We're pleased to announce that Monavate, in collaboration with Star, has been honored with the Platinum Award in the Banking-as-a-Service Innovation category at the esteemed Juniper Research Awards.
This recognition reaffirms our joint commitment to shaping the future of financial services and underscores the transformative solutions that arise from our collaboration.
Monavate's journey has been nothing short of impressive. Since its inception in 2020, Monavate has rapidly established itself as a trusted guide for innovative fintechs and payment providers, assisting them in navigating the intricacies of launching and scaling card programmes and financial products. Their record speaks for itself: over 4 million cards issued, 45 million transactions powered, and an astonishing £1 billion processed in customer spend across 32 countries.
Our role in this success story has been to infuse Monavate's visionary ideas with our robust expertise in innovative strategy, engineering, and design. Through scalable API services, strategic roadmaps, and design innovations, we have translated conceptual brilliance into tangible, market-ready products, all the while reducing the time-to-market.
What sets Monavate apart is a shared passion for raising the bar. Their modern data warehouse design, cloud-based processing and tenant-facing UI, complemented by a versatile add-on system, seamlessly blend state-of-the-art technology with user-focused design. Moreover, with rigorous compliance with security standards like PCI DSS v.4 and ISO 2022, Monavate ensures a secure and efficient global financial network.
This award from Juniper Research recognizes not only our past accomplishments but also points to our future direction. Both Star and Monavate remain committed to innovating, setting new benchmarks, and driving the fintech space into its next exhilarating phase. As we celebrate this milestone, we're also gearing up for the thrilling journey that lies ahead. Stay tuned for more updates as we continue to make waves together!
