Yesterday Mastercard announced it was expanding its consulting practice to include open banking, open data, crypto & digital currencies, and environment, social & governance (ESG). The company has 2,000 people in its Data & Services division, including consulting, and will now increase the headcount by 500.
Consultants have already been involved in bank-wide crypto and NFT strategy development on top of education and risk assessments. Mastercard has partnered with several crypto payment card and crypto loyalty programs.
Last year the company acquired blockchain analytics firm Ciphertrace which provides intelligence on blockchain wallets and cryptocurrency firms.
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