IBM has released a new version of its Financial Transaction Manager (FTM) solution, updated and containerized to run on Red Hat OpenShift and designed to help banks and financial institutions take advantage of the flexibility of hybrid cloud.
FTM is an integrated payments platform that integrates, orchestrates and monitors financial payments and transactions in real-time. It is designed to deliver consistent processing across multiple payment types, enabling banks and financial institutions to bring their varied payment operations onto a single platform for clearer, easier management and better performance. In addition to being engineered for speeding processing and unearthing financial behavioral patterns, the software can also help banks speed the development and delivery of new products and services.
With the latest capabilities of FTM, IBM has modernized the software to run on Red Hat OpenShift, the leading Kubernetes container application platform and the foundation of IBM’s Hybrid cloud strategy. As a result, FTM can now be deployed on banks’ and financial institutions’ hybrid cloud environments. The new version will also be offered on IBM Cloud for Financial Services, once available, enabling participating financial institutions and its ecosystem of ISVs to leverage the payments platform and transact with ease.
According to Steven Astorino, Vice President, Development, IBM Data and AI, and Director, IBM Canada Lab, this new version of FTM is designed to give organizations more consistent management of transactions across increasingly diverse cloud environments.
FTM now also includes support for rulebooks defined by standards bodies including National Automated Clearing House Association, Early Warning Systems for the Zelle Network, The Clearing House, the European Payments Council for SEPA Instant Credit Transfer and SEPA Credit Transfer, and SWIFT for international payments including ISO 20022 High Value Payments.