IBM & Infosys set benchmark for core banking transaction

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IBM & Infosys set benchmark for core banking transaction

IBM and Infosys set new global benchmark for core banking transaction processing, promising lower total cost of ownership for banks worldwide

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IBM and Infosys today announced record-setting results of a performance benchmark for Infosys' Finacle Core Banking Solution running on IBM's System p Servers that far outperform all such published benchmarks by a wide margin.  As a result, banks worldwide will be able to process rapidly growing volumes of transactions faster and more reliably at an even lower cost per transaction.

In the recent scalability benchmark, reviewed by Ernst & Young, Finacle on IBM System p servers surpassed its own previous record as the most scalable core banking solution in the world. The Finacle on IBM System p benchmark performed on a base of over 52 million accounts, delivering a transaction throughput on delivery channels at 29,010^*1 effective transactions per second (ETPS) beating its own previous best of 11,180^*4 ETPS. The new delivery channels transaction processing benchmark translates to a business transaction throughput of 19,288^*1 business transactions per second (TPS).

For On-Line Transactions Processing (OLTP) a throughput of 11,476^*2 ETPS was recorded (which translates to 7,790^*2 business TPS) and for term deposit interest booking batch processing, the system processed 39,408^*3 accounts per second.

"The results of this benchmark with IBM have reinforced Finacle's value proposition as the most scalable and robust core banking solution in the world and a solution ideally suited for global Tier 1, Tier 2 banks and other large and fast growing banks across the world.   Finacle coupled with IBM's System p servers will enable our clients to manage aggressive growth efficiently, reliably and at an even lower total cost of ownership" said Merwin Fernandes, Vice President and Business Head- Finacle, Infosys Technologies.  "This is another example of how Finacle innovates to set new industry benchmarks that enable our clients scale new heights in their business and stay ahead of the curve in a highly competitive global banking market", he added.

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