Open API banking platforms Mambu and Marqeta partner
Marqeta, the first global modern card issuing platform has announced a new partnership with Mambu, the leading provider of cloud banking services. The partnership provides Mambu’s customers with access to Marqeta’s card processing technology, uniting two companies with strong commitments to delivering transparency and control through open APIs, as well as rapid speed to market by putting customers in control of the development process.
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Mambu’s cloud banking platform is already used by industry defining banking pioneers like N26, OakNorth and ABN AMRO’s New10. It enables the customers to build out a highly configurable core platform by allowing them to easily integrate with a pre-selected range of best-for-purpose partners. This approach allows companies to strip back on development and integration resources, so they can concentrate on what they specialise in: building a first-class customer proposition and marketing this.
Mambu’s ethos resonates firmly with Marqeta whose modern card issuing platform puts the customer firmly in control by providing access to over 280 APIs on its website as well as an open sandbox environment. Customers can experience the power of Marqeta’s processing platform by signing up to the sandbox within moments and then building and testing card functionality. With Marqeta, the only constraints to launching a card programme are the speed at which they can develop at.
“Mambu is providing a world class platform addressing key challenges around how to continually deliver and accelerate innovation in the payments space without consistently being restrained by technology,” said Ian Johnson, Head of European Growth at Marqeta. “There’s a strong alignment between our two organisations, not just in terms of our product vision but culturally too. We are very excited by the power of our joint proposition and the significant benefits customers will derive from it.”
“Mambu is focused on creating a rich ecosystem of payment pioneers, providing our customers with fast and easy access to services that allow them to create compelling products for their end-customers,” said Ben Goldin, Chief Technology & Product Officer at Mambu. “We are delighted to welcome Marqeta into this ecosystem and see them being a valuable partner in allowing our customers to rapidly drive innovation with their card product portfolio.”