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News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

DoJ clears Mastercard's Finicity takeover

Source: Mastercard

We have been notified that the Department of Justice completed its review of our planned acquisition of Finicity and has cleared it to move forward.

We are pleased to have reached this milestone. The acquisition of Finicity accelerates our open banking strategy and strengthens our ability to offer consumers and businesses more choice in how they pay and how they simplify their lives and maximize their financial relationships.

We look forward to closing the deal and bringing the companies together to provide further value to consumers, banks, merchants, businesses and governments.

We are optimistic that closing will take place in the fourth quarter. 

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