Card network Mastercard has unveiled its ‘Experience Centre’ which seeks to host local, national and international tech entities to collaborate with.
Revealing the new hub for tech companies at its Global Intelligence and ‘Centre of Excellence’ showcase in Vancouver, British Columbia, Mastercard will aid tech firms in the assistance of developing innovative methods on cyber security.
The Experience Centre will feature emerging Mastercard products and solutions with some developed in its base in Vancouver, to perform efficient and secure digital payments across the globe.
“Rapid advancements in digital technology have changed the way we shop, pay, work and interact, but with increased convenience comes increased risk,” said Sasha Krstic, President of Mastercard Canada.
“Building on the world-class innovations developed at our Centre of Excellence in Vancouver, this new Experience Centre offers a venue for much-needed industry collaboration to anticipate and neutralise ever-expanding cyber threats to our global digital economy.”
Established in 2020, Mastercard’s Global Intelligence and Cyber Centre of Excellence has become a platform for cyber and intelligence, artificial intelligence and Internet of Things innovation to progress. Mastercard states that the centre has already enhanced its payment solutions by creating new approaches to online security and its cyber capabilities.
Within its two year life span, the centre has been able to achieve cyber space for 30 local patents, reduce the presence of malicious bots, and establish a seamless experience for online transactions alongside creating more than 230 jobs in the tech space.
Kristic concluded: “We are achieving this unprecedented level of cyber security innovation by attracting top talent from across Canada and the world to work smarter, better and faster in a creative, inclusive environment embedded in Vancouver’s vibrant tech community.
“Mastercard’s Centre of Excellence is not only making digital payments safer for consumers and businesses everywhere, it’s helping cement Canada’s role as a global powerhouse in cyber security innovation.”