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Mastercard completed the acquisition of Ekata for $850m.

Synopsis

Mastercard, an American multinational financial services corporation, completed the acquisition of Ekata, a provider of dynamic identity verification solutions for real-time risk decisioning, for $850m. "The acceleration of online transactions has thrust global digital identity verification to the forefront as one of the biggest opportunities to build digital trust and combat global fraud. The right identity verification solutions enable inclusive and frictionless experiences while, at the same time, ensuring customer privacy, control and security. Becoming part of the Mastercard Identity family ensures a broader, collective approach to meeting the growing demands of the digital economy," Rob Eleveld, Ekata CEO.

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