Mastercard announced on February 16, 2026 that Truist Financial had launched its first open‑banking integration using Mastercard’s open‑finance technology, which went live on February 12, 2026. The partnership gives Truist’s consumer and small‑business clients centralized control of their financial data, tokenized access, and expanded fintech connectivity, enabling more tailored digital experiences for Truist customers.
The move is a key step in Mastercard’s broader strategy to evolve beyond a card‑network provider into a full‑service open‑finance infrastructure. By embedding its technology in Truist’s platform, Mastercard can capture new fee‑based revenue from data‑driven services and compete with other payment rails and fintech firms that are building similar ecosystems.
Truist’s Head of Digital, Client Experience and Marketing, Sherry Graziano said, “Open banking digitally empowers Truist clients and small business owners with secure, personalized experiences and a more holistic view of their financial lives. This platform provides more secure data sharing, new pathways for those with limited credit histories, more choices for how to pay and get paid, and better insight into overall financial health, all with the safeguards our clients expect.”
Mastercard’s Executive Vice President of Open Finance, Bart Willaert, added, “Secure, convenient financial experiences are a gamechanger–but trust is the critical ingredient to ensuring clients and businesses can tap into their full potential. With our shared values of trust and security, we are delighted to offer the clients and small businesses Truist serves seamless connections to all that open banking has to offer.”
Open banking is gaining momentum in the United States, though it has not yet reached the ubiquity seen in the United Kingdom. This partnership marks a significant step toward broader adoption, complementing Mastercard’s other collaborations with Deutsche Bank and Interchecks that power merchant solutions and enhance account‑to‑account payments.
Financially, Mastercard reported Q4 2025 earnings of $4.76 per share and revenue of $8.81 billion, while its full‑year 2025 revenue was $32.791 billion and net income $14.968 billion. Truist reported $548 billion in assets at the end of 2025 and Q4 2025 net income of $1.29 billion with earnings per share of $1.00, underscoring the scale of the partnership for both institutions.
Strategically, the integration is a major operational milestone that expands Mastercard’s open‑finance ecosystem and creates new revenue opportunities beyond its card network. For Truist, the partnership enhances its digital offerings, strengthens customer engagement, and positions both companies to capture growth in the evolving U.S. open‑banking market.
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