Pennant Collaborates with IBM to Bring PennApps Lending Factory to New IBM LinuxONE 4 Express System. New IBM LinuxONE system designed for cybersecurity, scalability and AI inferencing for hybrid cloud environments.
We are excited to collaborate with IBM as the company unveils its new IBM LinuxONE 4 Express system available globally on Feb. 20, 2024. Powered by IBM’s Telum processor, this new system expands the performance, security and AI capabilities of IBM LinuxONE to small and medium sized businesses and within new data center environments. This can potentially bring Pennant clients significant cost savings and is designed to remove the guess work for clients when it comes to spinning up workloads quickly and getting started with the platform.
In the dynamic landscape of today’s financial industry, our comprehensive suite of advanced lending products equips banks with versatile features and scalable capabilities, transforming the customer experience throughout the loan origination, servicing, and collections processes. Leading our innovative solutions is Lending Factory, our flagship product designed to seamlessly streamline lending processes for financial institutions. Operating on the robust IBM LinuxONE 4 Express, available in as a rack mount system, Lending Factory is poised to redefine lending operations, ensuring efficiency and cost-effectiveness.
For financial institutions aiming to take a leadership position in the market, the investment in the right lending technology infrastructure is crucial. Lending Factory, with its emphasis on composability, scalability, sustainability, and cyber-resiliency, emerges as the cornerstone of a future-ready lending operation. The platform facilitates accelerated transaction processes while maintaining a seamless customer experience, enabling banks and financial institutions to launch innovative loan offers with agility. This ultimately leads to improved customer satisfaction, increased operational efficiencies, and enhanced scalability.
The integration of PennApps Lending Factory with its future-ready offerings on the securable IBM LinuxONE platform represents a strategic move for banks and financial institutions. This synergy not only enhances operational efficiencies but also plays a pivotal role in managing the Total Cost of Ownership (TCO). By improving overall IT strategies, our solution fosters trust and reliability, positioning organizations for sustained success in the ever-evolving financial landscape.
Building an integrated hybrid cloud strategy for today and years to come
According to IBM, when organizations move their products and services online quickly, oftentimes, they are left with a hybrid cloud environment created by default, with siloed stacks that are not conducive to alignment across businesses or the introduction of AI. In a recent IBM IBV survey, 84% of executives responding acknowledged their enterprise struggles in eliminating silo-to-silo handoffs. And 78% of executives answering say that an inadequate operating model impedes successful adoption of their multicloud platform. To accelerate and scale the impact of data and AI across the enterprise – and ultimately improve business outcomes – IBM predicts that organizations are starting to build a more intentional hybrid cloud.
IBM brings the power of hybrid cloud and AI with IBM LinuxONE to a simple, easy to use format that fits in many data centers. IBM LinuxONE 4 Express offers an approachable hybrid cloud platform entry point for small to medium sized businesses and startups. For example, IBM LinuxONE 4 Express systems, with GDPS, IBM DS8000 series with HyperSwap and running a Red Hat OpenShift Container Platform environment, are designed to deliver 99.999999% availability.
IBM LinuxONE 4 Express is designed to help clients simplify their IT environments and cut costs by consolidating databases onto a IBM LinuxONE system. Designed to bring significant cost savings for clients over time, clients that move Linux workloads from compared x86 server to an IBM LinuxONE 4 Express can save over 52% on their total cost of ownership over 5 years.
Lending Factory’s unparalleled flexibility, seamless interoperability, and scalable performance empower financial institutions to adapt swiftly to continuous changes, exceed customer expectations, and drive accelerated growth. Leveraging the on-chip AI acceleration and confidential computing capabilities within the IBM LinuxONE platform, Lending Factory elevates decision-making processes, automating routine tasks and providing valuable insights to optimize lending operations efficiently and securely.
As a part of the IBM Ecosystem, Pennant is helping companies unlock the value of their infrastructure investments by implementing the tools and technologies designed to help them succeed in a hybrid cloud world. We are excited to be working closely with the IBM Ecosystem to bring new innovations to our clients.
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