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Any ideas what some of the challenger banks are using? I've not seen any examples beyond Nubank (~$10B valuation), who have bet big with Datomic: https://www.yo

by refset 6y ago

Any ideas what some of the challenger banks are using? I've not seen any examples beyond Nubank (~$10B valuation), who have bet big with Datomic: https://www.youtube.com/watch?v=VYuToviSx5Q https://www.youtube.com/watch?v=VYuToviSx5Q Also: https://www.datomic.com/nubanks-story.html https://www.datomic.com/nubanks-story.html

AmericanChopper 6y ago
Oracle has a banking platform that they mostly only succeed in selling to smaller banks. I don't know if that would count as "challenger" though.
_Understated_ 6y ago
Not sure exactly but any job ads I've seen for the likes of Monzo and Starling talk about backend engineers that have a deep knowledge of CI/CD and you don't do that on a mainframe. Also, Monzo are heavy users of Kubernetes, so again, no mainframe. [0][1] Starling use AWS and GCP [2] In addition, the cost of entry of a mainframe system is a high bar when you can spin up a server on Azure in seconds and deploy code to it in a handful more seconds and then scale it to the heavens in yet just a few more seconds... all for less than the hourly cost of the IBM salesman. I've yet to see any jobs that mention mainframes, Cobol or the like. [0] - https://monzo.com/blog/2016/09/19/building-a-modern-bank-backend https://monzo.com/blog/2016/09/19/building-a-modern-bank-bac... [1] - https://www.8bitmen.com/an-insight-into-the-backend-infrastructure-of-a-modern-digital-bank-monzo-architecture/ https://www.8bitmen.com/an-insight-into-the-backend-infrastr... [2] - https://blog.container-solutions.com/starling-how-to-build-a-bank-in-a-year https://blog.container-solutions.com/starling-how-to-build-a...
- AmericanChopper 6y ago
  > Not sure exactly but any job ads I've seen for the likes of Monzo and Starling talk about backend engineers that have a deep knowledge of CI/CD and you don't do that on a mainframe. The part of the bank that handles core processing is going to be a very small portion of their engineering team. Kube and DevOps ads don’t provide any hints about how much they might rely on DB2, COBOL, etc...

by refset 6y ago

AmericanChopper 6y ago

Oracle has a banking platform that they mostly only succeed in selling to smaller banks. I don't know if that would count as "challenger" though.

_Understated_ 6y ago

Not sure exactly but any job ads I've seen for the likes of Monzo and Starling talk about backend engineers that have a deep knowledge of CI/CD and you don't do that on a mainframe. Also, Monzo are heavy users of Kubernetes, so again, no mainframe. [0][1] Starling use AWS and GCP [2] In addition, the cost of entry of a mainframe system is a high bar when you can spin up a server on Azure in seconds and deploy code to it in a handful more seconds and then scale it to the heavens in yet just a few more seconds... all for less than the hourly cost of the IBM salesman. I've yet to see any jobs that mention mainframes, Cobol or the like. [0] - https://monzo.com/blog/2016/09/19/building-a-modern-bank-backend https://monzo.com/blog/2016/09/19/building-a-modern-bank-bac... [1] - https://www.8bitmen.com/an-insight-into-the-backend-infrastructure-of-a-modern-digital-bank-monzo-architecture/ https://www.8bitmen.com/an-insight-into-the-backend-infrastr... [2] - https://blog.container-solutions.com/starling-how-to-build-a-bank-in-a-year https://blog.container-solutions.com/starling-how-to-build-a...

AmericanChopper 6y ago
> Not sure exactly but any job ads I've seen for the likes of Monzo and Starling talk about backend engineers that have a deep knowledge of CI/CD and you don't do that on a mainframe. The part of the bank that handles core processing is going to be a very small portion of their engineering team. Kube and DevOps ads don’t provide any hints about how much they might rely on DB2, COBOL, etc...