IBM and Monitise help financial institutions capitalise on commerce

e-commerce

IBM and Monitise have announced an expanded alliance to deliver cloud-based mobile commerce solutions to help financial services institutions.

The expansion of the alliance will bring together the IBM MobileFirst portfolio of offerings as well as IBM’s financial services and with Monitise’s mobile banking and payments capabilities, the two will spearhead globally as an IBM Global Business Services’ initiative.

“As the market for mobile payments is expanding, we are continuing to invest in the IBM MobileFirst portfolio to address this opportunity,” said Steve Mills, Senior Vice President and Group Executive. “The combination of our capabilities with Monitise will provide value to our clients, enhance the customer experience and drive business growth.”

“Mobile is increasingly becoming the primary way for us to bank, pay and buy. Central to our strategy and collaborations is a drive to enable the businesses we work with to adopt solutions that help them engage more effectively with existing customers and unlock new commercial opportunities,” said Alastair Lukies, Chief Executive of Monitise plc. “At a time when money is becoming more digitised, this strategic alliance with IBM will support financial institutions across the world in developing effective cloud-based strategies that make a real difference to consumers’ lives.”

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