Shares of Marqeta plunged more than 30% due to weaker-than-expected guidance and delays in bank partners launching new programs.
Increased regulatory scrutiny in the FinTech space has led to a 'flight to quality' and banks becoming more selective about partnerships.
Issuer processing platforms like Thredd are well-positioned to succeed in the evolving market by offering innovation and strong back-office capabilities.
The B2B space is seen as a growth area within issuer processing, with opportunities in expense management, supply chain payments, and cross-border transactions.