16 August 2017
visit www.avoka.com

China's ICBC chooses IBM for disaster recovery

27 August 2014  |  5908 views  |  1 Shanghai skyline 2

Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.

Active-Active has been deployed in the state-owned bank's Shanghai data centre, which supports branches in 40 countries around the world.

Big Blue claims that its technology provides "near-continuous" availability, helping to guarantee the real-time delivery of more than two terabytes of account data that moves daily at the bank.

Lin Xiaoxuan, CTO, ICBC, says: "IBM mainframes have consistently helped us keep our IT systems steady and safe and will continue to do so in the future."

The deal is a coup for IBM, coming after recent media reports that China's government had told the country's banks to remove the IT giant's technology over security concerns.

Forrester analyst Gene Cao told Reuters that while the Chinese government does want banks to cut their reliance on foreign technology, talk of a ban is overblown.

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - FIS Payments Software and Services India - India | 28 August, 2014, 15:27

This may be Lenovo effect :)

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

USAA enlists IBM's Watson to help military personnel transition to civilian life

USAA enlists IBM's Watson to help military personnel transition to civilian life

25 July 2014  |  6938 views  |  1 comments | 5 tweets | 5 linkedin
Big Blue is watching you: IBM patents new fraud fighting app

Big Blue is watching you: IBM patents new fraud fighting app

04 June 2014  |  11949 views  |  2 comments | 13 tweets | 22 linkedin
Chinese central bank drafting new mobile payment rules

Chinese central bank drafting new mobile payment rules

12 December 2013  |  4502 views  |  0 comments | 7 tweets | 6 linkedin
China bans banks from bitcoin transactions as Wall Street wades in

China bans banks from bitcoin transactions as Wall Street wades in

05 December 2013  |  8057 views  |  7 comments | 9 tweets | 6 linkedin
China's ICBC signs for Swift workers' remittance service

China's ICBC signs for Swift workers' remittance service

17 August 2009  |  4878 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10179 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9518 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9316 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8361 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7839 views comments | 1 tweets | 2 linkedin