IBMâs new payments platform helps banks streamline their existing payments systems and rapidly deploy new, reusable payments applications using Service Oriented Architecture (SOA) to deliver new services, drive organic growth and reduce costs across the enterprise. The platform complements Dovetailâs âProgressive Renovationâ methodology, which offers banks affordable and safe payment system renovation options.
âFor the Enterprise Payments Platform demonstration, IBM sought partners who share our vision and belief in componentized payment solutions,â said John Mesberg, Vice President of Financial Services Solutions, IBM Software Group. âBoth IBM and Dovetail believe the future of payments processing lies in SOA-based solutions, and we look forward to a productive relationship.â
In the demonstration, Dovetail will provide liquidity management functions, including integrated tools to monitor and manage a bankâs intraday liquidity positions at the central bank, clearing house, and counterparty levels, and its clearing and settlement gateway connectivity functions.
âDovetail is proud to partner with IBM to help our clients renovate existing payments systems within an SOA framework and reuse payment application data across the enterprise,â said Barry Tooker, Dovetailâs Senior Vice President of Product Management. âThe combination of Dovetail and IBM technologies with SOA further validates our component-based product delivery philosophy and capabilities to help banks drive organic growth.â