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Thirdstream

www.thirdstream.ca link_icon

Company Market Research Report: thirdstream



Company Overview



  • Name: thirdstream

  • Mission: thirdstream aims to leverage its API strategy to enrich customer experiences and improve efficiency, providing leading identity verification and account opening solutions for financial institutions.

  • Founded: No information is available

  • Founders: No information is available

  • Key People: No information is available

  • Headquarters: 105 - 8 Street South, Lethbridge, AB. T1J 2J4, Canada

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: thirdstream is recognized for its leading solutions in digital transformation, specifically in identity verification and account onboarding for both individuals and businesses. They primarily serve banks, credit unions, and trusts across Canada.


Products



  • Identity Verification

  • Description: Advanced digital identity verification solutions supporting commercial and retail onboarding.

  • Key Features:

  • Remote digital identity verification for customizable consumer experiences.

  • Support for fraud prevention and document management.


  • Deposits

  • Description: Solutions for efficient handling of both retail and commercial deposit onboarding.

  • Key Features:

  • Real-time account funding.

  • Provides seamless online and in-branch experiences.


  • Lending

  • Description: Comprehensive lending solutions with digital consumer and commercial lending capabilities.

  • Key Features:

  • Point of Sale Lending.

  • Digital consumer lending mechanisms that integrate with existing financial systems.


  • Ecosystem

  • Description: An extensive API-driven ecosystem supporting account opening and client onboarding services.

  • Key Features:

  • Innovative, scalable solutions.

  • Designed for anytime, anywhere use on any device.


Recent Developments



  • New Products and Features:

  • Collaboration with Technicost to offer integrated deposit and loan origination capabilities.

  • Partnership with ATB Ventures' Oliu™ for scaling digital ID verification.

  • Adoption by WealthONE Bank of Canada for innovative retail deposits online.

  • Modernized in-person identity verification in partnership with Thales.


  • Certifications:

  • Achieved SOC 2 Type II Certification, underscoring commitment to data security and compliance as of October 11, 2024.


  • Partnerships:

  • Central 1 has enabled thirdstream to deliver customizable origination journeys on its Forge Digital Banking Platform.

  • Long-standing partnership with TCU Financial Group, aiding in system and process optimization since 2013.


  • Other Developments:

  • Rocky Credit Union has selected thirdstream's Retail Deposits platform for its digital account opening service.

  • Participation and sponsorship of CUMAM 2023, supporting over 20 of Canada’s top 50 credit unions.




This report was prepared based on the data available and aimed to provide a comprehensive view of thirdstream's market position, products, and recent activities. For confidential or proprietary information, please consult thirdstream directly through their official communication channels.