Mastercard's New Tech Could Change How Banks Handle Money and Securities
Portfolio Pulse from Anusuya Lahiri
Mastercard Inc is collaborating with major U.S. banks and financial institutions to test a shared-ledger technology for the unified settlement of tokenized assets, aiming to simplify and speed up transactions while reducing errors and fraud. The technology supports commercial bank money, wholesale central bank money, and securities like investment-grade debt on a single system. Participants include Citigroup Inc, JPMorgan Chase & Co, US Bancorp, Wells Fargo & Co, Visa Inc, Swift, TD Bank NA, Zions Bancorp, with contributions from Bank of New York Mellon Corp and the International Swaps and Derivatives Association. Mastercard's stock gained 18% in the last 12 months, and investors can also gain exposure through IShares U.S. Financial Services ETF and Fidelity MSCI Financials Index ETF.
May 08, 2024 | 5:05 pm
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POSITIVE IMPACT
Bank of New York Mellon Corp's contribution to Mastercard's tech trial could highlight its role in financial innovation, potentially impacting its stock positively.
The Bank of New York Mellon Corp's involvement in supporting new financial technologies may positively influence its stock by showcasing its commitment to innovation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Citigroup's participation in Mastercard's shared-ledger tech trial could showcase its commitment to innovation, potentially affecting its stock positively.
Citigroup's active role in testing new financial technologies with Mastercard may enhance its reputation for innovation, possibly leading to a positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fidelity MSCI Financials Index ETF, with exposure to Mastercard, could benefit from the positive developments in Mastercard's tech trial.
Given that Fidelity MSCI Financials Index ETF includes Mastercard, the ETF could see positive effects from the advancements in Mastercard's technology trial.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
IShares U.S. Financial Services ETF, offering exposure to Mastercard, could see a positive impact from Mastercard's innovative tech trial.
As IShares U.S. Financial Services ETF includes Mastercard, the positive developments in Mastercard's technology trial could indirectly benefit IYG's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
JPMorgan Chase's involvement in the shared-ledger technology trial with Mastercard could signal its leadership in financial innovation, potentially boosting its stock.
JPMorgan Chase's participation in this significant financial technology initiative may reinforce its position as a leader in innovation, likely benefiting its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mastercard's collaboration with major banks to test shared-ledger technology could enhance its position in financial technology, potentially boosting investor confidence.
Mastercard's involvement in developing and testing new financial technologies directly impacts its market position and investor perception, likely leading to positive stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Visa Inc's involvement in the shared-ledger tech trial with Mastercard could underscore its commitment to financial technology innovation, potentially benefiting its stock.
Visa's participation in this innovative financial technology project may positively impact its stock by demonstrating its dedication to advancing the fintech sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo's engagement in Mastercard's tech trial could enhance its innovation profile, potentially impacting its stock positively.
Wells Fargo's participation in the development of new financial technologies may positively influence its stock by highlighting its commitment to innovation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Zions Bancorp's participation in the shared-ledger tech trial could enhance its innovation image, potentially benefiting its stock.
Zions Bancorp's engagement in this financial technology project may positively impact its stock by highlighting its innovation efforts.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70