The agreement will cover the joint sales and marketing of Dovetail payment solutions with related IBM payments and cognitive analytic solutions, including Financial Transaction Manager (FTM) and CFM for Safer Payments.

“At IBM, we seek to partner with organizations who offer world-class solutions to help our joint clients succeed in the Cognitive era,” said Neil Isford, IBM GM, Watson Financial Services Solutions. “Dovetail is a key player in the provision of payments solutions to many of the world’s leading transaction banks and joining forces with Dovetail will enable us to offer financial institutions with a comprehensive set of payments and related solutions across both high and low value payments domains and better serve our customers and their broader payments initiatives.”

Martin Coen, Dovetail CEO said, “We are excited to have formalized this relationship with IBM. It’s another significant step for us as we take our best-in-class payment solutions out to a wider market. It will enable us to combine Dovetail solutions with the breadth and depth of IBM propositions in facilitating the digital transformation of financial institutions. Together we will be a powerful combination that will be very attractive for banks looking to accelerate their digital transformation journey in payments”.