May 12, 2022 • News by Marketing Skaleet

Skaleet partners with Marqeta to extend card issuing and processing capabilities to its customers! 🤝

Paris, May 12th - Skaleet, a French fintech providing a next-generation Core Banking Platform (CBP) today announces a new partnership with Marqeta (NASDAQ: MQ), the global modern card issuing platform, to enrich its existing ecosystem.

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, customizable cards, price transparency, fraud reduction, or using a lower-cost credit card program, 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

An ambitious technological partnership  💳

Skaleet enables financial institutions to launch new banking products and new experiences at a competitive price. Through its open, modular, and flexible CBP, Skaleet offers customers increased customization 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, and reliable payment solutions through its open APIs. 

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 authorization, 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 programs through pre-built integration.

A common ambition 🚀

Both companies share a common set of values focused on transparency, people, cutting-edge technology and a Best-of-Breed approach. Providing open access to technology is the best way to support mutual growth and deliver better experiences to both companies' end users. Their shared approach to Best-of-Breed encourages them to surround themselves with rapidly deployable products and services to address the new ways customers are using technology. Their ultimate goal is to support their joint customers in Europe and beyond and enable them to continue to disrupt the financial services industry. 

" We saw a seamless cultural and technical fit between our two organizations. We are thrilled to be working with Skaleet to help their current and future European customers develop innovative card programs. "

Vidya Peters - Chief Operating Officer at Marqeta 

" Today, it is essential for financial institutions to be able to innovate quickly and adapt to change. The ecosystem we have built relies on expert partners who are aware of this issue. We are delighted to integrate Marqeta, as the first global card issuing processor sharing the same values as ours. "

Hervé Manceron - CEO & Cofounder at Skaleet 

About Skaleet:

Skaleet, is a French fintech that provides a scalable and flexible next-generation Core Banking Platform (CBP) with an advanced degree of customization. This platform enables financial institutions (retail banks, digital banks, payment and e-money institutions, ...) to better meet their customers' expectations with new and evolving digital financial offers. Skaleet's CBP has already been implemented in more than 34 financial institutions and Skaleet manages over 8 million bank accounts worldwide. Major customers include: Société Générale, eZyness (a subsidiary of La Banque Postale) and Trust Merchant Bank. Since its creation, the fintech has raised €28.5 million from Société Générale and Long Arc Capital, which confirms its ambition to grow internationally. For more information, visit www.skaleet.com, Twitter and LinkedIn.

Press Contact: Rumeur Publique - skaleet@rumeurpublique.fr 

About Marqeta:

Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 39 countries globally. For more information, visit www.marqeta.com, Twitter and LinkedIn.

  • #innovation

  • #fintech

  • #corebanking

  • #payments

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