News for hackers. Stuff that matters.
Re:MS Azure down: An emerging issue is being investigated by austinheap on Thursday April 01, 2021 @07:54PM (#26667732)
I’m unaware of any Core Banking Systems (CBS) that runs on a cloud provider with the exception being Finastra (Azure). Other parts of retail banking stacks? Sure. Not their cores.
Re:MS Azure down: An emerging issue is being investigated by andrewnicolalde on Friday April 02, 2021 @04:01AM (#26669799)
Thought Machine’s Vault targets the big 3 IIRC.
Re:MS Azure down: An emerging issue is being investigated by thetinguy on Thursday April 01, 2021 @08:02PM (#26667790)
The major cloud providers all aim for 99.999% uptime. Keep in mind that 99.99% uptime means ~4 minutes of downtime a month. I think there are other reasons that banks may not want or have the ability to run their core services on the cloud.
Re:MS Azure down: An emerging issue is being investigated by austinheap on Thursday April 01, 2021 @08:14PM (#26667856)
The vast majority of retail banking institutions do not run their core. They outsource it to the major core vendors to ‘protect themselves from themselves’.

It’s atypical motivation but one of the few verticals I know of where the cloud is largely out of the equation.

Re:MS Azure down: An emerging issue is being investigated by medium_burrito on Thursday April 01, 2021 @08:36PM (#26667989)
Let's be honest, it's Azure. The only reason you choose it is because either you compete with Amazon in some way, or you hate your infrastructure engineers, or don't know better.
Re:MS Azure down: An emerging issue is being investigated by easton on Thursday April 01, 2021 @09:53PM (#26668377)
Or because you already use Microsoft mail, so you already have Azure AD there, and they sent you some credits in an email, and then...

I think Azure is cheaper for certain workloads as well, and at one point had DCs in places where AWS didn't. But it's mostly the "we already buy X Microsoft product, and they cost about the same, so..."

Re:MS Azure down: An emerging issue is being investigated by emodendroket on Thursday April 01, 2021 @08:42PM (#26668032)
Quite a few businesses are still simply more comfortable with any idea if Microsoft does it than otherwise.
Re:MS Azure down: An emerging issue is being investigated by beebob on Thursday April 01, 2021 @09:02PM (#26668150)
From what I’ve seen up until now it’s often the last option. I’ve seen comparisons between the major cloud providers, but those have often been on the level of “I can boot a VM with x cpu on provider y and z”. With these kind of comparisons a major deciding factor then is discounts. And that’s an area Microsoft excels at.
Re:MS Azure down: An emerging issue is being investigated by roody15 on Thursday April 01, 2021 @08:56PM (#26668122)
Aim.. Google for sure doesn’t come close to this for uptime. Microsoft as well.
Re:MS Azure down: An emerging issue is being investigated by libraryatnight on Friday April 02, 2021 @01:08AM (#26669147)
Despite what their status pages would have you believe ;)
Re:MS Azure down: An emerging issue is being investigated by faeriechangling on Friday April 02, 2021 @07:56AM (#26670679)
If that's what they're aiming for they're sure missing their targets an awful lot. I guess that I'm proud that they're aiming for the stars!