financial institutions to quickly and efficiently launch digital banking services without extensive development overhead. By providing a modular, customizable platform, Tribe enables businesses to offer a wide range of payment options and banking services, enhancing customer satisfaction and engagement. The solution's emphasis on compliance and fraud prevention ensures secure and trustworthy transactions, while its rapid deployment capabilities allow companies to stay competitive in the fast-paced digital banking landscape.
