IBM acquires Expertus Technologies to expand payment offering

Thursday 17 December 2020 14:00 CET | News

IBM has acquired Expertus Technologies, a Canada-based fintech, to expand its electronic payments offering.

Financial terms of the deal were not disclosed. Buying Expertus will allow IBM to modernise its payment systems to help banking clients keep up with innovative rivals while controlling expenses and complying with regulatory requirements, as representatives from IBM say.

Expertus’s payment platform is used by around 1,000 banks, credit unions, regulatory agencies, and corporations. The firm processes USD 50 billion in daily transactions.

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Keywords: IBM, Expertus Technologies, acquisition, electronic payments, banking
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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