April 5, 2022
1 min read

IBM unveils new system to analyse real-time transactions

M z16 uniquely brings together ‘AI inferencing’ with the highly secured and reliable high-volume transaction processing…reports Asian Lite News

Tech giant IBM on Tuesday unveiled a new system, billed as industry’s first quantum-safe system, that will help customers analyse real-time transactions at scale for mission-critical workloads such as credit card, healthcare and financial transactions.

Building on the company’s history of security leadership, ‘IBM z16’ is specifically designed to help protect against near-future threats that might be used to crack today’s encryption technologies.

“IBM is the gold standard for highly-secured transaction processing. Now with IBM z16 innovations, our clients can increase decision velocity with inferencing right where their mission-critical data lives,” said Ric Lewis, SVP, IBM Systems.

This opens up tremendous opportunities to change the game in their respective industries so they will be positioned to deliver better customer experiences and more powerful business outcomes, he added.

IBM z16 uniquely brings together ‘AI inferencing’ with the highly secured and reliable high-volume transaction processing.

For the first time, banks can analyse for fraud during transactions on a massive scale as IBM z16 can process 300 billion inference requests per day with just one millisecond of latency.

“For consumers, this could mean reducing the time and energy required to handle fraudulent transactions on their credit card,” said the company.

For both merchants and card issuers, this could mean a reduction in revenue loss as consumers could avoid frustration associated with false declines where they might turn to other cards for future transactions, it added.

Building on IBM technologies like Pervasive Encryption and Confidential Computing, IBM z16 takes cyber resiliency a leap further by protecting data against future threats that could evolve with advances in quantum computing.

As the industry’s first quantum-safe system, IBM z16 is underpinned by lattice-based cryptography, an approach for constructing security primitives that helps protect data and systems against current and future threats.

With ‘IBM z16’s quantum-safe cryptography, businesses can future-ready their applications and data today, said the company.

ALSO READ-India’s future in gold market mechanism

Previous Story

Russia pins blame for Pak crisis on US

Next Story

Global cloud infrastructure spending set to reach $90 bn

Latest from Business

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics

India Maps 8.52 MT Rare Earth Reserves

The Atomic Minerals Directorate for Exploration and Research (AMD) and the Geological Survey of India (GSI) are actively exploring and augmenting rare earth resources, while the GSI alone has added 482.6 million

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more
Go toTop