Power8 processors pack over twice the punch of their x86 counterparts when it comes to running financial applications. Those were the findings presented by IBM to the benchmarking organisation STAC earlier this month. The STAC Summit in London attracted banking tech experts from all over Europe who heard how a Power8-based system set new performance […]
Ethiopia gets 21st century banking
Ethiopia’s biggest bank has undertaken a huge expansion and modernisation programme based on model 795 and 770 Power Systems. Founded in 1942 and headquartered in Addis Ababa (pictured), Commercial Bank of Ethiopia (CBE) has more than eight million account holders and annual revenues equivalent to $586 million. It now operates 868 branches across Ethiopia and […]