Hungarian joins European leadership of Mastercard Open Banking


Szabolcs Szendrei is joining Mastercard's European Open Banking Leadership Team as vice president, commercialization, according to a press release sent to the Budapest Business Journal.

Szendrei spent the last few years in Mastercard's European Product Management, where he was responsible for installment payments and then for portable payment instruments on the continent. His current promotion will focus on defining go-to-market strategies and developing sales capability in the context of open banking, bridging the gap between central product development and local offices.

"Open banking solutions give consumers and businesses greater freedom to share their own banking data and allow them to access financial services easily, securely, and quickly. At Mastercard, it is of paramount importance to provide the ideal payment solution for every possible purchase situation. I am delighted to be able to help in this work, now specializing in open banking," said Szendrei Szabolcs on his appointment.

Last fall, Mastercard announced the launch of its Open Banking service in Hungary, with most commercial banks in Hungary now connected. The service allows banks and third-party service providers across Europe to be connected through a single platform.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.