Mastercard Expands Open Finance API with Truist, Gets $610 Outperform Target and Unveils AI Suite
On February 12, Truist integrated with Mastercard’s open finance API to let clients share data with fintech apps without passwords. Daiwa Securities upgraded Mastercard to Outperform with a $610 target based on its Capital One agreement renewal and stablecoin earnings potential, and the company launched an enterprise AI agent suite.
1. Open Banking Integration with Truist
On February 12, Truist launched its first integration with Mastercard’s open finance API, enabling consumer and small business clients to securely connect financial data to approved fintech apps without sharing usernames or passwords. The integration enhances data control and streamlines digital finance experiences.
2. Daiwa Securities Upgrade to Outperform
Daiwa Securities upgraded Mastercard to Outperform with a $610 price target, citing the renewal of its Capital One credit card agreement, anticipated stablecoin payment revenues and a low likelihood of new credit card regulations. The upgrade reflects confidence in Mastercard’s growth drivers and regulatory outlook.
3. Enterprise AI Agent Suite Launch
On January 27, Mastercard unveiled an AI agent suite for enterprise customers, tapping into rapidly growing AI investment in financial services projected to reach $97 billion by 2027. The suite positions the company to capitalize on AI-driven transaction innovations and expand its technology offerings.