So Kim Hammonds goes from a 'global chief' to just a 'chief' and that's a promotion?
And, John Cryan. What's he sad about?
Deutsche Bank is the latest financial institution to announce plans to rip out its creaking IT, according to reports. According to the Financial Times, John Cryan, the new boss of Deutsche Bank, is determined to overhaul the creaking computer systems that he blames for its woes. It follows a major management restructure last …
Moving all of Deutsche Bank's data to the HP cloud, which, of course, is a US company with servers that may or may not be on US soil (does it matter - US company = accountable to the NSA) ???
With Merkel already having been PRISM'D, is this really wise, after all what could possibly go wrong...
Lots and lots and lots of HP blades running RHEL
Quite a lot of long in the tooth solaris boxen
Huge amounts of Oracle licenses
It's been "required" for at least a couple of years to deploy on the in house virtualized platform (dweb), which used to be unstable and slow, so anyone who wants their system to perform tries to get an exemption.
No live PDP11s as far as I know, but most banks still have a few VMS boxes to run Ralfe and Nolan (futures and options trading system)
My math teacher at uni who also taught us FORTRAN77 (I just missed having to use punch cards by 6 months) liked to tell the story of that one guy in a Deutsche Bank data centre who dropped a stack of jobs on punch cards down a flight of stairs on his way to the stack feeder/reader, swept them all up again as they were and dumed them in the feeder. Allegedly bricked the mainframe for a week.
It certainly sounds like putting all one's eggs in somebody else's basket...
Having a contractual agreement on security, availability and reliability does not save your business when it breaks. It is difficult to sue your cloud provider when you have already gone bankrupt.
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