Owners
Expertus Technologies — the Canadian financial technical-company founded in 2001 which offers banks and corporate clients cloud payment solutions.
History
2020: IBM purchased Expertus Technologies
In the middle of December, 2020 IBM announced Expertus Technologies purchase. Financial and other terms of transaction of the company did not begin to open.
The global managing partner on bank projects in IBM Shanker Ramamurti says that purchase of Expertus will allow IBM to help banks to control expenses and to observe regulatory requirements in a pursuit of innovations.
 | Payments represent very profitable part of their business. Banks want to remain in a game and not to lose business within new among digital banking — Ramamurti in an interview of Bloomberg told. |  |
It is supposed that purchase of Expertus will allow IBM to reduce costs for payments using the technology. According to IBM, by the end of 2020 banks select about $100 billion for upgrade of payment systems using new technologies, and through the Expertus platform operations for the amount of $50 billion are performed every day. The company has the status SWIFT Service Bureaus which means that Expertus is authorized to provide connection of banks to the SWIFT system. The payment platform of Expertus is used by more than 1000 banks, credit unions, regulating authorities and corporations.
According to the press release, thanks to merger of Expertus the IBM corporation can provide to financial institutions a full range of the intellectual workflows, end-to-end business processes with artificial intelligence, data and analytics transforming management of payments and treasury in a cloud with data in real time, simple interfaces in use and the improved pricing for the cost reduction account of transaction. Besides, it supplements the deep industry experience, security and fault tolerance available thanks to IBM Cloud for Financial Services, the press release says.[1]
Notes
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