IBM has launched a new mainframe system capable of running more than 12 billion encrypted transactions per day, in a bid to wade further into the financial cybersecurity market.

The mainframe, called IBM Z, seeks to address cyberattacks which have compromised financial data. It also aims to help firms automate financial regulatory compliance, in line with confidentiality and data protection laws.

IBM claimed that its new mainframe can encrypt data at a rate 18 times faster than other platforms. IBM Z is the latest in a series of 'z' mainframe systems developed by the corporation.

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