IBM has announced that its Financial Transaction Manager software has been ported to operate in a Kubernetes container on the Red Hat OpenShift platform. OpenShift will be the basis for the IBM Cloud for Financial Services offering which is not yet available. Most payment platform suppliers are moving their products to a micro-services architecture and to Kubernetes, so it appears IBM is halfway there.
Here’s more coverage from the press release:
“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.”
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group