Marqeta has appointed Fouzi Husaini as Chief Artificial Intelligence Officer to scale the firm’s AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helping accelerate our pace of innovation.
The card issuing platform puts businesses in control of building financial solutions, enabling them to turn real-time data into personalized, optimized solutions for everything from consumer loyalty to capital efficiency.
Marqeta has processed more than $200 billion in annual payments volume in 2023 as it now operates in more than 40 countries worldwide
Fouzi Husaini joins Marqeta from Capital One
Fouzi Husaini joins Marqeta from Capital One, where he served as the Vice President of Machine Learning Engineering and focused on building ML models to support the firm’s credit products and services, including marketing, fraud, small business, and more.
Prior to Capital One, he led a technical team at Amazon who delivered AI/ML customer-facing experiences to Alexa customers, and also focused on Amazon’s machine learning risk platform.
AI and machine learning have proven very impactful to improve risk decision-making and Husaini is expected to accelerate and expand the rollout of additional key features into Marqeta’s platform.
“AI for transaction intelligence, fraud prevention, and customer service”
Randy Kern, Chief Product and Technology Officer, Marqeta, said: “We’re thrilled to have Fouzi on board. His deep knowledge of AI and machine learning, combined with decades of on-the-ground AI leadership at top companies, will be instrumental in shaping our technology roadmap and leveraging AI to expand our capabilities in transaction intelligence, fraud prevention, and customer service.”
Fouzi Husaini, Chief Artificial Intelligence Officer, Marqeta, commented: “I’m honored to join Marqeta at such a pivotal time of growth and momentum. Payments is inherently a data-driven business, and its potential to harness AI and machine learning to solve complex customer problems is enormous. I’m excited to transform how we leverage this wealth of data to build smarter, more innovative solutions for our customers.”
In 2023, Marqeta moved into generative AI by launching Marqeta Docs AI, an AI-powered question-and-answer tool that allows customers to quickly navigate the Marqeta Docs site by asking questions specific to their use cases.
