IBM announces real-time AI for transaction processing – IT News Africa

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On Thursday, IBM, a global technology company, announced IBM z16, a Telum processor that allows customers to infuse AI inference for real-time insights. This innovation is designed to enable customers to analyze transactions in real time, at scale, for critical workloads such as credit cards, healthcare and financial transactions.

IBM z16 is also specifically designed to help protect against future threats that could be used to break today’s encryption technologies.

“IBM z16 is a critical component for organizations across the African continent accelerating their digital transformation journey. By simplifying hybrid cloud adoption, modernizing applications, and ensuring data security, encryption, and resiliency, customers can have the cloud they want, with the privacy and security they need,” says Julia Carvalho, GM at IBM Africa Growth Markets.

“IBM z16 delivers breakthrough technologies for AI and cyber resilience, making it a crucial platform for any digital transformation,” she says.

Real-time enterprise AI

Financial institutions around the world are struggling with the impacts of fraudulent activity on their revenues and their interactions with consumers. IBM z16 brings together AI inference, via its IBM Telum processor. Inference refers to the act of using a neural network to provide information after it has been trained.

This innovation will allow banks to analyze fraud during large-scale transactions. IBM z16 can process 300 billion inference requests per day, according to the company.

For consumers, this could mean reducing the time and energy required to deal with fraudulent transactions on their credit cards. For merchants and card issuers, this could mean a reduction in lost revenue, as consumers could avoid the frustration associated with false dips where they might turn to other cards for future transactions.

Other threats, including tax evasion and organized retail theft, are emerging as challenges for governments and businesses to control. Real-time payments and alternative payment methods like cryptocurrencies are pushing the boundaries of traditional fraud detection techniques.

New features in IBM z16 will help create a new class of use cases, including:

  • Loan approval: to expedite the approval of business or consumer loans
  • Clearing and settlement: to determine which trades and/or trades may be exposed to high risk prior to settlement
  • Federated learning for retail: to better model the risk of fraud and theft

Data security

In a hybrid cloud environment comprising on-premises and public cloud resources, it is critical to protect against today’s threats and posture against cybercriminals who can steal data now to decrypt it later. IBM uses technologies such as Pervasive Encryption and Confidential Computing to protect data against future threats that may evolve with advances in quantum computing.

As a quantum-secure system, IBM z16 relies on network-based cryptography, an approach to building security primitives that help protect data and systems against current and future threats. With IBM z16 quantum-safe cryptography, organizations can prepare their applications and data for the future today.

The IBM z16 also features secure boot (meaning malicious actors cannot inject malware into the boot process to take control of the system on boot) and quantum safe cryptography to help customers to address future quantum computing threats, including immediate harvesting, decrypt subsequent attacks that may lead to extortion, loss of intellectual property and disclosure of other sensitive data.

Modernization for hybrid cloud

“IBM has spent the past three years making significant investments in support of our commitment to adopting open source technology on the IBM zSystems platform and establishing a common developer experience across the hybrid cloud,” IBM said.

“These solutions are designed to help our customers leverage their investments in – and leverage the strengths of – their existing IT infrastructure, clouds and applications seamlessly, while giving them the flexibility to run, build, manage and modernize cloud-native workloads on their choice of architecture,” he says.

IBM z16 will be generally available on May 31, 2022.

Edited by Zintle Nkohla

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