Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news

Breaking-Finance.Com - Mastercard has agreed an $850 million deal to buy AI-powered digital identity verification company Ekata.

Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news

Breaking-Finance.Com - Mastercard has agreed an $850 million deal to buy AI-powered digital identity verification company Ekata.

Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news
19 April 2021 - 14:45

Breaking-Finance.Com - Mastercard has agreed an $850 million deal to buy AI-powered digital identity verification company Ekata. Ekata works with merchants, financial institutions, travel companies, marketplaces and digital currency platforms, helping them to identify bad actors in real-time during online account opening, payments and other digital interactions.Mastercard says the addition of Ekata's technology and engineering teams will help bolster the support it can provide as a one-stop partner for any consumer, bank, merchant, fintech or government’s data, payment and open banking needs.

.Ajay Bhalla, president, cyber and intelligence solutions, Mastercard, says: "With the addition of Ekata, we will advance our identity capabilities and create a safer, seamless way for consumers to prove who they say they are in the new digital economy."The acquisition is expected to close within six months, subject to regulatory review.

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Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news


Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news


Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news


Finance Breaking news Mastercard to buy digital ID firm Ekata for $850m last financial news

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