About the author: Raul Leyva is a Director of Product Management and the Marqeta for Banking lead. With over 15 years of experience in electronic payments, he is leading our digital banking team in their mission to empower customers with the ability to deliver differentiated banking experiences globally.
Given we are a developer first company, we value your voice and want to make sure we offer everything you need to build a well rounded solution. With that being said, we are excited to announce the launch of “Marqeta for Banking,” a portfolio of seven banking and money movement products that represents an expansion of our modern card issuing platform*.
Similar to Marqeta’s card issuing platform, this new portfolio of products has been designed with our developer community in mind. Marqeta for Banking is anchored by modular deposit account and money transfer capabilities offered through Marqeta’s bank partners, all integrated into our modern card issuing platform, allowing any digital-first business to create customized end-to-end banking services.
We wanted to deliver banking APIs built from the ground up, providing customers the flexibility and speed they need to launch innovative banking propositions that appeal to consumers. With well-documented APIs, real-time data insights and a customizable platform, you can build and deliver differentiated banking experiences at scale. Find Guides and API documentation for the full suite here.
Rather than using multiple vendors, you can now combine modern card issuing and digital banking tools to create an end-to-end banking solution all on one platform. A single source of truth will enable unified, richer and deeper data sets that will empower you to do more with your banking program.
We continue to see a rapid digital transformation in financial services and our investment in banking solutions allows us to empower a diverse set of customers and use cases including:
- Brands wanting to deepen customer relationships by launching card products and provide financial services and money movement functionality
- Fintechs expanding their value proposition with differentiated banking experiences
- Banks launching new features or transforming their offering by migrating an existing program to a more modern tech stack
Our customers, including Coinbase, Branch and Fold, are already using parts of the Marqeta for Banking products, bundled with card issuing and processing services, illustrating the modular and flexible nature of this product expansion.
"We first utilized Marqeta's platform to help bring Coinbase Card to market, providing our customers the ability to earn crypto rewards and easily make everyday purchases with their crypto," said Sanchan Saxena, Vice President, Retail Product at Coinbase. "As we continue our commitment to building safe, trusted, and easy-to-use products that make spending and earning cryptocurrency seamless, we've seen many benefits from the flexibility of Marqeta's banking as a service tools."
We’re thrilled to offer this new suite of services to our developer community to help bridge the gap between modern card issuing and modern banking solutions. Discover the possibilities of Marqeta for Banking.
*Marqeta is not a bank. Marqeta provides a technology platform to enable its customers to build out products using services offered by its bank partners.
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