Mastercard Opens Fintech, Cybersecurity Innovation Lab in Beersheba

Source: The Times of Israel

Financial services giant Mastercard officially opened a new innovation lab in Beersheba this month, with a mission to work with early-stage Israeli startups on fintech and cybersecurity solutions for the payments and energy industries worldwide.

The new center, called the FinSec Innovation Lab, is operated jointly by Mastercard and Italian energy multinational Enel X after the two corporations won a tender in 2019 issued by the Israel Innovation Authority together with the Israel National Cyber Directorate and the Finance Ministry.

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