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I bet the Federal Reserve still uses old mainframes. Edit: Not sure why I am being down-voted. A lot of banks still use mainframes: http://mainframes.wikidot.
by w8rbt 11y ago
I bet the Federal Reserve still uses old mainframes.
Edit: Not sure why I am being down-voted. A lot of banks still use mainframes:
http://mainframes.wikidot.com/ http://mainframes.wikidot.com/
http://www.networkworld.com/article/2916081/network-management/big-iron-and-banking-why-all-major-banks-rely-on-mainframes-and-are-growing-their-use-of-mainframes.html http://www.networkworld.com/article/2916081/network-manageme...
- samstave 11y agoThey use an outdated system entirely. Period. Audit and abolish.
- JoBrad 11y agoYou're right, mainframes are huge in finance, and I wouldn't be surprised to find that the Fed uses them. I found the second link you posted to be quite baffling; I have worked for several companies where I had to integrate newer and older systems, and I would never list "integration" as a reason to use a mainframe. Yes, it can be done, but in my experience the assumption is that the mainframe must be worked around, with all of its fixed-width EBCDIC glory.
- kjs3 11y agoIt's been decades since integration with an IBM mainframe environment meant directly fiddling with EBCDIC. There's a whole ecosystem of tools and wrappers that take that burden (and many others) away.