Re:Ask HN: Why is there so little info on the web about IBM ...
by bob1029 on Monday November 28, 2022 @07:36PM
(#33782043)
> I haven't heard of a bank switching over to a rack of PCs, yet.
Right. The main limitation is the core software platform. This is an extraordinarily complex system that requires expensive regulatory sign-off/audit/etc.
There are some vendors in the space who are trying to do a new bank + new core. Even if someone had an awesome x86 clustered core system with 100% regulatory approval, any existing mid-tier bank converting to it would be an ~8 figure ordeal.
Right. The main limitation is the core software platform. This is an extraordinarily complex system that requires expensive regulatory sign-off/audit/etc.
There are some vendors in the space who are trying to do a new bank + new core. Even if someone had an awesome x86 clustered core system with 100% regulatory approval, any existing mid-tier bank converting to it would be an ~8 figure ordeal.