IBM is acquiring Montreal-based fintech company Expertus Technologies.

The acquisition makes IBM an end-to-end digital payments solution provider. In layman’s terms, it also keeps IBM neck-and-neck with modern payment solutions like Paypal and Square.

Buying Expertus will allow IBM to help banking clients modernize their payment systems while controlling expenses and complying with regulatory requirements. That’s what IBM Services’ Shanker Ramamurthy told Bloomberg.

“Payments represent a very profitable part of their franchise, and they want to continue to ensure they hold onto and not see erosion in that business in this new digital-banking environment,” Ramamurthy told the website.

Expertus calls itself a pioneer in cloud solutions for the financial services industry. More than 1,000 entities including banks, credit unions, regulatory agencies and corporates around the globe process an average of over $50 billion daily on its payments platform.

Expertus is also one of the largest North American services bureaus of the Society for Worldwide Interbank Financial Transactions (SWIFT), the vast network used by banks and other financial institutions to manage money transfers and treasury transactions.

IBM gains decades of consulting experience to address payment modernization challenges for financial institutions. IBM says addressing these challenges are part of the more than $100 billion consulting and business process services opportunity in banking and financial markets over the next few years.

The Montreal-based firm is also one of the largest North American services bureaus of the Society for Worldwide Interbank Financial Transactions, or SWIFT, a network banks use to manage money transfers and treasury transactions.