IWI and Solace deepen partnership to enable payment platforms in Japan

By Edil Corneille

Ottawa-based Solace, a modern enabler of real-time event-driven data streaming, has deepened its partnership with Intelligent Wave Inc. (IWI), a reseller and system integrator in Japan, to help Japanese financial institutions deliver seamless payment experiences for their customers. Solace and IWI’s partnership on payment processing builds on their existing long-standing collaboration to deliver Solace’s messaging infrastructure in Japan’s capital markets. As a systems integrator, IWI was able to easily transfer its implementation experience from securities to payments.

“We are pleased to deepen our partnership with Solace to help modernize the payment processing systems for our customers, who provide mission-critical services in the financial services industry,” said Tsukasa Iseki, CEO, IWI. “By enabling smarter capacity planning and on-demand scaling, Solace’s messaging infrastructure brings about unparalleled performance and reliability to the payment systems of today.”

Solace has been working with IWI since 2013 to provide innovative IT infrastructure solutions for financial services organizations in Japan. To date, some of Japan’s banks, credit card providers and FinTech companies have delivered real-time cashless transactions to their customers based on Solace’s messaging infrastructure. As more organizations enter the payments space, Solace and IWI will continue to provide a robust technological foundation to support the increase in demand for contactless transactions.

“Our partnership with IWI has helped established leaders modernize their existing systems and helped newcomers enter the payments market quickly. Consumers in Japan are the biggest benefactor as they can now better enjoy the convenience of cashless settlements,” said Kent Nash, general manager, Middle East, Asia Pacific & Japan, Solace. “We are thrilled to be working with a partner like IWI, which has a strong presence in the market. Japan is known to be a cash-loving population. Through our partnership, we hope to truly bring the benefits of a cashless economy to more consumers and encourage a higher adoption of such services.”