Fintech
Marqeta appoints new leader to manage integrated finance boom
The company is eager to continue expansion into new markets, supporting its customers with card issuing and integrated financial features to increase revenue. Its global platform allows customers to launch card products in more than 40 markets through a single integration, reducing time and effort.
Its digital platform is powered by open APIs and gives customers the ability to create more flexible payment experiences. Some of the benefits this can offer include accelerating product development and democratizing access to card issuing technology.
Marqeta’s modern architecture provides immediate access to a cloud-based payment infrastructure, allowing customers to launch and manage their card programs, issue cards and settle transactions.
The company will also issue tokenized, virtual and physical cards to provide detailed, real-time views of accounts and transactions for customers of the new digital bank, Sumeria, which will offer a highly personalized experience through an accessible app.
Sumeria is operated by Lydia Solutions, which Marqeta partnered with in 2019 to power its peer-to-peer payments app. Now, Sumeria aims to make banking easier with its easily accessible app, with Marqeta’s platform enabling dynamic features to ensure security and compliance, offering customers real-time views of their accounts and transactions.
Similarly, Trade Republic is using Marqeta to power an innovative consumer debit card that combines spending and saving for its four million customers. Marqeta first signed the Commercial Republic in 2022.
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