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Marqeta Announces Fouzi Husaini as Company’s Chief Artificial Intelligence Officer

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Marqeta (NASDAQ: MQ) has announced the appointment of Fouzi Husaini as its new Chief Artificial Intelligence Officer. With over 25 years of experience, Husaini will focus on expanding and scaling Marqeta's AI capabilities to drive greater ROI for customers and increase purchasing power. Previously, Husaini served as Vice President of Machine Learning Engineering at Capital One and led a technical team at Amazon working on AI/ML customer experiences for Alexa.

Marqeta aims to leverage Husaini's expertise to enhance its technology roadmap, particularly in areas such as transaction intelligence, fraud prevention, and customer service. The company has already invested in generative AI, including Marqeta Docs AI, and plans to accelerate the rollout of additional AI-powered features into its platform.

Marqeta (NASDAQ: MQ) ha annunciato la nomina di Fouzi Husaini come nuovo Chief Artificial Intelligence Officer. Con oltre 25 anni di esperienza, Husaini si concentrerà sull'espansione e il potenziamento delle capacità di intelligenza artificiale di Marqeta per generare un maggiore ROI per i clienti e aumentare il potere d'acquisto. In precedenza, Husaini ha ricoperto il ruolo di Vice Presidente dell'Ingengeria di Apprendimento Automatico presso Capital One e ha guidato un team tecnico in Amazon, lavorando su esperienze clienti di AI/ML per Alexa.

Marqeta punta a sfruttare l'expertise di Husaini per migliorare la sua roadmap tecnologica, in particolare in settori come intelligenza delle transazioni, prevenzione delle frodi e servizio clienti. L'azienda ha già investito nell'AI generativa, inclusi Marqeta Docs AI, e prevede di accelerare il lancio di ulteriori funzionalità alimentate da AI nella sua piattaforma.

Marqeta (NASDAQ: MQ) ha anunciado el nombramiento de Fouzi Husaini como su nuevo Chief Artificial Intelligence Officer. Con más de 25 años de experiencia, Husaini se enfocará en expandir y escalar las capacidades de inteligencia artificial de Marqeta para impulsar un mayor ROI para los clientes y aumentar el poder de compra. Anteriormente, Husaini fue Vicepresidente de Ingeniería de Aprendizaje Automático en Capital One y lideró un equipo técnico en Amazon trabajando en experiencias de cliente AI/ML para Alexa.

Marqeta tiene como objetivo aprovechar la experiencia de Husaini para mejorar su hoja de ruta tecnológica, particularmente en áreas como inteligencia de transacciones, prevención de fraudes y atención al cliente. La compañía ya ha invertido en AI generativa, incluyendo Marqeta Docs AI, y planea acelerar el lanzamiento de características adicionales impulsadas por AI en su plataforma.

Marqeta (NASDAQ: MQ)는 Fouzi Husaini를 새로운 Chief Artificial Intelligence Officer로 임명했다고 발표했습니다. 25년 이상의 경력을 가진 Husaini는 Marqeta의 AI 기능을 확장하고 확대하여 고객을 위한 ROI를 높이고 구매력을 증가시키는 데 주력할 것입니다. 이전에는 Capital One에서 기계 학습 공학 부사장을 역임했으며 Amazon에서 Alexa를 위한 AI/ML 고객 경험을 작업하는 기술 팀을 이끌었습니다.

Marqeta는 Husaini의 전문성을 활용하여 거래 인텔리전스, 사기 방지 및 고객 서비스와 같은 분야에서 기술 로드맵을 향상시키는 것을 목표로 하고 있습니다. 이 회사는 Marqeta Docs AI를 포함하여 생성적 AI에 이미 투자했으며, 플랫폼에 AI 기반의 추가 기능을 출시하는 속도를 높일 계획입니다.

Marqeta (NASDAQ: MQ) a annoncé la nomination de Fouzi Husaini en tant que nouveau Chief Artificial Intelligence Officer. Fort de plus de 25 ans d'expérience, Husaini se concentrera sur l'expansion et l'échelle des capacités d'IA de Marqeta afin de générer un meilleur ROI pour les clients et d'augmenter le pouvoir d'achat. Auparavant, Husaini a été Vice-Président de l'ingénierie de l'apprentissage automatique chez Capital One et a dirigé une équipe technique chez Amazon travaillant sur des expériences clients AI/ML pour Alexa.

