June 24 - 08:06
Mastercard to stump up $825 million for open banking firm Finicity
Mastercard has agreed an $825 million deal to snap up fintech outfit Finicity, which provides real-time access to financial data and insights. The payments giant said the acquisition was part of its plan to advances its open banking strategy. Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.
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