LEVERIS selects Marqeta to integrate modern card capabilities

By Megha Bhattacharya

Ireland-based banking technology company LEVERIS has teamed up with global card issuing platform Marqeta to integrate its modern card capabilities within the FinTech’s digital banking platform. The partnership enables the company to rapidly build, issue and deploy new payment and finance solutions through card products. It will allow banks and non-banks using the LEVERIS platform to provide card users with more control and a greater customer experience when it comes to spending.

Conor Fennelly, founder and CEO at LEVERIS, said, “We are very pleased to announce this partnership with Marqeta. With its support, LEVERIS can help its clients launch new customised card products that have much more flexible controls and features. Both companies share the same vision to use great technology to make banking and financial services better. As LEVERIS continues to scale, this partnership will help us widen our footprint. We look forward to our teams working closely together in the months and years ahead.”

The collaboration will allow the FinTech to facilitate the issuance of virtual, physical and digital debit cards for multiple use cases. LEVERIS clients will have the ability to create virtual cards in real-time and push them instantly to mobile wallets.

Recently, the company announced a partnership with ComplyAdvantage in a bid to ensure seamless and AML-compliant onboarding experience for customers. ComplyAdvantage’s suite of financial crime detection tools will be integrated into LEVERIS Digital Bank’s workflow.

Ian Johnson, SVP, Managing Director, Europe at Marqeta, said, “Marqeta is delighted to be partnering with LEVERIS – a forward-thinking innovator in the digital banking and lending platform space. There’s a close synergy between the two companies with LEVERIS’ ambitions certain to maximise Marqeta’s modern card payment processing technology.”