Case Study: Scotiabank achieves faster time to market and lower costs with IBM Financial Transaction Manager

Scaling for enterprise-level payment volumes and driving value assurance

Scotiabank needed a faster, more scalable way to process growing enterprise payment volumes while improving time to market in a highly competitive B2B payments market. Working with IBM, the bank sought to replace a fragmented legacy payments landscape with a centralized platform that could support all payment types securely and efficiently.

IBM implemented IBM Financial Transaction Manager as the core of Scotiabank’s consolidated payments hub, supported by an agile “Agile for Payments” approach to speed delivery and reduce risk. The result was a 22% year-over-year productivity increase, a 33% lower total cost of ownership, and shorter time to market for new payment services; one new offering launched in just 10 weeks, and a major platform upgrade was completed with only one minor production defect resolved within an hour.

Scotiabank

Greg Lahn

VP, Global Transaction Banking Technology