According to the European Central Bank, the number of cards carried per inhabitant in EU member countries ranges from 0.8 to 3.91. And for many financial institutions, offering credit/debit cards is now a necessity. But between virtual cards, customisable cards, price transparency, fraud reduction, or using a lower-cost credit card programme, financial institutions must be able to choose the best solutions without repercussions or additional costs for customers.
Faced with these technological and business challenges, Skaleet chose a partner that could offer to current and future customers a turnkey solution covering core banking and card issuance.
Skaleet enables financial institutions to launch new banking products and new experiences. Through its open, modular, and flexible Core Banking Platform (CBP), Skaleet offers customers customisation of its solution in a limited time. Founded in 2010, Marqeta is focused on simplifying payment transactions and offers a scalable and reliable platform for customers across industries. Enabled in 39 countries in EMEA, APAC, and North America, Marqeta is a modern card issuing platform and has enabled the development and launch of innovative payment solutions through its open APIs, as stated by the official press release.
The partnership between Skaleet and Marqeta is manifold. From a technology perspective, Marqeta's application programming interface (or API) is integrated into Skaleet's platform. As a result, Skaleet can leverage Marqeta's API to create cards, manage authorisation, and process cards to accelerate time to market, reduce technical resource requirements, and lower launch costs for financial institutions. Through this collaboration, Skaleet is expanding its capabilities, as customers can now leverage Marqeta's technology to create and launch innovative card programmes through pre-built integration.
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