Home Banking & Finance Mastercard to buy Finicity for $825M to expand its open banking functions

Mastercard to buy Finicity for $825M to expand its open banking functions

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In a move that Mastercard said will enhance its open banking products, the Purchase-based credit card company said on June 23 that it intends to buy Finicity for $825 million. The transaction expects to close by the end of the year. “Open banking is a growing global trend and a strategically important space for us…

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