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Fintech

MW Mastercard scoops up open-banking company Finicity in big digital push

Finicity has relationships with banks and other financial providers, and the company helps third-party platforms leverage financial credentials in a secure platform

More people are looking to avoid face-to-face experiences and Mastercard is betting Finicity deal will help it grow open-banking capabilities in the US.

Mastercard Inc. is making a bigger bet on open banking as consumers look to use their banking and financial credentials with more online services.

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