27 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Monitise and IBM expand mobile commerce alliance

21 July 2014  |  9988 views  |  1 teenagers sharing tablet

Monitise and IBM have strengthened their alliance, working together to push mobile banking, payments and commerce technology to financial institutions around the world.

Monitise and Big Blue first teamed up last year to help Visa Europe member banks roll out cloud-based mobile money services but the pair are now deepening their relationship through a formal, global multi-year partnership.

The alliance brings together the IBM MobileFirst portfolio and the tech giant's financial services and retail industry expertise with Monitise's mobile banking and payments capabilities, spearheaded as an IBM Global Business Services' initiative.

The deal will see financial institutions get not just basic banking and payments capabilities but also access to data analytics to offer customers targeted services such as in-store engagement and location-based offerings.

Monitise will also move its production hosting and cloud requirements to IBM, including SoftLayer. The partners say that clients will benefit from Monitise's adoption of IBM BlueMix development environment, which will make implementations quicker and easier.

Steve Mills, SVP and group executive, IBM, says: "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."

The backing of a tech giant with banking customers around the world is a boost for Monitise, which earlier this month was forced to cut its full year revenue growth forecast as it struggles with an overhaul of its business model, ditching big upfront license fees in favour of a subscription-based system.

The partnership also provides another example of IBM's growing commitment to mobile, coming on the heels of its enterprise mobility partnership with Apple, which will see it build business-specific apps for iPhones and iPads.

Comments: (1)

Alex Letts
Alex Letts - U - Sheffield | 21 July, 2014, 16:43

New CEO at Monitise making her presence felt?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Monitise slashes revenue outlook

Monitise slashes revenue outlook

08 July 2014  |  5413 views  |  0 comments | 2 tweets | 3 linkedin
Monitise acquires loyalty discount business Markco Media

Monitise acquires loyalty discount business Markco Media

26 June 2014  |  6006 views  |  0 comments | 6 tweets | 6 linkedin
Monitise names Visa veteran Elizabeth Buse co-CEO

Monitise names Visa veteran Elizabeth Buse co-CEO

04 June 2014  |  7373 views  |  1 comments | 5 tweets | 6 linkedin
Big Blue is watching you: IBM patents new fraud fighting app

Big Blue is watching you: IBM patents new fraud fighting app

04 June 2014  |  11802 views  |  2 comments | 13 tweets | 22 linkedin
MasterCard joins £109m Monitise share-placing

MasterCard joins £109m Monitise share-placing

25 March 2014  |  7752 views  |  0 comments | 5 tweets | 10 linkedin
Monitise revenues soar but losses widen

Monitise revenues soar but losses widen

05 September 2013  |  6846 views  |  0 comments | 1 tweets
UniCredit and IBM create cloud-based joint venture

UniCredit and IBM create cloud-based joint venture

22 July 2013  |  8964 views  |  0 comments | 4 tweets | 2 linkedin
Monitise launches white label mPOS system

Monitise launches white label mPOS system

14 May 2013  |  10105 views  |  0 comments | 20 tweets | 13 linkedin
Monitise agrees Clairmail acquisition

Monitise agrees Clairmail acquisition

26 March 2012  |  7901 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.www.fisglobal.comvisit www.events.sap.comdownload the report now

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
10849 views comments | 4 tweets | 5 linkedin
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
8610 views comments | 19 tweets | 33 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
7945 views 0 | 4 tweets | 2 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
7731 views comments | 9 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options

Find your next job