BankPro, a private digital bank headquartered in The Bahamas serving high-net-worth clients internationally, has partnered with Thredd, an AI-first issuer processing platform, to power its physical and virtual debit and credit card programmes. The partnership runs through Thredd’s cloud-native, single-API platform and covers BankPro’s premium card products, Visa Platinum debit cards and Visa Infinite credit cards.
The collaboration brings four specific capabilities to BankPro’s card programme: virtual cards that can be generated instantly for immediate use upon onboarding, seamless provisioning of cards into Apple Pay and Google Pay, AI-enabled fraud monitoring alongside granular spend controls and merchant limits, and a single platform designed to let BankPro launch new card products without rebuilding infrastructure each time.
Loizos Theofanous, Chief Operating Officer of BankPro in The Bahamas, framed the partnership as being about more than card issuance itself, tying it directly to the bank’s broader growth ambitions. “We are delighted to partner with Thredd to elevate our card programme to the next level,” Theofanous said. “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.”
Jim McCarthy, Chief Executive Officer at Thredd, positioned the deal around a specific expectation gap he sees in private banking, clients wanting fintech-level convenience without losing bank-grade security. “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,” McCarthy said. “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.”
Thredd says it already serves more than 100 fintechs, digital banks, and embedded finance providers across 50-plus countries, processing billions of transactions annually, positioning itself as infrastructure built specifically for speed and modern issuance models rather than a legacy processing system retrofitted for newer use cases.
For BankPro’s own clients, the practical change should be a card experience that behaves more like the fintech apps they already use daily, instant virtual cards, one-tap digital wallet setup, without losing the oversight and security a private bank is expected to provide. The more significant shift is happening behind the scenes: a boutique private bank serving a specific, high-net-worth niche is choosing to build its card infrastructure on shared, third-party rails rather than maintaining its own, an increasingly common trade-off as even smaller, specialized banks compete against fintechs that were built digital-first from day one.
Herald View: BankPro isn’t trying to out-build fintech card infrastructure in-house, it’s renting best-in-class rails and focusing its own effort on the client relationship and wealth side of the business. That’s a sensible division of labour, and probably the only realistic path for a bank of BankPro’s size to compete on digital experience against much larger, better-resourced institutions. The interesting question isn’t whether this partnership works technically, infrastructure partnerships like this usually do. It’s whether BankPro’s high-net-worth clients actually notice or care, or whether “instant virtual cards” and “AI fraud monitoring” are now simply the baseline expectation at any bank serious about this segment.