Mastercard, Enel X secure USD 3.7 mln funding for fintech-cybersecurity lab in Israel

Monday 4 May 2020 14:35 CET | News

US-based companies Mastercard and Enel X have obtained USD 3.7 million funding from Israel to establish a research facility in Beersheva, Israel.

The fintech-cybersecurity laboratory will be established within the southern Israeli city’s tech hub, adjacent to the financial centre of the national cyber directorate, and recruit research and development and cybersecurity personnel.

The laboratory’s goal is to assist entrepreneurs and startups to reach the proof of concept stage in the fintech and cybersecurity fields, particularly developing cybersecurity capabilities for the financial sector. Participating companies will gain access to knowledge and expertise in the fields and to previously inaccessible financial data, needs, products, and processes.

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Keywords: MasterCard, Enel X, fintech, cybersecurity, startup, proof of concept, Israel
Categories: Banking & Fintech
Countries: Israel
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Banking & Fintech

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