In our modern lives, each and every one of us is surrounded by what we might term an invisible construction site. We’re talking, of course, about the ever-expanding infrastructure that forms the foundations of the fast-growing API economy.
The developers of this infrastructure are a group of unsung heroes known as digital builders. And while many may not realize it, digital builders have really come into their own in 2020.
In the face of unprecedented challenges, they’ve delivered rapid, innovative solutions to meet society’s demands for new ways of living, working, and consuming.
Given this backdrop, we thought it was high time we took a look at the traits of a good digital builder and examined in-depth the tools they need to succeed — particularly when it comes to creating innovative card programmes capable of delivering in a constantly changing world.
In this white paper, titled “The age of the digital builder has arrived,” we explore critical themes including the forces driving innovation today, the growth of the API economy, and the essential relationship between the digital builder and the visionary architects of tech products.
We also look at some of the obstacles that can set back aspiring digital builders, an important one of which is legacy technology.
For card programme owners with plans to grow and challenge incumbents, selecting a platform that has the ability to meet their needs is no easy task. Before handing a developer platform to a digital builder, the following fundamental choices must be made:
It’s fair to say that legacy platforms can prevent digital builders from reaching their true innovation potential.
Modern platforms, on the other hand, open up a whole new world of possibility for digital builders.
With a modern platform, a developer can evaluate whether the platform is capable of delivering against their product development roadmap before committing to a purchase — all on their own, without needing to engage with trained consultants and system administrators that deploy the software.
Indeed, a key mark of a good modern platform is its ability to allow a digital builder to construct a minimum viable product within a matter of hours.
Modern card issuing does exactly this. It empowers digital builders by equipping them with tools such as fully-documented open APIs, private sandboxes, and webhooks — which means the only limit on creating a truly innovative card programme is the user’s imagination.
"To put it another way, high performing digital builders need platforms that allow them to quickly and freely build, test, launch, and iterate card programmes on their terms"
The white paper provides digital builders of all stages with an opportunity to evaluate their position in terms of their business and proposition evolution, while offering suggestions as to how they might progress to a new level of innovation. To find out more, view the white paper today.
In the eighth episode of our new podcast “Voices In Payments” our host, Diederik Klopper discusses Modern-day open-API card issuing and what the future of payments will look like with Ian Johnson, Managing Director at Marqeta.
Marqeta brings speed and efficiency to card issuing and payment processing with the world's first open API platform. The platform was built from the ground up to power an innovative payment experience for many of the apps and services enjoyed daily.
Listen to this Voices In Payments Podcast Episode to find out:
The PaymentGenes FinTech magazine & "Voices In Payments" Podcast are initiatives to positively impact the payments community, by educating and connecting the market with vertical-specific industry expertise.
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This edition of the Payments & FinTech Magazine provides readers with insights on how the developments in 2021 will further shape the future of Financial Services. The Q1 edition is packed with articles from Marqeta, Inc, Giesecke+Devrient, TIS (Treasury Intelligence Solutions), Avatarpay, 5 Challenger banks, Stepstone Corporate Finance+, and more. Read all about the latest FinTech developments here!
In our modern lives, each and every one of us is surrounded by what we might term an invisible construction site. We’re talking, of course, about the ever-expanding infrastructure that forms the foundations of the fast-growing API economy!
Forrester researchers predicted that online retail would grow 18.5% in North America in 2020, reaching 20.2% overall penetration. And when looking back at the Christmas season, we noticed it was not only the usual online shoppers ramping up their game.