IBM is combining the Monitise mobile payments system to its professional services offering via the cloud.
Monitise’s technology will be enabled, hosted and sold as an IBM cloud-delivered solution worldwide in the business-to-business space. Commercial opportunities initially will be targeted at financial institutions, but the companies will also address the needs of mobile network operators, retailers and any vertical requiring simple API connectivity.
These potential customers will have access to bank-grade, interoperable and scalable mobile payment and commerce functionality and content.
As part of the agreement teams from Monitise’s UK development and integration business, including a number of contractors, will be transferred to IBM, and IBM will in turn deliver services back to Monitise.
The transfer involves UK employees representing a little over 20 percent of Monitise’s global employee base. All existing Monitise contracts and client relationships, intellectual property, commitments and delivery "remain unchanged", said the partners.
The collaboration will improve Monitise’s ability to handle larger custom projects globally, in addition to implementing standardised solutions.
“Today’s businesses require solutions that radically streamline and accelerate mobile adoption to reinvent the customer experience,” said Bridget van Kralingen, IBM senior vice president for global business services. “Our deepening collaboration with Monitise, our strong cultural fit and shared vision for a multi-channel future, ensures that we are perfectly positioned to help our clients take full advantage of the mobile opportunity.”
Monitise CEO Alastair Lukies said: “Today’s announcement marks a new milestone in delivering an industry-leading mobile money partnership, establishing IBM and Monitise as a global powerhouse."
Peter Roe, an analyst at TechMarketView, said: "The cooperation with Big Blue will accelerate Monitise’s progress in the mounting land-grab across mobile banking and m-commerce. It should also enable a more robust and resilient relationship with the banks, particularly in the US, as bank CEOs demand more from their mobile strategies."