Artificial intelligence, machine learning and cyber security to be key focus areas of the new Tech Hub that will be home to Mastercard’s Sydney-based operations
Sydney, Australia, 14 November 2017 – Mastercard has today announced it will relocate its Sydney-based employees and businesses to one location in 2018. The new premises in St Leonards will become one of five Mastercard Global Tech Hub and Innovation Centres, offering technology and innovation services to partners globally.
The announcement forms part of the Mastercard strategy to evolve beyond pments – as rapid urbanization and new technologies foster the shift to mobile, the proliferation of big data, and a growing demand for cyber security.
“Over the past five years, Mastercard has made important acquisitions in technology and services that have helped it gain momentum towards its vision of becoming an innovative technology and services leader,” said Richard Wormald, Division President of Mastercard Australasia.
“As the internet continues to reshape the payments industry and create new opportunities, business must evolve their offerings to keep up with new demands. Mastercard is leading the way, acquiring assets that place innovation at the core of our offering and by bringing together all of our 560 Sydney-based people to unite in a practice of innovation.”
The new space will have dedicated technology teams to accelerate innovation across key growth areas of artificial intelligence, machine learning and cyber security; giving Mastercard the unprecedented advantage of developing and delivering tailored solutions for local and global partners.
“Australia is the perfect location for our new Tech Hub. We are already providing our local partners with a range of innovative business solutions and by opening a hub in Sydney, we’ll be able to deliver more dedicated services and solutions more quickly than ever before and on a global scale,” said Kush Saxena, Global Chief Technology Officer for Mastercard.
This new offering will complement our key technology centre in Brisbane and build upon Mastercard’s St. Louis, New York City, India (Pune-Vadodara), and Dublin hubs, reinforcing the business’s commitment to developing the most cutting-edge payment technologies and services.
Mastercard is working with leading Australian architects Davenport Campbell to design the new space. The design and build is due to commence this year, with Mastercard employees relocating from mid-2018.
Mastercard (NYSE: MA), www.Mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardAU and join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
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