Mastercard to acquire Aiia.

Mastercard, a multinational financial services corporation, agreed to acquire Aiia, an operator of an open banking system. Financial terms were not disclosed. “The addition of Aiia anchors our European open banking efforts and allows us to continue to meet our customers where they are. As open banking continues to ignite innovation, we’re committed to providing a unique set of technology platforms, data connectivity and infrastructure combined with data privacy and security principles. This will help fintechs and financial institutions innovate, gather feedback and scale faster and more effectively than ever to power smarter, more meaningful experiences," Craig Vosburg, Mastercard Chief Product Officer.