cm0002@lemmy.world to Technology@lemmy.worldEnglish · 7 months agoIBM releases a new mainframe built for the age of AItechcrunch.comexternal-linkmessage-square8fedilinkarrow-up138arrow-down117
arrow-up121arrow-down1external-linkIBM releases a new mainframe built for the age of AItechcrunch.comcm0002@lemmy.world to Technology@lemmy.worldEnglish · 7 months agomessage-square8fedilink
minus-squareDomeGuy@lemmy.worldlinkfedilinkEnglisharrow-up20·7 months agoIBM has never stopped selling mainframes. One of the big reasons why finance transactions are still COBOL is IBM consultants insisting that a centralized mainframe is better than a private cloud.
minus-squaretomatolung@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months agoI can search it, but do you have a description of what type of finance transaction are being processed this way still?
minus-squarestochastic_parrot@sh.itjust.workslinkfedilinkEnglisharrow-up5·7 months agoCredit card transactions and many banks too. Source: https://www.precisely.com/blog/mainframe/9-mainframe-statistics
IBM has never stopped selling mainframes. One of the big reasons why finance transactions are still COBOL is IBM consultants insisting that a centralized mainframe is better than a private cloud.
I can search it, but do you have a description of what type of finance transaction are being processed this way still?
Credit card transactions and many banks too. Source: https://www.precisely.com/blog/mainframe/9-mainframe-statistics