Source: Business Insider
Just two days after announcing its intent to buy unicorn Plaid for $5.3 billion , Visa is putting resources into another fintech. Data-security startup Very Good Security (VGS) on Wednesday said it received a strategic investment from the payments giant. VGS offers a platform to store sensitive user data like medical information and credit card numbers on behalf of its customers. Customer data has already proven a hot topic for 2020. Earlier this month, the Financial Times reported JPMorgan plans to ban third-party apps from using customers’ passwords to access its bank accounts. Click here for more BI Prime stories . Just two days after saying it plans to buy unicorn Plaid for $5.3 billion , Visa is putting resources into another fintech. Data-security startup Very Good Security (VGS) said on Wednesday that it received a strategic investment from the payments giant. VGS offers a platform to store sensitive user data like medical information and credit-card numbers on behalf of its customers, typically startups, thereby allowing companies to avoid handling the data themselves.
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