Tuum and Marqeta join forces for pre-integrated solution for banks and fintechs

Rick Steves

“We’re thrilled to announce our partnership with Tuum, and through this collaboration, we’ll 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.”

Tuum has partnered with Marqeta to leverage its open API platform to accelerate time to market for Tuum’s customers and offer a pre-integrated fintech solution.

The Tuum-Marqueta partnership will enable European banks and fintechs to build flexible card programmes powered by Marqeta’s modern card issuing platform, which is certified to operate in 40 countries, and empowers its customers to create customized and innovative payment cards.

The company’s platform is powered by open APIs, which democratizes access to card issuing technology and gives customers the ability to build more configurable and flexible payment experiences.

As part of the integration, Tuum’s clients that leverage its cloud-native core banking solution will be able to launch and manage their own card programmes, issue cards and authorize and settle transactions.

Embedded finance is a significant trend, and banks and fintechs are looking to deliver highly personalized customer experiences, through highly configurable core banking and issuer processing platforms.

Pre-built integration allows banks and fintechs to create card programmes

Jeff Parker, SVP and Managing Director, International at Marqeta, said: “We’re thrilled to announce our partnership with Tuum, and through this collaboration, we’ll 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 programmes from the ground up, on their terms, delivering a customised card product that fits their needs best.”

Jean Souto, VP Global Partnerships at Tuum, commented: “To keep up with the current pace, it’s becoming increasingly important for banks and fintechs to offer modern digital payment experiences to consumers, and we’re excited to help them take this step through our collaboration with Marqeta. While our cloud-native, 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 programmes and deliver highly personalised experiences to consumers.”

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