Fintech is causing massive losses. https://www.finextra.com/newsarticle/40236/fintech-cheerleader-tiger-global-faces-massive-losses
Sent from Yahoo Mail for iPhone On Sunday, June 19, 2022, 11:11 AM, Tom Brennan <t...@tombrennansoftware.com> wrote: That's the most realistic assessment I've seen. On 6/18/2022 11:36 PM, David Crayford wrote: > It's not just about fixing broken code. If you read the ING CIO's > remarks about why they wanted off the mainframe it's not about the > platform. Nobody denies that mainframes are insanely brilliant hardware > platforms. ING wanted to get rid of batch and move towards an event > driven architecture using pub/sub where they can easily deploy loosely > coupled micro-services to provide cutting edge products. The technology > stacks are built on open source such as Kafka, MongoDB, Cassandra, NiFi, > Avro etc. The retail banking industry has been disrupted by fintechs so > waiting for an overnight batch schedule for settlements is a competitive > disadvantage. Cracking open and modernizing 50-60 year old COBOL batch > applications is a VERY heavy lift. > > https://www.theregister.com/2016/07/01/ing_mainframe_strategy/ <- read > the comments section. It's hilarious :) > > The doubly whammy is there's a skills crisis slowly unraveling. In the > last year we've had 3 key resources move to 3 day weeks with a view to > retiring. Replacing highly skilled assembler programmers with deep > subsystem knowledge is proving to be difficult. Young people don't want > to learn HLASM as they consider it a dead-end. Their position is "why > invest 3-4 years learning a language that is useless if you move to > another industry?" I can't comment about COBOL application developers. > > In 10 years time I expect the mainframe to be alive and kicking and > significantly modernized. The small/medium shops will probably be all > gone. When I first moved to my current town in 1998 there were 25-30 > mainframe sites. Now there are 3 and 1 is on life support. One of our > customers re-platformed their CICS/COBOL/Batch applications from a z9 to > a single blade server. It doesn't make any sense financially for a small > site to run a mainframe. > https://www.itnews.com.au/news/wa-insurance-commission-decommissions-mainframe-322780 > ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN