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Montreal-based FinTech Expertus acquired by IBM Montreal-based FinTech company Expertus Technologies has been acquired by IBM as part of the multinational tech conglomerate’s strategy to become an end-to-end digital payment solution provider. Expertus has been added to the IBM Global Business Services unit, the professional services arm of IBM that applies advanced technology and helps clients design, build, and run businesses. Financial terms of the deal were not disclosed. Expertus offers a financial transactions platform for international banks, credit unions, regulatory ...

IBM To Acquire Fintech Expertus By Will Healy 12/16/20 AT 1:09 AM IBM (NYSE:IBM) announced today that it has bought Expertus Technologies, a Montreal-based fintech. Expertus offers a payments-as-a-service solution that will enhance payments options in IBM's hybrid cloud. "Financial institutions must balance greater demand for secure digital solutions while complying with rapidly evolving regulation," said Mark Foster, senior vice president for IBM Services. Foster added that the solutions from Expertus will enable financial institutions to innovate rapidly and adapt to evolving custo...

Tech giant IBM has acquired Montreal-based fintech company Expertus Technologies for an undisclosed sum - a move that is aimed at strengthening IBM's portfolio as an end-to-end digital payments solution provider and further advancing IBM's hybrid cloud and AI strategy. Founded in 2001, Expertus offers payment-as-a-service cloud solutions to banks, credit unions and enterprise players. Over $50 billion is processed through the Expertus platform daily. The financial terms were not disclosed. "Expertus' payment-as-a-service solution expands our hybrid cloud-based payments offerings, transfor...

Author Bio Will Healy is a freelance financial writer who has had a lifelong interest in the stock market, along with numerous, less-useful pursuits. Will pursued his passion for writing after working in the corporate world as both an analyst and an insurance sales professional. He holds a bachelor's degree from Texas A&M Univesity, and M.S. from the University of North Texas, and an MBA in finance and strategy from the University of Texas at Dallas Jindal School of Management. Follow @HealyWriting IBM (NYSE:IBM) announced today that it has bought Expertus...

IBM said that the acquisition brings decades of consulting experience on payment modernisation to the company. It added that the consulting and business process services opportunity in banking and financial markets over the next few years could be worth as much as $100 billion. The deal builds on last month's acquisition of SAP consulting partner TruQua, which bolstered IBM Global Business Services' cloud application modernisation and finance transformation expertise. Expertus will now become part of IBM Global Business Services, following its previous successful alliance with IBM Payments Ce...