The deal expands the financial services giant's open banking reach .
In Brief:
Danish open banking technology outfit Aiia provides a direct connection through a single API to more than 2700 banks across Europe.
Its clients include banks, FinTechs and payment firms.
Financial terms of the deal were not disclosed.
What does this mean?
The deal complements Mastercard's acquisition, last year, of US open banking firm Finicity. Mastercard believes that Aiia's expertise in providing safe and secure data access aligns with its own data responsibility principles.
