IBM Acquires Expertus Technologies Inc.
By Stephen Nakrosis
International Business Machines Corp. said Tuesday it acquired
Montreal-based fintech company Expertus Technologies Inc., a
provider of "cloud solutions for the financial services
IBM said "Expertus is now part of IBM Global Business Services,
following its previous successful alliance with IBM Payments Center
IBM also said, "More than 1,000 entities including banks, credit
unions, regulatory agencies and corporates around the globe process
an average of over $50 billion daily on its payments platform."
Mark Foster, senior vice president, IBM Services, said,
"Expertus' payment-as-a-service solution expands our hybrid
cloud-based payments offerings, transforming payments and treasury
management with AI to give financial institutions the flexibility
to rapidly innovate and stay competitive as consumer demands
--Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
December 15, 2020 17:04 ET (22:04 GMT)
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