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.
![](https://insights.greyb.com/wp-content/uploads/2020/08/Fincity-patents-in-the-acquisition-by-MasterCard-1024x569.jpg)
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:
![](https://insights.greyb.com/wp-content/uploads/2020/08/finicity-patnet-technologies-1024x333.png)
Stats collated by Sachin Singh, RGT Team