
Marqeta (NASDAQ: MQ), a global leader in modern card issuing and embedded finance solutions, has announced the appointment of Fouzi Husaini as its Chief Artificial Intelligence Officer. With previous experience at Capital One and Amazon, Husaini will lead Marqeta’s AI initiatives, focusing on expanding the company’s capabilities in transaction intelligence, fraud prevention, and customer service to enhance purchasing power and drive innovation.
“We’re excited to welcome Fouzi to our team. His extensive expertise in AI and machine learning, along with his leadership at top companies, will be critical in advancing our technology roadmap,” said Randy Kern, Chief Product and Technology Officer at Marqeta. “His contribution will help us further harness AI to improve risk management and deliver better customer experiences.”
Husaini previously served as Vice President of Machine Learning Engineering at Capital One, where he developed machine learning models for various credit products and services, including fraud prevention and small business support. At Amazon, he led teams responsible for delivering AI/ML experiences to Alexa customers and enhancing Amazon’s machine learning risk platform.
Marqeta has made strides in AI investment, including the launch of Marqeta Docs AI, an AI-powered tool that allows users to navigate the company’s documentation site efficiently. The addition of Husaini aims to accelerate the integration of AI-driven solutions within the platform.
“I’m honored to join Marqeta during this exciting phase of growth,” said Husaini. “Payments are fundamentally data-driven, and AI presents enormous opportunities to address complex customer challenges. I’m eager to drive the next wave of AI innovation for Marqeta and its customers.”
About Marqeta (NASDAQ: MQ)
Marqeta enables businesses to embed financial services into their branded experiences, allowing them to leverage real-time data for personalized, optimized solutions in areas like consumer loyalty and capital efficiency. Operating in over 40 countries, Marqeta processed more than $200 billion in payments volume in 2023. For more information, visit www.marqeta.com.
Forward-Looking Statements
This press release contains forward-looking statements under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may include references to consumer adoption trends, technological advancements, and Marqeta’s growth trajectory. Actual results could differ due to risks outlined in Marqeta’s filings with the SEC, which are available at www.sec.gov and Marqeta’s investor page. Marqeta is under no obligation to update these statements, except as required by law.