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Mastercard opens Vancouver intelligence and cyber centre

Mastercard opens Vancouver intelligence and cyber centre

Mastercard has opened an intelligence and cyber centre in Vancouver, housing 380 new employees working on areas such as security, AI and the Internet of Things.

Mastercard is pumping $510 million into the project, with the Government of Canada also contributing through its Strategic Innovation Fund.

The centre will be located at the current office of NuData Security, the Vancouver-based fraud prevention specialist acquired by Mastercard in 2017.

Existing staffers will be joined by new software engineers, data scientists, project managers, analysts, product designers and information security experts.

Ajay Banga, CEO, Mastercard, says: “The Vancouver centre will help us meet the growing demand for technology solutions to reduce the cost of cyber-attacks, enable today’s connected devices to become tomorrow’s secure payment devices, and address the growing vulnerabilities associated with the Internet of Things.”

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