Marqeta Unveils First Generative AI Investments, Announcing External-Facing Bot and Internal Code Generation Tool that Optimizes Task Efficiency Up to 75 Percent
2023年8月15日 - 8:00PM
ビジネスワイヤ(英語)
Marqeta’s first external-facing generative AI
tool, Marqeta Docs AI, simplifies the process of launching embedded
finance solutions on its platform, reducing the overall time to
value (TTV) for its customers.
Marqeta (NASDAQ: MQ), the global modern card issuing platform,
unveiled Marqeta Docs AI, an AI-powered external-facing question
and answer tool, in addition to early test results from its
internal code generation tool that reduced the amount of time spent
on coding and testing tasks by up to 75%. These purpose-built
solutions represent the first steps in enabling generative
artificial intelligence (AI) on the Marqeta platform, created to
reduce time to value (TTV) for its customers.
Marqeta Docs AI is a generative AI tool powered by OpenAI’s
Large Language Models to allow Marqeta customers to quickly
navigate through the Marqeta Docs site. With the AI tool, its
customers can ask questions and find answers to individual use
cases, gaining a faster understanding of its offerings and the
complexities of creating payment solutions. This tool is a further
proof point of how Marqeta continues to innovate on its platform to
make it easier for its customers to integrate with its APIs, embed
payments and financial services solutions in their products and
instantly generate new revenue streams and increase their
customer’s loyalty. Marqeta Docs AI is currently in beta with plans
for general availability later this quarter.
Interest in generative AI boomed across industries in late 2022,
and the demand for dynamic AI solutions in financial services is
expected to grow over the next decade. Market.us forecasts that the
generative AI market in fintech will exceed $6.25 billion by 2032,
rising from 865 million in 2022. The release of its external-facing
generative AI solution represents Marqeta’s ability to quickly
develop and launch innovative AI solutions, with plans to implement
additional tools in the future.
“Generative AI has become a global phenomenon. The majority of
companies today are thinking about how they can leverage it to
increase productivity and output,” said Wendy Li, Senior Vice
President of Emerging Technologies at Marqeta. “Marqeta is
investing in emerging technologies and the potential impact they
can have on our customer’s business, and generative AI is one of
the top roadmap items. The launch of Marqeta Docs AI opens the door
to the possibility of additional tools that reduce time to value
for our customers and increase the speed at which they see results
from their Marqeta-powered programs.”
Marqeta’s platform offers businesses innovative embedded finance
solutions including virtual and physical card issuance, processing,
digital banking, Buy Now, Pay Later, Accelerated Wage Access and
expense management. Prior to its external-facing tool, Marqeta
launched an internal code generator and tested its capabilities
within a specified team over one month, showing immediate benefits
for its team in improving productivity for a number of code
generation tasks. As Marqeta deepens its generative AI
capabilities, it is ensuring its customers can trust the new tools
and developing a comprehensive strategy for handling business data
and analytics.
“While these first solutions are examples of the opportunities
we have to use generative AI to improve the way our developers and
customers interact with our platform, we are deeply focused on
creating a trustworthy and secure experience for our users,” said
Li. “We’re following security protocol and laying out thoughtful
plans for taking care of people’s data. We are keeping the natural
bias present in generative AI in mind as we develop our tools and
are being careful about our approach to best serve and protect
Marqeta, our customers, and our people.”
About Marqeta (NASDAQ: MQ)
Marqeta’s modern card issuing platform empowers its customers to
create customized and innovative payment cards. Marqeta’s modern
architecture gives its customers the ability to build more
configurable and flexible payment experiences, accelerating
time-to-market and democratizing access to card issuing technology.
Marqeta's open APIs provide instant access to highly scalable,
cloud-based payment infrastructure that enables customers to launch
and manage their own card programs, issue cards and authorize and
settle payment transactions. Marqeta is headquartered in Oakland,
California and is certified to operate in 39 countries
globally.
For more information on Marqeta please visit:
www.marqeta.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements expressed or implied in this press release include, but
are not limited to, quotations and statements relating to changing
consumer preferences; increasing consumer adoption of certain
digital payment methods, products, and solutions; which payment,
banking, and financial services products and solutions may succeed;
technological and market trends; Marqeta’s business; Marqeta’s
products and services; and statements made by Marqeta’s senior
leadership. Actual results may differ materially from the
expectations contained in these statements due to risks and
uncertainties, including, but not limited to, the following: any
factors creating issues with changes in domestic business, market,
financial, political and legal conditions; the effect of and
uncertainties related to the global COVID-19 pandemic on U.S. and
global economies and demand for Marqeta’s services and products;
the uncertainties and direct and indirect effects of the
significant military action against Ukraine launched by Russia,
including threats of attacks against U.S. financial institutions as
retaliation against financial institutions for sanctions imposed
against Russia; the risk that Marqeta is unable to further attract
and grow its customer base; the risk that consumers will not
perceive the benefits of Marqeta’s products and services, including
digital payment and banking products and services; the risk that
Marqeta's products and services do not operate as intended,
including digital payment and banking products and services; the
risk that Marqeta’s products and solutions will not achieve the
expected market acceptance, including digital payment and banking
products and services; and the risk that competition could reduce
expected demand for Marqeta’s products and services, including
digital payment and banking products and services. Detailed
information about these risks and other factors that could
potentially affect Marqeta’s business, financial condition and
results of operations are included in the “Risk Factors” disclosed
in Marqeta's Annual Report on Form 10-K for the year ended December
31, 2022, as such risk factors may be updated from time to time in
Marqeta’s periodic filings with the SEC, available at www.sec.gov
and Marqeta’s website at http://investors.marqeta.com. The
forward-looking statements in this press release are based on
information available to Marqeta as of the date hereof. Marqeta
disclaims any obligation to update any forward-looking statements,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230815998357/en/
Media: James Robinson 530-913-0844 jrobinson@marqeta.com
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