Magazine article American Banker

Citibank Buys Two Teradata Systems from Self-Styled Supercomputer Firm

Magazine article American Banker

Citibank Buys Two Teradata Systems from Self-Styled Supercomputer Firm

Article excerpt

NEW YOR -- Citibank is augmenting the computer processing speed of its consumer banking business by installing a Teradata Corp. database system, a computer with a mind-boggling potential storage capacity that the bank does not plan to add on.

With modular disks added, the DBS/1012 system can handle up to a trillion bytes of information, more than any organization presently is believed capable of using.

The privately held Los Angeles manufacturer announced Thursday that Citibank has installed one DBC/1012 system and has ordered a second machine. Each costs about $500,000.

Citibank thus becomes the fifth customer for the five-year-old Teradata. Wells Fargo Bank is the only other bank with a DBC/1012.

Simultaneously, it was announced that Citicorp Venture Capital Ltd., an affiliate of the bank, had invested $5 million in Teradata, which describes itself as a supercomputer company.

The DBC/1012 uses parallel processing, which is faster than a step-by-step mainframe. A mainframe computer has a single microprocessor; the DBC/1012 has a series of microprocessors running in parallel.

Though the modular system is capable of storing a trillion bytes, Michael Cappi, a Citibank vice president, said the bank has no plans to build up to that capacity.

Mr. Cappi is in charge of strategic systems for some of the Citibank consumer businesses. His division bought the first Teradata system and another division has ordered the second. He explained that each major business segment within the bank selects the equipment and systems it needs. …

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