“In an era where businesses are increasingly focused on cloud computing, Citigroup is turning instead to souped-up hardware in the form of IBM's newest z13 mainframe, which it says can help it better deal with the explosive growth in mobile and online transactions.
The mainframe, which launched Wednesday, comes with an impressive list of capabilities. It can process 2.5 billion transactions a day, encrypt mobile and online banking transactions, and allow those transactions to be monitored with real-time analytics, allowing users to spot potential fraud and find opportunities within transactions as they're happening.”
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