Unlocking Growth: Mastercard’s Role in Empowering the Mighty Middle Market
Mid-market companies ($10M – $1B annual revenue), represent 33% of private sector GDP. Despite their crucial role in economic health, these companies commonly go underserved because wholesale banking gravitates to supporting larger enterprises. On the other hand, mid-market companies are too big to fall into the SMB category, which is serviced out of retail banking. Consequently, mid-market companies lack capital and access to the right tools to digitize and automate – impeding their efficiency and growth potential. In this episode of Fintech Corner, Brett chats with Marie Elizabeth Aloisi, EVP of US Commercial Products and Acceptance at Mastercard. They explore Mastercard’s role in providing essential tools and capital to empower the middle market; creating growth and resilience in an increasingly digital landscape.
Episode Highlights
- Why middle-market companies tend to be under-resourced and underserved in the tech landscape.
- The importance of digitization in attracting and retaining Millennial and Gen Z talent.
- How Mastercard focuses on API-driven solutions for mid-market companies aiding in efficient, real-time banking access.
- How Mastercard uses AI to protect data and prevent fraud, creating a safe ecosystem for clients.
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Show Notes / Resources
Read the full transcript.
Learn more about Trovata at https://trovata.io.
About Fintech Corner
A podcast for fintech lovers that starts conversations between bankers, financial technology innovators, and their clients to evolve finance and treasury for the 21st century. For decades, there has been a gap between the technology that banks can offer and what corporate clients need for modern cash flow management and analysis. We’ll cover emerging trends to help bridge this gap, technologies that can reshape the roles of treasury & finance, and the in’s and out’s of API bank connections & open banking.
Marie Aloisi
Executive Vice President, US Commercial Products and Acceptance, Merchant Verticals, and Healthcare, Mastercard
Marie is responsible for growing Mastercard’s commercial business, focused on modernizing B2B payments. She leads commercial acceptance, business development, product development, product management, and partnerships in pursuit of capturing more than ~$20T+ worth of B2B payments made every year in the US.
Additionally, Marie leads Mastercard Healthcare Solutions; a business dedicated to helping healthcare partners by bringing the scale and advanced technology of Mastercard to solve significant pain points across the healthcare eco-system. She also leads the team responsible for the Fuel/Auto industry’s most strategic partners readying the payment technology for the energy transition of fuel to electric vehicles. Marie has also taken on a new business focused on addressing the data and insights needs of Consumer-Packaged Goods (CPG) industry.
Brett Turner
Founder & CEO, Trovata
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
