4 ms·
How much COBOL do you have to write on a daily basis?
by earthboundkid 5y ago
How much COBOL do you have to write on a daily basis?
- strzalek 5y agoZero. The whole stack is built in golang from scratch and we integrate with FED over some... interesting protocols.
- thecosas 5y agowe integrate with FED over some... interesting protocols. Would love to know more!
- usrn 5y agoMy understanding is they sftp batches of CSV files at eachother.
- shivaas 5y agothis is probably closer to the truth that you might have imagined :) that at that most of the $1T+ ACH transfers that happen daily in the US banking system happen over plaintext files and SFTP (source: I've written one of these files)
- jawspeak 5y agoUsing Fedline Command with Axway by chance? E.g. see https://www.frbservices.org/binaries/content/assets/crsocms/resources/fees/2022-fedline-comparison-matrix.pdf https://www.frbservices.org/binaries/content/assets/crsocms/... matrix of ways to connect to the Fed.
- solaxun 5y agoSo I guess that means handling SWIFT MT / ISO 20022 messages is a big part of the custom stack?
- Asafp 5y agoHi, I am an Engineer at Unit.co, a company that also builds Banking as a Service. I can share that not only we do not use COBOL, but our entire backend is written in Pure Functional Scala (and typescript for UI).