Thredd Highlights Microservices to Boost FinTech Scalability in Payments

The growing demand for agility and innovation in FinTech has led to the rise of customized payment experiences that offer flexibility through a platform approach, according to PYMNTS. This allows companies to access various services without needing to build them from scratch.

Edwin Poot, CTO of payment processor Thredd, emphasized the need for seamless payment experiences, where consumers can easily use mobile phones to make payments in-store or online. Ideally, the platform should determine the best payment method, whether it’s credit, debit, or BNPL (Buy Now, Pay Later), without any user input.

Poot noted that cloud computing has revolutionized how businesses adapt to change and scale, saying, «The evolution of the cloud and cloud computing over the years has allowed technology overall to evolve faster.» Thredd’s clients, particularly FinTechs, can quickly test and launch new virtual cards and other financial products using Thredd’s APIs.

In a serverless environment, scaling is made easy, according to Poot. He explained, «We can simply scale up and down seamlessly and elastically without any downtime.» Microservices also allow Thredd to implement smaller, more frequent updates, ensuring customers’ evolving needs are met.

Thredd’s platform offers customizable features like fraud and risk control without requiring extensive coding. Poot added, “Every time we integrate a new third party or capability into our ecosystem, our customers can actually use them straight away.”