IBM and Financial Network Services Deliver World’s Largest Core Banking Benchmark

IBM and Financial Network Services Deliver World’s Largest Core Banking Benchmark

IBM (NYSE: IBM) and Financial Network Services (FNS), a subsidiary of Tata Consultancy Services, today announced the world’s largest core banking benchmark result delivering a record 9,445 business transactions per second (tps) in real-time based on more than 380 million accounts with three billion transaction histories.

IBM and FNS worked with Bank of China, one of Asia’s largest and most innovative banks, on the record-breaking scalability benchmark powered by an IBM System z9 Parallel Sysplex™ mainframe running DB2 database software and FNS’s BANCS core banking application software. The benchmark, independently audited by InfoSizing, tops FNS’s previous online transaction processing (OLTP) record and all other mainframe OLTP benchmarks in IBM’s history. As a result, banks and financial services companies will be able to process key transactions faster, lower total cost of ownership and more easily manage growing transaction volumes with limited operational risk.

Tony Ward, CEO, Financial Network Services, states, “FNS and IBM have delivered an outstanding core banking benchmark result which highlights FNS’s ability to deliver a core banking platform that will attain high levels of availability, scalability and robustness for the largest banks in the world. FNS has been developing core banking solutions for over two decades and has invested heavily in core banking technology to help our clients boost their bottom line and drive more value than from legacy systems.”

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