Thursday, November 21, 2024
9.5 C
New York

Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future

  • Mastercard plans to acquire US-based threat intelligence platform Recorded Future for $2.65 billion.
  • The deal, with Insight Partners (which acquired Recorded Future in 2019 for $780 million), is expected to close by Q1 2025, pending regulatory approval.
  • The acquisition will enhance Mastercard’s identity, fraud prevention, real-time decisioning, and cybersecurity services, offering expanded threat intelligence capabilities.
  • Recorded Future, founded in 2009, provides real-time cyber threat insights using AI to analyze data from the deep web, social media, and other sources.
  • The platform serves over 1,900 clients across 75 countries, including 45 national governments.
  • Mastercard’s Craig Vosburg says the acquisition enhances security measures before, during, and after transactions.
  • Christopher Ahlberg, CEO of Recorded Future, says the acquisition will broaden the company’s intelligence strategy and scale its business.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img