A global payment network is Mastercard’s most prized asset, facilitating 300 million financial transactions worldwide each day in a complex system protected by machine learning (ML) and other cutting-edge security technologies. The financial services company is now upgrading that system, turning away from on-premises solutions to instead embrace a blend of cloud and edge computing technologies, a combination experts say is ripe for growth.
When complete, the modernized network, Next Edge, will be available anywhere the company’s customers wish to conduct business, according to Ed McLaughlin, Mastercard’s president of operations and technology.