US card issuing platform Marqueta has partnered with Swissquote to provide an app-based card program that offers banking and investing services in a single space.
Marqueta claims it is the first company to offer a platform for modern card issuing and transaction processing. The company said its mission is to remove complexities from payment processing and empower developers to launch products with speed, control and flexibility.
Established in 1996, Swissquote is an online trading platform. The company provides online trading products such as stocks, bonds, funds derivative products and cryptocurrencies, as well as Forex, Robo-Advisory and Mortgages solutions. The company is headquartered in Switzerland but also has offices in Singapore, Hong Kong, Luxembourg, Malta and the UK.
According to Marqueta, the company will be partnering with Swissquote to help power an all-in-one-app that connects banking and trading through a virtual card. Using Marqeta’s open API, the card will enable users to enact a wide range of money management and trading functions including pin reveal, pin change and card freeze.
Swissquote chief sales and marketing officer Jan De Schepper said, “Swissquote prides itself on challenging the status quo and seeking out innovative technology to bring to our clients. With Marqeta, we can offer an app that seamlessly links banking and investing — making it easier for our clients to access financial services and take control of their financial lives.”
Marqeta SVP and managing director Ian Johnson said, “Marqeta is proud to partner with a financial services pioneer like Swissquote to showcase the ever-growing range of capabilities made possible with modern card issuing. Through this partnership, Swissquote clients will have more streamlined access to their accounts and will be better equipped to make financial decisions.”
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