#PayTech #PaaS / IBM buys Canadian fintech Expertus to bolster payments offerings electronic-payments capabilities.

[IBM notes] … the acquisition strengthens its portfolio as an end-to-end digital payments solution provider, and further advances its hybrid cloud and artificial intelligence (AI) strategy.

“Expertus’ Payment-as-a-Service (PaaS) solution expands our hybrid cloud-based payments offerings, transforming payments and treasury management with AI to give financial institutions the flexibility to rapidly innovate and stay competitive as consumer demands evolve.”

… Expertus has more than 1,000 entities including banks, credit unions, regulatory agencies and corporates around the globe processing an average of over $50 billion daily on its payments platform.

[CEO and founder of Expertus:] “Expertus built an efficient and trusted financial services enterprise, that in many ways, was ahead of its time … Together with IBM, we now can offer businesses worldwide the benefits and security of seamless end-to-end financial transactions.”