IBM to Acquire Fintech Expertus

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 customer demands.

Much like IBM's purchase of Spanugo six months ago, this acquisition focuses on enhancing its capabilities for clients who operate in heavily regulated industries.

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Source Fool.com