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Really interesting. Would love to understand how they came to the decision to build this,and whether there's any precedent for it.
by 4ndrewl 2y ago
Really interesting. Would love to understand how they came to the decision to build this,and whether there's any precedent for it.
- quesera 2y agoPayment card networks have delegated authorization plans, where if a major processor goes down, they will still route transactions and use a simplified secondary network for making approval decisions. It's called "stand-in processing", and I assume it's the inspiration here.
- 4ndrewl 2y agoThe Monzo example feels different though, as they're explicitly not looking to replicate all functionality, just something minimal to get by whilst they fix the primary cloud services.
- matt-p 2y agoPart of being a regulated bank in the UK is proving infrastructure resiliency. Monzo were the first bank here to run entirely on the cloud, so I imagine the regulators were extra strict with them. I'm not saying this level of resilience is due to that alone, but perhaps it started them on the path?