Mastercard Acquisition of Finicity

  • September 24, 2024

On Jun 23, 2020, MasterCard acquired another fintech company ‘Finicity’ specialize in data aggregation with the amount of $825M. 

The acquisition of Finicity is for enabling a secure and innovative financial data-sharing ecosystem, for Mastercard and strengthening their open banking system in the US as well as in Europe. 

On top of this, Mastercard will also hand over $160M to Finicity, if they meet some performance targets.

Mastercard received 72 patents from this acquisition, where 20 patents are alive and the rest of the patents are dead.

The data of the Finicity shows that 80% of the patents are falling in ‘G06Q – Data processing system and method’ technology, here’s the full data:

Stats collated by Sachin Singh, RGT Team

Table of Content

Insights you may find interesting

Related Articles

Topics:

Was this article helpful?

Yes No

Leave a Comment

Fill the form to get the details:

Fill the form to get the details:

Our comprehensive report provides an in-depth look into the patent portfolio. The report includes a breakdown of the patent portfolio across various technologies, listing the patent along with brief summaries of each patent's technology.