Vietnam Joint Stock Bank for Industry and Trade (VietinBank), one of the largest banking institutions in Vietnam, has selected an IBM System z10 mainframe to support the expansion of its banking businesses, which grew by over 35% last year. VietinBank worked with IBM Business Partner FPT Information System to implement the IBM System z10 Business Class (z10 BC) mainframe server running the Novell SUSE Linux and IBM z/VM operating systems.
The move will enable the bank to take advantage of the more than 3,150 open source applications compatible with System z. And, with this new IBM System z mainframe server, optimized for high transaction banking workloads, VietinBank will benefit from advanced systems management features including capacity management and security to protect the bank's data from potential risks as the country's appetite for traditional and more advanced banking services continues to grow.
As the country's first Linux on the mainframe user, VietinBank joins the ranks of the world's largest banking institutions and emerging market leaders that seek out System z to compete in an interconnected world. In November 2009, the country of Namibia deployed its first mainframe at the First National Bank of Namibia. Since then, the largest credit card provider in Korea, BC Card, selected System z to support its payment system for 2.62 million merchants and 40 million cardholders.
For more information on the IBM System z mainframe, go here.