IBM
WebSphere Business Integration for Financial Networks (WBI-FN), Financial Transaction Manager (FTM)
Overview Payments has been a traditional stronghold for IBM, providing platforms and its own gateway product, Merva. A newer solution, WebSphere Business Integration for Financial Networks (WBI-FN), is Java based. There is a large number of banking relationships and potentially complementary applications, including the Sterling Commerce-derived B2B Integration offering, plus technology and consulting services. IBM’s emphasis is now on its own platform, Financial Transaction Manager (FTM), as a full payments hub, with WBI-FN as a Swift gateway in front of this.
Strengths
• Many relationships with many banks in payments and elsewhere.
• Global reach. • Broad offering encompassing software, hardware, other technology and services.
Weaknesses
• IBM’s payments strategy has not been easy to follow, with different partnerships, focus, messages and brands down the years.
• WebSphere Business Integration for Financial Networks and now FTM have a relatively low profile and there is a lack of transparency around users.
• Limited technology options for FTM (AIX, z/OS, RHEL, DB2 and Oracle).
Summary history
2002 October – IBM launches a version of its WebSphere Business Integration offering for financial services as a single window for Swift.
2006
2007 2008
2010
October – IBM unveils its Enterprise Payments Platform. It has an emphasis on WebSphere and DB2, plus SOA. The main payments partners are cited as Clear2Pay and Dovetail, with a number of others for areas such as business activity monitoring and payment recall.
No further significant updates for Merva; migration strategy offered.
February – IBM and ACI extend their long-standing alliance. Part of this sees IBM receive warrants to purchase up to eight per cent of ACI. For its part, ACI will step up its support for IBM’s System z platform including DB2, WebSphere and Tivoli software.
IBM starts the move back into the mainstream payments space with its own software, launched as FTM.
2010 May – IBM announces it is to acquire Sterling Commerce for $1.4 billion in cash. The deal closes in August. IBM says: ‘The company expands IBM’s ability to help clients accelerate their interactions with customers, partners and suppliers through dynamic business networks using either on-premise or cloud delivery models.’ It is placed into the Websphere unit within IBM’s Software Group. At around the same time, IBM acquires Cast Iron, a cloud integration services company.
2014 March – IBM’s latest release of FTM adds a number of new functions above the original orchestration layer, including for cheque processing, integrated payables for corporates, and North American ACH, SEPA and UK payment integration.
Payment Systems & Suppliers Report |
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