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IBM, Dream Payments to Enhance Electronic Transactions
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IBM Corp. (IBM - Free Report) recently announced its collaboration with Dream Payments to help U.S. financial institutions in faster deployment of different electronic payment solutions.
The partnership targets to address the regulations and legacy systems related problems in the payments sector that slow down the launch of products by different financial institutions. Dream Payments will be providing the partnering solutions via IBM cloud backed by VMware virtualization solutions.
The system will connect financial organizations like banks and retailers with new age payment technologies like mobile wallets and contactless payments applications. This technique will lower expenses as separate investments in IT projects will not be required any more.
Dream Payments is also planning to incorporate Managed Security Services provided by IBM that includes IBM QRadar on Cloud for the detection of cybersecurity related threats and address those in time.
We believe this kind of partnerships bode well for IBM in the cloud computing market. Most recently, Forbes mentioned that the cloud computing market will be worth $162 billion in 2020 from $67 billion in 2015, at a CAGR of 19%.
IBM remains focused on solidifying its footprint in the market, which is evident from its expanding data centers. The company recently opened data centers (two in London, one in San Jose and one in Sydney) that are equipped with the required cloud infrastructure to help clients develop cognitive artificial intelligence (AI) and Internet of Things (IoT).
We believe this will improve IBM’s competitive position in the cloud computing market currently dominated by Amazon’s (AMZN - Free Report) Web Services and Microsoft Corp. (MSFT - Free Report) .
Recently, IBM’s cloud-based offerings have been selected by the likes of Syniverse, State of Arizona, Codify Academy, Italian airport operator SEA and Germany-based leading automotive supplier, Faurecia.
Apart from this, the company’s leading position in the blockchain market is also a strong tailwind. Additionally, the company’s initiative to simplify data protection is also notable. Moreover, the company has started to ship z14 mainframe that focuses on data encryption. This along with the introduction of an upgraded on-premise data storage capacity will drive the top line going forward.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
IBM, Dream Payments to Enhance Electronic Transactions
IBM Corp. (IBM - Free Report) recently announced its collaboration with Dream Payments to help U.S. financial institutions in faster deployment of different electronic payment solutions.
The partnership targets to address the regulations and legacy systems related problems in the payments sector that slow down the launch of products by different financial institutions. Dream Payments will be providing the partnering solutions via IBM cloud backed by VMware virtualization solutions.
The system will connect financial organizations like banks and retailers with new age payment technologies like mobile wallets and contactless payments applications. This technique will lower expenses as separate investments in IT projects will not be required any more.
Dream Payments is also planning to incorporate Managed Security Services provided by IBM that includes IBM QRadar on Cloud for the detection of cybersecurity related threats and address those in time.
IBM Price and Consensus
International Business Machines Corporation Price and Consensus | International Business Machines Corporation Quote
IBM’s Growth Prospects
We believe this kind of partnerships bode well for IBM in the cloud computing market. Most recently, Forbes mentioned that the cloud computing market will be worth $162 billion in 2020 from $67 billion in 2015, at a CAGR of 19%.
IBM remains focused on solidifying its footprint in the market, which is evident from its expanding data centers. The company recently opened data centers (two in London, one in San Jose and one in Sydney) that are equipped with the required cloud infrastructure to help clients develop cognitive artificial intelligence (AI) and Internet of Things (IoT).
We believe this will improve IBM’s competitive position in the cloud computing market currently dominated by Amazon’s (AMZN - Free Report) Web Services and Microsoft Corp. (MSFT - Free Report) .
Recently, IBM’s cloud-based offerings have been selected by the likes of Syniverse, State of Arizona, Codify Academy, Italian airport operator SEA and Germany-based leading automotive supplier, Faurecia.
Apart from this, the company’s leading position in the blockchain market is also a strong tailwind. Additionally, the company’s initiative to simplify data protection is also notable. Moreover, the company has started to ship z14 mainframe that focuses on data encryption. This along with the introduction of an upgraded on-premise data storage capacity will drive the top line going forward.
Zacks Rank
IBM currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Looking for Stocks with Skyrocketing Upside?
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