A strategic evolution for Thames Technology
After careful evaluation, Thames Technology has taken the difficult decision to exit the financial PVC card market and laser focus its efforts and investments on financial metal card and retail card business lines.
In recent years, the company has invested millions of pounds to cement its strategic position as the only manufacturer of financial metal cards in the Europe, Middle East, and Africa (EMEA) region. Thames Technology will now be able to further develop its metal card manufacturing capabilities, with a focus on delivering world-class services and high-quality products to the industry in a variety of card structures.
Additionally, Thames Technology is committed to further strengthening its presence in the retail market by maintaining industry-leading environmental standards, enhancing fraud prevention measures, customer experience and engagement and introducing cutting-edge technologies such as contactless sustainable board cards.
The decision has not been taken lightly but will enable Thames Technology to focus its expertise and investments towards areas where the business can deliver greater value, foster innovation, and ensure a strong and sustainable future and long-term growth.
Thames Technology extend its sincere gratitude to its valued customers, partners and other stakeholders for their trust and collaboration over the years. The company is dedicated to providing guidance throughout this transition, working closely with everyone to minimise disruption.
Commenting on this strategic shift, Che Colford, General Manager at Thames Technology, said:
“This was an extremely difficult decision to make, and we totally understand that this change will have a significant impact on our clients, partners and staff.
“The move has been given due consideration and has been made to ensure our long-term growth and enables us to shift our focus towards expanding our retail and metal card production where we can deliver greater value, foster innovation, and ensure a strong and sustainable future for our company.
“We deeply appreciate the trust and support of our clients over the years. We recognise that this transition may bring challenges. Our team is available to provide support and answer any queries to help our clients navigate this change as smoothly as possible. We remain committed to delivering the highest value to our clients and partners going forward by driving innovation and enhancing our services.
