IBM will buy software for its financial computer hardware business for $12 billion, the company announced Thursday.

The deal is the latest in a series of acquisitions that have put IBM at the center of the financial services world.

The company also plans to create a new digital banking and payment business, the Wall Street Journal reported.

IBM plans to begin selling software to banks this year.

The announcement comes amid mounting pressure from investors to make IBM more transparent and to help regulators regulate financial institutions.

The deal comes just two days after JPMorgan Chase said it would acquire the data analytics company KPMG.

The $3.5 billion deal was first reported by The Wall Street Journo.