Goldman Sachs has chosen card issuing platform Marqeta to help deliver its new digital chequing accounts, which will launch this year.

Marcus by Goldman Sachs is a digital chequing product that will utilise Marqeta’s APIs and webhooks.

Goldman Sachs, which has ambitions to be the leading digital consumer bank, said that chequing will help it better address the financial needs of its customers.

“We take pride in providing best-in-class solutions to our customers and embrace the opportunity to work with partners like Marqeta on our journey,” said Omer Ismail, global head of consumer business at Goldman Sachs. “Leveraging Marqeta’s global platform will allow us to create a personalized, feature-rich banking experience better enabling us to serve our checking customers.”

Jason Gardner, founder and chief executive of Marqeta said: “We’re incredibly proud to work with Marcus by Goldman Sachs to help power this work, which we think is a true validation of the power of our technology.

He added: “Our modern card issuing platform helps digital innovators build the sorts of customer experiences that can be industry game changers, and we’re looking forward to working alongside Marcus to bring a powerful new digital banking experience to life.”

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