Marqeta is supporting the development and launch of three new digital banks across the UK and Europe
Marqeta, the global modern card issuing platform, announced that it has won three new digital banking clients in the UK and Europe, with all expected to go live with Marqeta in 2021. Its European Digital Banking solution has been adopted by Dozens, P.F.C. and Novus to power payments, instantly issue cards and drive innovation.
“Marqeta will be a vital partner for us as we get ready to launch next year, helping us to speed up time to market while also empowering us to customise features and scale quickly our impact- and sustainability-driven proposition”
Dozens, which takes people on a journey from spender to saver to investor with a current account, budgeting and saving tools and access to investment products, and P.F.C., a Swedish neobank, are making the switch to Marqeta from incumbent providers. Novus, a sustainable digital bank, plans to launch its programme in 2021.
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Marqeta’s European Digital Banking Solution helps banks and fintechs to build, test and continuously refine card programmes. The flexible platform enables Marqeta’s customers to innovate at speed, allowing them to develop new features and programmes that integrate with existing systems and software. The platform provides instant virtual card issuing capabilities and offers advanced spend controls to engage users and grow card use. Marqeta’s feature-rich APIs are highly configurable and scalable, allowing banks and fintechs to access actionable, real-time transaction data to drive program improvements.
“Dozens’ mission is to help our customers manage, save and grow their money. As our business evolves and we add new services to provide our customers with more choice, it was key for us to partner with a new payment processor that would enable us to become more agile,” said Aritra Chakravarty, Founder and CEO of Dozens. “Marqeta is that perfect partner – its API-led approach gives us the control we need to customise our new Visa debit card product, while also helping us to create a new offering for our B2B brand Pi1. So, in addition to Dozens customers enjoying their new cards, Pi1 clients taking our Visa cards with Marqeta processing can now enjoy additional out-of-the box features like merchant reconciliation, metadata from Google Maps and Places APIs, access to our fraud systems and more, making it a cutting-edge combination of card issuing and processing.”
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