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April 5, 2022 07:20 pm

The Venerable Mainframe Rolls on at IBM With the Release of the z16

Today IBM unveiled the latest mainframe in its storied history, the z16. It runs on the IBM Telum processor, which the company released last summer. The chip has been optimized to run massive workloads, processing 300 billion high-value financial transactions per day with just one millisecond of latency, according to the company. From a report: That's for customers who have a serious need for speed with heavy volume. The primary use case the company is selling for this monster machine is real-time fraud prevention. Financial institutions in particular are the target customers, but Ric Lewis, SVP for IBM systems, says it's for just about any company processing a lot of business-critical transactions. "It's still banking, insurance, public sector, government, healthcare, retail -- anywhere where you really have high transaction throughput, where you need security, reliability and the world's best transaction processing," Lewis said. That comes down to the largest companies in the world, including two-thirds of the Fortune 100, 45 of the world's top 50 banks, eight of the top 10 insurers, seven of the top 10 global retailers and eight out of the top 10 telcos, which are using mainframes, according to data provided by IBM. Most of those machines come from IBM.

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