IBM RegTech Innovations

IBM Financial Transaction Manager announces ISO 20022-ready High Value Payments offering

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New high value payments solution offering

IBM Financial Transaction Manager (FTM) has announced its new High Value Payment (HVP) offering. This new HVP offering supports banking clients participating in new real-time gross settlement systems in Europe such as Target2 migration to ISO 20022 by end of 2021. Over 3,000 financial institutions worldwide offering SWIFT cross-border payments are required to migrate to ISO 20022 starting November 2022. These regulatory mandates signal a step change in payments infrastructure modernization.

Financial institutions embarking on ISO 20022 migration are concerned about lowering total cost of ownership and meeting the deadlines. They are also looking for ways to monetize the rich set of data available through ISO 20022 to create new revenue streams. As a result, they need a reliable technology platform which not only supports migration to the new messaging standard, but also provides tooling that can help monetize the content rich payments data from ISO 20022 messages.

Pre-built capabilities supporting Target2

IBM FTM for HVP has pre-built capabilities supporting Target2. By serving as a hub the offering can simplify payments processing across different payments environments. This new solution will soon be deployed at some big banks in Europe as part of their multi-year payments modernization journey with IBM. Future plans include evolving the solution into a robust multi-scheme HVP engine. The plan is to extend support to future market infrastructure requirements such as CHIPS and Fedwire.

The FTM platform developed with ISO 20022 standard in mind

IBM developed the FTM platform on the ISO 20022 standard from the start, to make the migration easier and cost effective for clients. Clients can leverage IBM Cloud Pak for Data, a fully integrated data and AI platform to analyse payments data to uncover consumer behaviour and payments patterns. Also, the FTM platform has points of integration to AI-powered solutions around payments fraud, AML, cash and liquidity management.

About IBM Financial Transaction Manager

IBM Financial Transaction Manager (FTM) solutions help banks change the way money moves as institutions respond to ever-changing client expectations and industry regulation. Challenges include transforming payment operations and controlling costs while meeting the processing and settling requirements of global real-time, instants and SWIFT payments schemes. Financial Transaction Manager is designed to integrate, orchestrate and monitor financial transactions. It helps delivers consistent processing across multiple payment types, enabling banks and financial institutions to converge payment operations on to a single platform. Financial Transaction Manager can accelerate the delivery of improved financial products and services to customers.

To learn more about IBM Financial Transaction Manager and to contact one of our financial crimes for insurance specialists, visit

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Author: Paul Hanily, Watson FSS Commercial Payments Offering Manager, IBM Cloud and Cognitive Software

Author: Paul Hanily, Watson FSS Commercial Payments Offering Manager, IBM Cloud and Cognitive Software

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