Barclays Unit Picks IBM AS/400 for Some Functions
Barclays Bank of New York has announced plans to move some of its data processing from its mainframe computer to a midrange system from International Business Machines Corp.
The new computer will handle all commercial and consumer lending processing for Barclays' 10 corporate loan offices and its 64-branch network in the New York metropolitan area.
Employing FiServ Software
Beginning in the first quarter of 1992, the $3 billion-asset institution will move its loan processing, customer information files, and general ledger to an IBM AS/400 computer running banking software from FiServ Inc., Milwaukee.
Barclays now operates four loan systems on its IBM 3090 mainframe, and officials at the bank said buying an AS/400 will simplify loan review by consolidating data onto a single, centralized system.
"The bank will be able to streamline operations and gain economies of scale," said Nick Parente, senior vice president at Barclays. The bank is a wholly owned subsidiary of Barclays Bank PLC of London.