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.

The announcement also marks VietinBank as the country's first Linux on the mainframe customer, enabling the bank to take advantage of the more than 3,150 open source applications compatible with System z.

VietinBank selected an IBM mainframe to run a new operational risk management solution, which will enable the bank to deliver premium services to its customers.

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.

"The IBM System z10 offered us more options than competing products because the system was designed to provide the world's highest levels of security while managing the world's highest amounts of transactions. We are proud to have System z to help us achieve our objective of providing continuous banking services to our customers," said Pham Anh Tuan, Deputy Director of VietinBank. "This investment and collaboration with IBM will help us drive significant cost and management efficiencies, rather than allowing large distributed server farm sprawls as developed nations did in recent years."

VietinBank also selected the IBM mainframe for its flexible architecture and wide range of software options, enabling the bank to have the freedom and the tools needed to become more innovative and competitive.  Running System z also aligns with VietinBank's goal to build a smarter IT environment for scalability, cost effectiveness, and energy efficiency.

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