Eine der Schlüsselfragen der RZ-Modernisierung ist: Was geschieht mit den Mainframes? Sie stellt sich immer wieder, wenn Software und Hardware erneuert werden müssen. Bislang kam letztlich meist ein Nachfolgemodell zum Zuge – es gibt einfach zu viel Legacy Code. Doch es gibt auch Alternativen zur Migration.
Informatique News: Le mainframe, une entrave à la transformation numérique des banques?
En se positionnant entre les banques et leurs clients, voire même en remplaçant les institutions bancaires dans certains pays, les FinTechs et les GAFA font de l’ombre aux acteurs financiers traditionnels et menacent de rompre la communication directe entre les clients et les banques, reléguant ces dernières à un rôle d’intermédiaires de paiement. Les FinTechs tiennent leur agilité d’infrastructures et de langages de programmation basés sur les standards les plus récents. Difficile pour les banques de suivre ce rythme effréné alors que leurs systèmes, aussi fiables soient-ils, sont monolithiques et peu évolutifs.
Increment: It’s COBOL all the way down
COBOL remains widely and actively used across the financial system, with no good plan for transitioning to modern codebases, nor for keeping a viable coder workforce active. That’s a problem, because while some schools still teach COBOL and many outsourcing firms train employees in it to meet their employers’ needs, it’s not enough. Someone has to maintain an estimated hundreds of billions of lines of COBOL that remain in use, with billions more being written each year for maintenance and new features.
Global Banking & Finance Review: LzLabs appoints Colin Gray as Senior Vice President of Global Sales
LzLabs today announced that it has appointed Colin Gray as Senior Vice President (SVP) of Global Sales. Colin brings with him over 25 years of leadership experience in both start-up and established business environments and joins LzLabs to drive global commercial opportunities as the organization continues to build on its European customer base.
Finextra: Will PSD2 and FinTech Competition Present Insurmountable Tech Pressures for Big Banks?
The challenge for many financial organisations, when enhancing digital services, is that the well-established portion of the financial industry, much like the global public sector, remains awash with legacy systems born during the first financial tech revolution of the 1960s and 1970s. These systems continue to support business models built well before the internet; when consumer banking was provided by branches and ATMs. It is estimated that over 70 per cent of global transactions are ultimately processed by mainframe applications running on COBOL code, many of which were written over half a century ago. Against this backdrop, born-on-the-web FinTech competitors continue to gain market share over traditional players, energised by systems that have open-source and the cloud at their core.
