Announcement includes Digital Labs for fast-tracked solutions

Mastercard has announced the expansion of its consulting business with the launch of new practices dedicated to artificial intelligence and economics, to help clients across all industries rapidly and responsibly advance the use of AI and address ever-shifting macro-economic forces and consumer preferences.

The company is also enhancing its business transformation service, Digital Labs, for clients to create end-to-end solutions from concept development and rapid prototyping to launch and scalability. These offerings are part Mastercard’s ongoing consulting expansion into emerging sectors to support businesses in their evolution and growth enterprise-wide.

“With the democratization of generative AI and a complex economic climate, companies need expertise and go-to-market solutions now more than ever,” said Raj Seshadri, president of Data & Services, Mastercard. “As a complement to our advisory practices, Digital Labs serves as an incubator for businesses to explore new ideas and co-create innovative solutions with a streamlined effect on implementation.”

For more information, you can read the full press release here.