IBM Z and Cloud Modernization Center taps Episode Six for payments technology

The global pandemic has undoubtedly catalyzed the drive to digitization in Financial Services.  There was an increasing trend to move to digital banking already, but the pandemic has accelerated this by perhaps a decade, and across all age groups. Traditional banks were already being challenged to step up as they have been under pressure from neobanks with slick customer propositions and user experiences delivered for maximum convenience through mobile offerings that raised customer expectations. 

These banks have the additional challenge in that they are constrained by legacy applications that were never designed for this type of customer interaction. There is a real and pressing need for banks to support digital customer journeys using technology that delivers the highest security, performance and availability benefits with the ability to access data previously bound into legacy applications. This is where Episode Six’s Tritium platform brings unrivalled value to help banks innovate digital solutions.

Our modern, cloud native platform brings valuable key attributes:

  • A multi asset class ledger and digital wallet structure that enables the transfer of value through a range of mechanisms - true multi- fiat currency, crypto currency and other tokens such as loyalty and reward points
  • Highly configurable products, managed in data by business users to customize product attributes such as FX margins, fee structures, risk profiles and compliance safeguards all in real time without waiting for lengthy development cycles
  • This functionality is all accessible through an API framework for integration with mobile apps, web portals and adjacent space applications and networks such as card rails, payment gateways, KYC/AML and FX and liquidity providers​

The implementation approach is geared to speed to market and ongoing innovation.  This is hand in glove compatible with IBM Z and Cloud Modernization initiative.

I’d like more information about how E6 and IBM Z together can help support our digital customer journeys.

Many of the world’s leading banks’ legacy applications reside on IBM Z.  These have been the beating heart of these banks for many years, decades in some cases, and anticipated to become stronger as more innovations are implemented to address the evolving needs of the marketplace. IBM brings capabilities to unlock data and core processing functionality that is encapsulated in legacy applications to leverage the integration options that are the hallmark of E6 in the IBM Cloud, getting to market faster while avoiding security and cloud migration risks.

Together E6 and IBM Z bring the potential to deliver a modernized, digital banking customer experience managed through the E6 Tritium platform working co-operatively with legacy applications without unnecessary operational disruption.  Banks can embark on digital transformation in timeframes that would not have been possible in migrating existing technology or starting projects from scratch.  There is a compelling business case waiting to be realized through innovation, competitive differentiation, customer retention, growth and acquisition.  Mainstream banks can compete more effectively against neobank challengers with risk mitigated by adopting leading, proven technology from Episode Six working co-operatively with IBM’s industry expertise.

For more information about the IBM Z and Cloud Modernization Center, please visit https://ibm.biz/zandcloud

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