IBM Malaysia managing director Ou Shian Waei said, "This system makes it possible for EON Bank Group's applications to run faster and be more responsive, which can result in added business advantages and higher client satisfaction. The near-continuous application availability also enables EON Bank to improve the efficiency and ensure business continuity. The IBM Power 550 Express, which was launched locally last November, delivers the outstanding performance of the POWER6 processor--the world's fastest chip."

Waei said that the system, which would go live on March 8 2009, would be rolled out by EON Bank Group together with technology services firm Silverlake Group.

Silverlake Group president Ronnie Tan said, "As a strategic IT partner of the EON Bank Group, we will leverage on these successful experiences and expertise to continuously help EON Bank Group in enhancing their Silverlake integrated core banking solution to support the Bank's business strategy."