"proper" is something you really (IMHO) shouldn't ask in the context of music. I'd say, whatever works. Of course, works means "it produces the output" (sound) you want, and/or that others expect.
"proper" in the sense of "orthodox" is only using the fingers. Actually, I don't know how you'd use the thumb. I presume you're not "slapping" with it, because that's really not the same as picking with the fingers.
An anecdote: one of the greatest bassist, Jack Bruce (of Cream fame), apparently only uses one finger for picking (is that even the "proper" term? ;-)). Saw it in a concert on TV once. Weirdly, I had learned to use both middle and index finger in an alternating pattern shortly before that. Was pretty (pleasantly) surprised.
Now I can't stop wondering how you actually play bass. Methinks using the thumb would require having your hand in a pretty "unusual" ("improper"/"unorthodox" ;-)) position.