On December 15, 2020, IBM purchased Expertus Technologies Inc. (Expertus) to bolster IBM’s electronic-payments capabilities. Together with Expertus, IBM can now provide financial institutions with the full breadth of intelligent workflows, end-to-end business processes embedded with AI, data and analytics, transforming payments and treasury management on the cloud with real-time data, easy to use interfaces and improved pricing by reducing cost per transaction.
IBM has long been committed to simplifying and streamlining the payment transaction experience while complying with the myriad of regulations, improving fraud detection and enforcement of payments industry standards.
Expertus is a Montreal-based pioneer in cloud solutions for the financial services industry. More than 1,000 entities including banks, credit unions, regulatory agencies and corporates around the globe process an average of over $50 billion daily on its payments platform.
Osler, Hoskin & Harcourt LLP advised IBM with a team consisting of David Jamieson, Geneviève Burdon, Kosta Starostin (Emerging and High Growth Companies), Sven Poysa (Employment), Riyaz Dattu (Regulatory), Monica Biringer and Christopher Sheridan (Taxation), Caroline Stephens (Real Estate) and Kaeleigh Kuzma (Competition/Antitrust & Foreign Investment).