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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? Sur
by austinheap 6y ago
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.
- thetinguy 6y agoThe 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.
- austinheap 6y agoThe 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.
- medium_burrito 6y agoLet'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.
- emodendroket 6y agoQuite a few businesses are still simply more comfortable with any idea if Microsoft does it than otherwise.
- beebob 6y agoFrom 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.
- easton 6y agoOr 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..."
- roody15 6y agoAim.. Google for sure doesn’t come close to this for uptime. Microsoft as well.
- libraryatnight 6y agoDespite what their status pages would have you believe ;)
- deleted 6y ago[deleted]
- faeriechangling 6y agoIf 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!
- andrewnicolalde 6y agoThought Machine’s Vault targets the big 3 IIRC.