Marqeta vise à tirer parti de l'expertise de Husaini pour améliorer sa feuille de route technologique, notamment dans des domaines tels que l'intelligence transactionnelle, la prévention des fraudes et le service client. L'entreprise a déjà investi dans l'IA générative, y compris Marqeta Docs AI, et prévoit d'accélérer le déploiement de fonctionnalités supplémentaires alimentées par l'IA sur sa plateforme.

Marqeta (NASDAQ: MQ) hat die Ernennung von Fouzi Husaini zum neuen Chief Artificial Intelligence Officer bekannt gegeben. Mit über 25 Jahren Erfahrung wird Husaini sich darauf konzentrieren, die KI-Fähigkeiten von Marqeta zu erweitern und zu skalieren, um den ROI für die Kunden zu steigern und die Kaufkraft zu erhöhen. Zuvor war Husaini Vice President für Machine Learning Engineering bei Capital One und leitete ein technisches Team bei Amazon, das an AI/ML-Kundenerlebnissen für Alexa arbeitete.

Marqeta strebt an, Husainis Expertise zu nutzen, um den technologischen Fahrplan zu verbessern, insbesondere in Bereichen wie Transaktionsintelligenz, Betrugsprävention und Kundenservice. Das Unternehmen hat bereits in generative KI investiert, einschließlich Marqeta Docs AI, und plant, die Einführung weiterer KI-gesteuerter Funktionen auf seiner Plattform zu beschleunigen.

Positive
  • Appointment of experienced AI leader Fouzi Husaini as Chief Artificial Intelligence Officer
  • Plans to expand and scale AI capabilities to drive greater ROI for customers
  • Focus on enhancing transaction intelligence, fraud prevention, and customer service
  • Previous investments in generative AI, including Marqeta Docs AI
Negative
  • None.

Husaini plans to expand and scale Marqeta’s AI capabilities, bringing over 25 years of experience to help drive greater ROI for Marqeta customers unlocking purchasing power for all

OAKLAND, Calif.--(BUSINESS WIRE)-- Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta’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.

"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,” said Randy Kern, Chief Product and Technology Officer, Marqeta.

Most recently, Husaini served as the Vice President of Machine Learning Engineering at Capital One, where he focused on building ML models to support Capital One’s credit products and services, including marketing, fraud, small business, and more. Before 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.

Last year, Marqeta announced its first investments in generative AI, including 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. Marqeta has continued to invest in AI and machine learning to improve risk decisioning. The appointment of Husaini to the team aims to accelerate and expand the rollout of additional key features into Marqeta’s platform.

"I'm honored to join Marqeta at such a pivotal time of growth and momentum,” said Fouzi Husaini, Chief Artificial Intelligence Officer, Marqeta. “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."

About Marqeta (NASDAQ: MQ)

Marqeta makes it possible for companies to build and embed financial services into their branded experience—and unlock new ways to grow their business and delight users. The Marqeta 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. With compliance and security built-in, Marqeta’s platform has been proven at scale, processing more than $200 billion in annual payments volume in 2023. Marqeta is certified to operate in more than 40 countries worldwide and counting. Visit www.marqeta.com to learn more.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products, and solutions; which payment, banking, and financial services products and solutions may succeed; technological and market trends; Marqeta’s business and growth; Marqeta’s products and services; and statements made by Marqeta’s senior leadership. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with changes in domestic and international business, market, financial, political and legal conditions; and those risks and uncertainties included in the “Risk Factors” disclosed in Marqeta's Annual Report on Form 10-K, as may be updated from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqeta’s website at http://investors.marqeta.com. The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.

James Robinson

530-913-0844

jrobinson@marqeta.com

Source: Marqeta

FAQ

Who is Marqeta's new Chief Artificial Intelligence Officer?

Fouzi Husaini has been appointed as Marqeta's new Chief Artificial Intelligence Officer.

What is Marqeta's stock symbol?

Marqeta's stock symbol is MQ, and it is listed on NASDAQ.

What are Marqeta's plans for AI implementation?

Marqeta plans to expand and scale its AI capabilities to enhance transaction intelligence, fraud prevention, and customer service, as well as accelerate the rollout of AI-powered features into its platform.

What is Marqeta Docs AI?

Marqeta Docs AI is an AI-powered question and answer tool that allows customers to quickly navigate the Marqeta Docs site by asking specific questions related to their use cases.

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