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HomeFinTechUK Green Fintech Tred Winds Up Due to App Fraud Reimbursement Rules

UK Green Fintech Tred Winds Up Due to App Fraud Reimbursement Rules

Date:

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How Tred’s Closure Highlights Challenges in the Green Fintech Sector and the Impact of Regulatory Hurdles

Highlights:

  • Tred, a UK-based green fintech, has ceased operations due to issues related to app fraud.
  • The company’s downfall is attributed to stringent reimbursement rules affecting fraud claims.
  • Tred’s closure underscores the broader challenges faced by fintech companies in navigating regulatory environments.

Tred, a notable player in the green fintech space, has officially shut down, largely due to complications arising from app fraud and reimbursement legislation. This situation not only signifies a significant loss for environmentally-focused finance but also reveals the pressing difficulties that fintech companies encounter with compliance and fraud prevention. As the sector evolves, these challenges may prompt a reevaluation of regulatory frameworks for emerging fintech solutions.

Rinsu Ann Easo
Rinsu Ann Easo
Diligent Technical Lead with 9 years of experience in software development. Successfully lead project management teams to build technological products. Exposed to software development life cycle including requirement analysis, program design, development and unit testing and application maintenance. Has worked on Java, PHP, PL/SQL, Oracle forms and Reports, Oracle, Bootstrap, structs, jQuery, Ajax, java script, CSS, Microsoft Excel, Microsoft Word, C++, and Microsoft Office.

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