Mastercard Extends Open Banking Efforts with Close of Finicity Acquisition
20 November 2020 - 2:09AM
Business Wire
Mastercard (NYSE: MA) today announced it has completed its
acquisition of Finicity, a leading North American provider of
real-time access to financial data and insights.
“Today is a great milestone as we continue to build out the
solutions that deliver on the potential of open banking,” said
Craig Vosburg, president, North America, Mastercard. “We now turn
our focus on bringing these two talented teams together. That
starts with our shared commitment to consumer-centric data
practices to create more value for consumers and businesses from
the information in their account and give them more control in how
that data is used.”
With a direct connection to the North American banking, lending
and wealth management ecosystem, Finicity adds to Mastercard’s
commitment to be a one-stop partner for banks, merchants, fintechs
and governments. These connections are supported through next
generation open banking APIs and consumer approvals.
About Mastercard Incorporated (NYSE: MA),
www.mastercard.com
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
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Mastercard Investor Relations Contact Gina Accordino,
914-249-4565 investor.relations@mastercard.com
Mastercard Communications Contact Seth Eisen,
914-249-3153 Seth.Eisen@mastercard.com
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