cm0002@lemmy.world to Technology@lemmy.worldEnglish · 5 months agoIBM releases a new mainframe built for the age of AItechcrunch.comexternal-linkmessage-square5fedilinkarrow-up125arrow-down13
arrow-up122arrow-down1external-linkIBM releases a new mainframe built for the age of AItechcrunch.comcm0002@lemmy.world to Technology@lemmy.worldEnglish · 5 months agomessage-square5fedilink
minus-squareDomeGuy@lemmy.worldlinkfedilinkEnglisharrow-up13·5 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-up1·5 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-up3·5 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