5 ms·
What I don’t get is that tangerine was originally ING Direct. Which was a new bank that just started in Canada toward the end of 90s or early 2000s. How did the
by jeromegv 8y ago
What I don’t get is that tangerine was originally ING Direct. Which was a new bank that just started in Canada toward the end of 90s or early 2000s. How did they end up with a COBOL system?
- Scoundreller 8y agoING Direct's parent, the dutch ING, fell on hard times during the 2009 recession. So ING sold it off to The Bank of Nova Scotia (BNS). Canada's bank-friendly anti-consumer policy meant that ING Direct had some value, and BNS coughed up the most cash. They were only allowed to use the orange ING branding for a few years, so they changed it to something that was borderline familiar: an orange fruit. BNS probably had to, or chose to, switch ING clients over from the Dutch back-end to their Canadian one.
- jeromegv 8y ago6 character limit was already there during ING Direct years. Possible they were using the old Dutch systems but i find it a tad surprising, they would have needed to set it up from scratch in Canada (as I don’t think anything was stored in Netherlands). So they purposely setup an old-ass system in the 90s. What a shit show
- graeme 8y agoPlausible, but they had six digit codes from the beginning.