Mastercard unveiled the “Experience Center” at its Global Intelligence and Cyber Center of Excellence (“Centre of Excellence”) in Vancouver, British Columbia, where local, national and international technology communities are invited to collaborate on cybersecurity innovation. The Experience Center also features emerging Mastercard products and solutions that are already securing digital payments globally, including those developed locally in Vancouver.
“Rapid advances in digital technology have changed the way we shop, pay, work and interact, but with greater convenience comes greater risk,” said Sasha Krstic, President of Mastercard Canada. “Building on the world-class innovations developed at our Vancouver Center of Excellence, this new Experience Center provides a much-needed place for industry to collaborate to anticipate and neutralize ever-expanding cyber threats to our global digital economy. .
Announced in 2020, Mastercard’s Global Intelligence and Cyber Center of Excellence is at the forefront of innovation in the fields of cyber and intelligence (C&I), artificial intelligence (AI) and the Internet of Things (IoT). The Centre’s research is already improving Mastercard solutions, combining the Centre’s biometric security algorithms with existing cyber capabilities creates new approaches to improving online security. In just two and a half years, the Center of Excellence is making rapid progress against its long-term goals, such as:
- file more than 30 local patents that will secure cyberspace by building trust in our connected devices, reducing the presence of malicious bots, human bad actors, and establishing a seamless experience for online interactions; and
- create and maintain more than 230 quality tech jobs to date, ranging from software engineers to data scientists to product and program managers, with many other roles to fill.
“We are achieving this unprecedented level of cybersecurity innovation by attracting top talent from across Canada and around the world to work smarter, better and faster in a creative and inclusive environment embedded in Vancouver’s vibrant tech community. Sasha Krstic said. “Mastercard’s Center of Excellence not only makes digital payments safer for consumers and businesses around the world, it also helps solidify Canada’s role as a global engine of cybersecurity innovation. . »
Investing in Canadian Innovation
Mastercard has significantly expanded its technology footprint in Canada over the past five years. In 2020, Mastercard announced an investment of 510 million Canadian dollars to establish the Global Intelligence and Cyber Center of Excellence in partnership with the Government of Canada to achieve their shared vision of building a better and safer digital economy for all by leveraging Canadian innovation. This builds on the acquisitions of Vancouver-based NuData Security and Toronto-based Ethoca.
As part of its ongoing commitment to strengthening Canadian innovation, Mastercard has proudly invested over $6.3 million in strategic partnerships and knowledge sharing across Canada’s technology ecosystem through Global Intelligence and Cyber Center of Excellence nowadays. These investments aim to:
- advancing C&I research and development (R&D) and bringing Canadian innovations to market faster, making the global digital economy more secure;
- nurture next-generation Canadian talent and expand STEAM opportunities for underrepresented groups, as true cybersecurity requires diverse talent to drive inclusive innovation; and
- provide small businesses and entrepreneurs with the same cybersecurity tools and protection as large enterprises so that Canada’s economy can continue to thrive.
Strategic partnerships and community investments announced by Mastercard include:
- Digital Main Street: the creation of engagement tools that help Canadian “mom and pop” companies become more cybersecurity aware, as well as 10 Mastercard postdoctoral fellowship positions Global Intelligence and Cyber Center of Excellence more than five years;
- Canadian Federation of Independent Business (CFIB): create fun and mobile e-learning for small and medium-sized businesses;
- Powwow presentation: sponsorship of a new technology component in the Aboriginal entrepreneurship program;
- Mitac: creation of 50 internships at Mastercard Global Intelligence and Cyber Center of Excellence for graduate students from across Canada over five years;
- University of New Brunswick: funding for the Mastercard Research Chair in IoT and a new cybersecurity research lab;
- Rogers Cyber Secure Catalyst: accelerating cybersecurity training and development of young leaders at Metropolitan University of Toronto;
- Scientific world: developing STEAM training for girls in grades 2-9 through the “Tech-Up” program; and
- Girls4Tech: expand online programs for Canadian girls.
“Vancouver and Canada in general is brimming with talent and expertise in a range of STEM fields, including cyber and intelligence,” said Mansur Mirani, vice president of Mastercard Global Intelligence and Cyber Center of Excellence at Vancouver. “Investments in our technology ecosystems, particularly in diverse communities, unlock additional potential in our knowledge economy that will keep Canada at the forefront of global cybersecurity innovation for generations to come.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections in more than 210 countries and territories, we are building a sustainable world that unlocks invaluable opportunity for all.
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