Today, Mastercard unveiled the “Experience Center” of its Global Intelligence and Cyber Center of Excellence (“Centre of Excellence”) in Vancouver, British Columbia, where the local, national and international technology communities are invited to collaborate on cybersecurity innovation.
The Experience Center also showcases 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 areas of cyber and intelligence (C&I), artificial intelligence (AI) and technology. 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 sustain over 230 quality technology jobs to date, ranging from software engineers to data scientists to product and program managers, with many more 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 C$510 million 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 more secure 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 more than $6.3 million to date in strategic partnerships and knowledge sharing across Canada’s technology ecosystem through through the Global Intelligence and Cyber Center of Excellence. 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: creating engagement tools that help Canadian “mom and pop” companies become more cyber-aware, as well as 10 postdoctoral fellowship positions at the Mastercard Global Intelligence and Cyber Center of Excellence over five years;
Canadian Federation of Independent Business (CFIB): creating gamified, mobile-focused e-learning for small and medium-sized businesses;
Pow Wow Pitch: sponsorship of a new technology component in the Aboriginal entrepreneurship program;
Mitacs: creating 50 internships at Mastercard’s Global Intelligence and Cyber Center of Excellence for graduate students across Canada over five years;
University of New Brunswick: funding for the Mastercard Research Chair in IoT and a new cybersecurity research lab;
Rogers Cybersecure Catalyst: accelerating cybersecurity training and development of young leaders at Toronto Metropolitan University;
Science World: development of STEAM training for girls in grades 2 to 9 through the “Tech-Up” program; and
Girls4Tech: Expanding cyberprogramming 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.