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Mastercard has opened a new Innovation Centre of Excellence in Singapore, bringing together specialists in artificial intelligence (AI), cybersecurity, digital commerce and emerging financial technologies to develop and test solutions for businesses and consumers.
The 7,200-square-foot facility is the company’s largest innovation centre of its kind in the Asia-Pacific region. Mastercard plans to expand its Singapore workforce by adding more than 250 roles by the end of 2029, with over 55 specialists already working at the centre.
The Innovation Centre of Excellence is designed to bring together expertise across several areas of financial technology, including AI, cybersecurity, customer experience and rapid prototyping.
The facility comprises four dedicated spaces, each supporting a different aspect of technology development, experimentation and collaboration.
The first is an AI Centre of Excellence, focused on advancing the application of artificial intelligence across financial services and related industries.
The second is a Fusion Centre, which brings together cybersecurity, fraud prevention and physical security capabilities. By combining these areas, Mastercard aims to strengthen its approach to identifying and addressing security threats across digital and physical environments.
A third component, the Mastercard Experience Centre, will provide banks, merchants and public sector organisations with an opportunity to explore emerging technologies and assess how they can be applied to their operations.
The facility also includes a makerspace where teams can develop prototypes, test concepts and refine solutions before wider implementation.
Mastercard plans to expand Singapore technology workforce
More than 55 specialists are already based at the new centre, with the company planning to add over 250 roles in Singapore by the end of 2029.
The planned expansion reflects Mastercard’s investment in specialist capabilities across AI, cybersecurity, fraud intelligence and customer experience.
The centre is also intended to strengthen collaboration between Mastercard and organisations across the financial and technology ecosystem, providing a shared environment for developing and testing solutions.
By bringing financial institutions, merchants, technology companies and government partners together, the facility is expected to support the practical application of emerging technologies in financial services and digital commerce.
Singapore government highlights trusted technology development
Singapore’s Minister for Energy, Trade and Industry, Tan See Leng, said the centre would help bring different industry stakeholders together to develop solutions that businesses and consumers can trust.
“Mastercard’s Innovation Centre of Excellence brings together banks, merchants, technology companies and governments to develop and test new solutions. By combining expertise in AI, cybersecurity and fraud intelligence, it will help turn emerging technologies into solutions that businesses and consumers can trust.”
The centre’s focus on AI, security and collaborative innovation reflects the growing importance of trusted digital infrastructure as financial services become increasingly technology-driven.
With its planned workforce expansion and dedicated innovation spaces, Mastercard’s Singapore facility is positioned to support the development and testing of financial technology solutions across the Asia-Pacific region.
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