Marqeta, a leading card-issuing platform, has integrated OpenAI’s Language Learning Model to streamline the development of embedded finance applications.
Marqeta Docs AI, a generative AI tool utilizing OpenAI’s Large Language Models, enables users to swiftly navigate the Marqeta documentation site. This innovative tool allows customers to pose queries tailored to specific use cases, facilitating a quicker grasp of Marqeta’s offerings and the intricacies involved in embedding payment services like physical card issuance, transaction processing, buy now pay later (BNPL) options, earned wage access, and expense management into their platforms.
According to Marqeta, preliminary results from its internal coding tool show a potential reduction in development and testing time by as much as 75%.
Wendy Li, Senior Vice President of Emerging Technologies at Marqeta, stated, “We are committed to investing in emerging technologies and recognizing their potential impact on our customers’ businesses. Generative AI is a key focus area for our roadmap. The introduction of Marqeta Docs AI paves the way for additional tools that enhance our customers’ value and accelerate their success with Marqeta-powered solutions.”
Currently in beta, Marqeta Docs AI is expected to be widely available later this quarter.