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Torpago and Marqeta will energy Sunwest Financial institution’s Sunwest Visionary Card.
The brand new business bank card and expense administration resolution will leverage Marqeta’s trendy card issuing API, in addition to Torpago’s white-labeled card program resolution, Powered By.
The added card program is anticipated to assist Sunwest generate new earnings streams, entice deposits, and enhance working effectivity.
Two companions within the company card area, Marqeta and Torpago, just lately introduced they’ll energy Sunwest Financial institution’s Sunwest Visionary Card, the financial institution’s business bank card and expense administration resolution.
Sunwest’s bank-branded bank card program will leverage Marqeta’s trendy card issuing API, in addition to Torpago’s Powered By, a white-labeled card program resolution that goals to assist banks improve their present card and expense administration choices.
Torpago stated that Sunwest considers the cardboard program modernization effort as a “progress engine.” The San Francisco-based firm expects that providing company card merchandise below the Sunwest model will assist the financial institution each deepen present buyer relationships and entice new enterprise.
“By equipping Sunwest with a robust expertise platform, we anticipate Sunwest to generate new earnings streams, entice deposits and enhance working effectivity.” stated Torpago CEO and Founder Brent Jackson. “Working with Sunwest and Marqeta has been unbelievable and we’re thrilled to be the engine behind the Visionary Card.”
Torpago was based in 2019 and provides a spread of bank-branded, low-code/no-code applied sciences, together with mortgage origination and underwriting, card issuing and achievement, fraud monitoring, net and cellular apps, expense administration instruments, third-party integrations, and account servicing. The corporate additionally offers providers for compliance, cardholder assist, and collections.
Torpago’s card issuing, spend controls, and card achievement obtainable through Marqeta’s APIs. Oakland, California-based Marqeta helps organizations challenge credit score and debit playing cards, pay as you go playing cards, digital playing cards, in addition to digital wallets. Builders can use Marqeta’s APIs to challenge playing cards, fund accounts, handle funds, and extra.
“Marqeta is proud to accomplice with Torpago to present Sunwest the instruments it must construct a very differentiated resolution from the bottom up, enabling Sunwest to customise its card program and ship a extremely personalised and clean expertise for his or her cardholders,” stated Marqeta Chief Income Officer Todd Pollak.
For its a part of the deal, Sunwest is accountable for buying clients for its Visionary Card and can be leveraging its personal steadiness sheet. The financial institution was based in 1969 and at present has greater than $2.7 billion in belongings. Headquartered in Sandy, Utah, Sunwest and has workplaces in California, Arizona, Idaho, Utah, and Florida.
Picture by Tiger Lily
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