May 18, 2023 / 12:00PM GMT
Unidentified Participant
All right. Well, very excited to have you guys here, Marqeta.
Mike Milotich - Marqeta, Inc. - CFO
Thank you for having me.
Questions and Answers:
Unidentified ParticipantMike, appreciate you joining us. Maybe we'll start with just a quick background on Marqeta just to set the stage. What is Marqeta, maybe a quick history, and what's the company's focus today?
Mike Milotich - Marqeta, Inc. - CFO
Yeah. So we invented a new category called modern card issuing, which is really taking issuer processing and making it, first, API forward, which gives you a lot more flexibility and configurability of the platform. But also, the real innovation that Marqeta had was combining program management with the processing, so essentially, empowering the customer to control the issuing as opposed to -- prior to Marqeta, the bank was always front and center in any kind of inter-issuer processing business. And now, with Marqeta, the bank is more in a supporting role and the