IBM and Monitise form global strategic alliance for m-payment

IBM and Monitise have inked a multi-year global alliance deal to offer cloud-based mobile commerce solutions

IBM and Monitise have inked a multi-year global alliance deal to offer cloud-based mobile commerce solutions for enabling financial services organizations to leverage the mobile channel and better engage with customers.

The global strategic alliance will allow clients to implement new mobile banking, payments and commerce solutions using the cloud to better engage customers.

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

IBM senior vice president and group executive Steve Mills said: “As the market for mobile payments is expanding, we are continuing to invest in the IBM MobileFirst portfolio to address this opportunity.”

“The combination of our capabilities with Monitise will provide value to our clients, enhance the customer experience and drive business growth.”

Financial services providers can install new digital and mobile money solutions while reducing costs and driving new revenue streams.

Monitise will get the expertise and resources of the IBM ExperienceOne portfolio and Interactive Experience practice, which enhances customer engagement by using data analytics to deliver relevant, personalized brand experiences.

Furthermore, IBM and Monitise plan to cooperate with IBM Ready Apps, a suite of industry-specific, pre-configured apps that can be easily tailored and implemented. Monitise will also migrate its production hosting and cloud requirements to IBM, including SoftLayer.