Card issuing and payment processing platform Marqeta has joined the Temenos MarketPlace, an ecosystem of fintech solutions for banks.

The move will provide banks in the marketplace with access to Marqeta’s technology to accelerate time to market of products.

Particularly, the financial institutions will be able to access Marqeta’s open API, Tokenization as a Service, Just in Time Gateway funding, among other functionalities.

Marqeta Europe managing director Ian Johnson said: “We’re impressed by Temenos’ work in curating the best of modern fintech solutions in one place for the benefit of forward-thinking and innovative financial institutions around the world.

“By working alongside Temenos and other modern solutions within its MarketPlace, we’re able to support the ambitions of businesses who might wish to call upon a range of expertise from within today’s fast-evolving payments ecosystem.

“Indeed, it’s clear that the future of payments is platform-based, and this partnership is about helping as many businesses as possible take advantage of the opportunities this landscape offers.”

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By GlobalData

Temenos MarketPlace was launched in 2015. It includes fintech solutions that will add value to bank operations.

Temenos Innovation and Ecosystem product director Martin Bailey said: “In the face of increased competition and rising expectations, banks must compete on experience to attract and retain customers and grow share of wallet.

“Agility and speed to market are key. This latest addition to the Temenos MarketPlace offers a pre-integrated solution for banks to create a tailored payment experience and build card programmes in hours, not months.”

Earlier this month, Temenos partnered with Minsait to offer consulting services to lenders looking to digitise their banking technology.