Tuum and Marqeta partner on pre-integrated card issuing solutions

By Gloria Methri

Tuum and Marqeta have partnered to offer a pre-integrated FinTech solution, accelerating time to market for Tuum’s customers by working with Marqeta’s open API platform. European banks and FinTechs will be able to build flexible card programs that deliver modern digital payment experiences while saving resources, time, and money.

Marqeta’s card issuing platform, which is certified to operate in 40 countries, empowers its customers to create customised and innovative payment cards. The platform is powered by open APIs, democratising access to card-issuing technology and giving customers the ability to build more configurable and flexible payment experiences.

As a result of the new partnership, companies that already use Tuum’s cloud-native, next-generation core banking solution will be able to launch and manage their own card programs, issue cards, and authorise and settle transactions.

The partnership combines Tuum’s sustainable core banking solution with Marqeta’s digital payment experiences to be more efficient for customers. The time-to-market of embedded financial services is not only accelerated but also cost-effective and can be tailored to meet the customers’ individual needs.

Jeff Parker, SVP and Managing Director, International at Marqeta said, “We are thrilled to announce our partnership with Tuum, and through this collaboration, we will provide a pre-integrated FinTech solution that leverages our open APIs, tokenisation as a service, Just-in-Time gateway funding and other market-leading features. Financial services innovators can build, test, launch, and iterate modern and scalable card programs from the ground up, on their terms, delivering a customised card product that fits their needs best.”

Jean Souto, VP Global Partnerships at Tuum said, “To keep up with the current pace, it is becoming increasingly important for banks and FinTechs to offer modern digital payment experiences to consumers, and we are excited to help them take this step through our collaboration with Marqeta. While our next-generation core banking platform gives them the security and reliability they need for the future, the pre-built integration allows them to create their own card programs and deliver highly personalised experiences to consumers.”