Payments & Transactions

Changing the way money moves across Asia Pacific: Sibos 2018

We very much look forward to hosting the premier global financial services industry conference in Sydney, Australia from October 22-25. Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. We see a market with many opportunities […]

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Continuing the path to real-time payments innovation

Since the 1960’s, IBM has worked with banks to help simplify their payment operations by upgrading payment processes, integrating existing silos and renovating legacy systems. In today’s drastically changing payment landscape, banks now wrestle with implementing new real-time payment schemes while satisfying new regulatory mandates and the demands of industry bodies, customer and merchants. These […]

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The secure digital platform for financial services innovation

Savvy leaders in the banking and financial services sector are already seeking a meaningful competitive edge that will position their organization for the future. Developing a substantive advantage will very likely focus on the execution of a compelling digital transformation agenda. The IBM Institute for Business Value (IBV) has uncovered key trends that defines this rapidly […]

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How Open Banking will blow core systems out of the water

Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. There are three key acronyms that have topped the agenda in banking technology discussions in recent years – APIs, PSD2 (Payment Services Directive II) and DLT (Distributed Ledger Technology). Although DLT […]

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Colt races towards better sales performance with IBM

Motivating sales teams with commission payments is central to many organizations’ success, and at Colt Technology Services we’re no different. In today’s unpredictable marketplace, it’s more important than ever to be able to adjust sales compensation programs in line with changes in strategy. However, as we grew, it became more difficult to scale up and […]

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IBM playing key role in Canadian summit to modernize payment systems

As the banking Payments ecosystem in Canada continues to expand, IBM is looking forward participating in the upcoming Payments Canada Summit, held in Toronto on May 9-11 with industry leaders, innovators and challengers. While the advances in Payments processing are clear, there still remains a number of areas where further education is necessary, additional trust […]

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It’s getting expensive not to be compliant

Banks around the world are continuing to be penalized heavily for their inability to meet with ever-changing and complex financial regulations. Regulatory fines imposed in 2017 alone proved this to us in many ways. For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non […]

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The year in IBM FinTech

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. While we have separately covered what we think will be the main […]

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Accelerating adoption of immediate payments

In a recently blog, I wrote about the pressures on financial institutions to offer immediate payments processing to their customers. ““Banks should plan for a real-time everything in the future – more than just a payment type, real-time will underpin everything digital that a bank does,” states Gareth Lodge, senior analyst at Celent.*” Understanding the […]

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Payments provider SIBS and IBM announce a cognitive solution to combat fraud

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. Over the past decade, sophisticated fraudsters have learned to rapidly scale up their attacks, making them more skilled at exploiting payment systems. The same technology that has […]

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Preparing for instant payments in a digital economy

As the commercial banking landscape transforms rapidly to adapt to an increasingly digital world, it’s clear that client-demand-led schemes like faster payments are challenging the traditional paradigms we’ve held sacred for decades. This is resulting in direct pressure on financial institutions to adapt faster and place a premium on innovation now – more than ever […]

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Instant payments more mainstream than ever, but at what cost?

It’s no secret that mobile banking and cashless payments have become engrained in everyday life. We’re now routinely accessing our bank accounts, making deposits, checking balances and paying friends and family using our mobile devices. In fact, the World Payments Report 2017 study from consulting firm Capgemini and BNP Paribas states that digital payments worldwide […]

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