IBM unveils next-generation system to securely process key financial data, CIO News, ET CIO

New York tech giant IBM on Tuesday unveiled a new system, billed as the industry’s first quantum-safe system, that will help customers analyze real-time transactions at scale for mission-critical workloads like such as credit cards, health care and financial transactions.

Building on the company’s history of security leadership, “IBM z16” is purpose-built to help protect against near-future threats that could be used to break today’s encryption technologies. today.

“IBM is the benchmark for highly secure transaction processing. Now, with IBM z16 innovations, our customers can increase decision speed through inference where their critical data resides,” said Ric Lewis, SVP, IBM Systems.

This opens up huge opportunities for game changers in their respective industries so that they are able to deliver better customer experiences and more powerful business results, he added.

IBM z16 uniquely combines “AI inference” with highly secure and reliable high-volume transaction processing.

For the first time, banks can analyze fraud in large-scale transactions, as the 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 deal with fraudulent transactions on their credit card,” the company said.

For merchants and card issuers, this could mean a reduction in lost revenue, as consumers could avoid the frustration associated with false dips where they could turn to other cards for future transactions, he said. he adds.

Leveraging IBM technologies such as Pervasive Encryption and Confidential Computing, IBM z16 advances cyber resilience by protecting data against future threats that may evolve with advances in quantum computing.

As the industry’s first quantum-secured system, IBM z16 leverages lattice-based cryptography, an approach to building security primitives that help protect data and systems against current and future threats.

With IBM z16 quantum-safe cryptography, companies can prepare their applications and data for the future today, the company said.


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