In line with the BaaS trend, Marqeta introduces seven new products

The trend: Continuing the rush of big-name financial institutions entering the banking as a service (BaaS) space, global payments firm Marqeta added a suite of BaaS products to its card-issuance platform, per FinExtra.

Becoming a bank: The seven products will be housed under the name Marqeta for Banking and will provide end-to-end banking services to its clients.