Mastercard has announced its STEM program, Girls4Tech has reached its initial milestone goal of educating one million girls. The program has a new goal to reach five million girls by 2025.
The program, which launched in 2014, offers activities and curriculum built on global science and math standards. It incorporates the firm’s expertise in technology and innovation to enable children to discover a range of STEM careers, such as fraud detective, data scientist and software engineer.
The Girls4Tech workshops hosted across Kenya and Nigeria, have enabled numerous young girls to build the skills they need for STEM careers.
Cybersecurity and Artificial Intelligence (AI) are two of the hottest technology fields today, with job opportunities continuing to grow across both.
However, worldwide, women make up less than 15 per cent of the professionals in
Mastercard today announced a partnership with Signzy, a leading RegTech startup based in India, to enable Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.
With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users.
Deployment of Video KYC will allow end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99% faster than the traditional paper-based KYC process. Backed by artificial intelligence (AI) and machine learning (ML) technologies, Signzy’s Video KYC solution features security protocols to prevent unauthorized system intrusion or attempted fraud. Further, the solution offers industry-leading scalability to deal with high volumes of video KYC transactions.
In India, this launch will further Mastercard’s goal to drive inclusive growth via financial inclusion by enabling individuals and small businesses to go online. Earlier this year, the payments technology
In the latest trading session, MasterCard (MA) closed at $345.84, marking a -1.76% move from the previous day. This change lagged the S&P 500’s 0.63% loss on the day. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Coming into today, shares of the processor of debit and credit card payments had gained 3.97% in the past month. In that same time, the Business Services sector lost 5.82%, while the S&P 500 gained 5.91%.
Investors will be hoping for strength from MA as it approaches its next earnings release, which is expected to be October 28, 2020. On that day, MA is projected to report earnings of $1.64 per share, which would represent a year-over-year decline of 23.72%. Meanwhile, our latest consensus estimate is calling for revenue of $3.93 billion, down 11.94% from the prior-year quarter.
Mastercard Incorporated MA recently collaborated with India-based RegTech startup — Signzy. The startup is best known for offering a digital onboarding solution, which eases the otherwise time-consuming KYC (Know Your Customer) process for clients, which comprises more than 90 financial institutions of India including banks, NBFCs, insurance firms, asset management companies and many more as well.
With this alliance, Mastercard’s customers will be able to avail Signzy’s remote and secure onboarding solution — Video KYC. The solution, which is equipped with artificial intelligence (AI) and machine learning (ML) technologies, will enable faster completion of KYC application by customers from the comfort of their homes. Not only does Video KYC feature security protocols to avert fraudulent activities but it is also capable of handling enormous volumes of video KYC transactions.
It is worth mentioning that the solution also enables paperless customer onboarding, which will actually accelerate the KYC process by 99%
Mastercard, a global technology company in the payments industry, has partnered with Signzy, a RegTech startup based in India, for global rollout of Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.
With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users. It maybe recalled that Reserve Bank of India (RBI) had in January this year amended its KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers.
Signzy’s Video KYC solution will enable end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99 per cent faster than the traditional paper-based KYC process. Signzy is an Artificial Intelligence-powered Robotic Process Automation platform for financial services.
Chicago, IL – October 12, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Mastercard Incorporated MA, JPMorgan Chase & Co. JPM, Eli Lilly and Company LLY, Caterpillar Inc. CAT and Anthem, Inc. ANTM.
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Mastercard, JPMorgan and Eli Lilly
The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Mastercard, JPMorgan Chase and Eli Lilly. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Mastercard shares have outperformed the Zacks Financial Transaction Services
“Before [COVID-19] I was not an avid Instacart user, because I actually like going to the grocery store. I think it’s fun. There’s an element of discovery I like,” Haymond told Webster in a recent digital discussion. “But to have the convenience and the safety of delivery through something like Instacart — for me,
Mastercard’s (MA) network is a critical part of the payments infrastructure across the globe, providing support for various types of digital and mobile payments, both of which are expected to grow rapidly in the coming years. But Mastercard is also helping to shape the future of real-time payments – another space that is expect to grow quickly. Mastercard’s essential role in these markets, combined with its exceptionally profitable business model, makes this stock a compelling long-term investment.
Mastercard’s Business Model
Mastercard is one of the largest payment networks in the world, behind Visa (V) and China-based UnionPay. It has over 2.2 billion payment cards in circulation, which are accepted in over 210 countries (and territories) by over 37 million merchants.
Mastercard, like Visa, is an open network – it processes payments, but does not issue cards. Instead, it works with other financial institutions that issue cards branded with
The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Mastercard (MA), JPMorgan Chase (JPM) and Eli Lilly (LLY). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Mastercard shares have outperformed the Zacks Financial Transaction Services industry in the year to date period (+17.4% vs. +5.5%). The Zacks analyst believes that Mastercard’s strategic acquisitions, alliances and technology upgrades, along with product-diversification and geographic-expansion initiatives augur well for the long-term.
The company has undertaken several acquisitions to supplement organic efforts and diversify revenues over the years, which has helped expand its addressable markets and strengthen core product solutions. It is gaining from an increased demand for digital
Press release content from Business Wire. The AP news staff was not involved in its creation.
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PURCHASE, N.Y.–(BUSINESS WIRE)–Oct 9, 2020–
On Wednesday, October 28, 2020, Mastercard Incorporated (NYSE: MA) will release its third-quarter 2020 financial results. The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time.
The financial results will be posted on the company’s website at investor.mastercard.com. The company will issue an alert over a news wire when the earnings materials are publicly available, including a link to those documents.
Conference Call Details: U.S. dial-in: (833) 714-0894 International dial-in (outside the U.S.): +1 778 560 2664 U.K. local dial-in: 02035478612 Conference ID: 2393503
A replay of the call will be available for 30 days and can be accessed below: U.S. dial-in: (800) 585 8367 International dial-in (outside the U.S.): +1 416 621 4642 Conference ID: 2393503