• DOJ approves Mastercard's acquisition of Finicity, despite scrutiny over Visa's Plaid takeover

    12 days ago - By Business Insider

    Summary List Placement
    The Department of Justice approved Mastercard's $825 million purchase of the data aggregator, which was first announced in June, TechCrunch reports. Finicity uses APIs to allow users to decide how their financial data is shared and who can make money decisions on their behalf.
    It leverages open banking to allow third-party apps access to consumer banking , transactional, and other financial data. Through the acquisition, Mastercard can offer its consumer and business customers greater control over usage of their data, strengthen its open banking platform , and...
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