MasterCard to take over Fincity.

BANKING AND CREDIT NEWS-June 24, 2020--MasterCard to take over Fincity

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Global Banking News - 24 June 2020

MasterCard (NYSE: MA) has announced a plan to take over Fincity, a North American provider of real-time access to financial data and insights.

The purchase, aimed at supporting open banking, is to be completed for USD825m. The deal has been structured in such a manner that Finicity's existing shareholders could earn an additional USD160m if performance targets are met. MasterCard...

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