Magazine article American Banker

IBM Unveils Mainframes, Software for Data Sharing

Magazine article American Banker

IBM Unveils Mainframes, Software for Data Sharing

Article excerpt

IBM Unveils Mainframes, Software for Data Sharing

In a product introduction blitz Wednesday, International Business Machines Corp. launched seven new mainframe computers and software that will help large banks share data across different vendors' computer systems.

The announcements underscore IBM's focus on making it easier to use its computers alongside information systems made by other manufacturers.

Although many banks continue to use IBM mainframes to support core banking applications such as demand deposit, credit card, and other accounting systems, many have turned to non-IBM computers to run specific department-level businesses.

Bankers need access to information on all these systems to create customer information files, provide customer service representatives with more detailed product information, and create new services for automated teller machine networks.

"Customers need to get at data no matter which system it resides on," said William O. Grabe, IBM vice president and general manager, at a briefing in New York on Wednesday.

First New Line in 10 Years

IBM introduced four water-cooled and three air-colled mainframes, filling out the Enterprise System/9000 family of computers systems introduced last September. The ES/9000 is the first new line of mainframes from IBM in 10 years.

The water-cooled systems have one, two, three, and four central processors and range in price from $4.6 million to $11. …

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