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Banks scramble to fix old systems as IT 'cowboys' ride into sunset

reuters.com

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Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#111
post #93

Earlier quoted context omitted.

> high 6 figures a year without working too hard Wow, like $800-900k?

I expect he meant the high range of 100K-200K. It's a colloquialism I hear periodically. I took it to mean $180K-$200K.

How can "high 6 figures" mean high 100-200k? Ugh, I hate english.

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#112

Earlier quoted context omitted.

I never wrote RPG code, but 50k LOC seems a pretty small project to me...

A 50k LOC program serving a critical business function without a test suite or requirements documentation can be quite a chore to replace, especially if you let it go until you have neither staff experienced in the language or with experience with the background of the specific application.

I've converted such programs from one language to another. It is not necessary to understand how the program works, only how the language works.

What you do is function by function, convert the language by duplicating what it does in the new language. Resist any and all urges to fix it, refactor it, improve it, etc. Just translate.

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#114
post #111

Earlier quoted context omitted.

I expect he meant the high range of 100K-200K. It's a colloquialism I hear periodically. I took it to mean $180K-$200K.

How can "high 6 figures" mean high 100-200k? Ugh, I hate english.

It can't. This is not reasonable English, it's (presumably) a misspeak by the OP. People make these kinds of mistakes in every language.

It is highly unlikely that that the OP is making $800k/yr consulting as a programmer. That's $400/hr sustained for more than a year of fulltime work.

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#115
post #54
post #52

Been working on accounting systems in RPG and COBOL since ~1992. I also know C/X86ASM/Pascal/Delphi/VB/Fortran. Never bothered with C++ that much; played with Java a bit but Oracle irritates my bowels so moved away from that. As mentioned in the article it's good work; but it is also not easy work. You tend to go through cycles of being pushed out to brought back under extreme emergency at any costs to get stuff work…

I smiled at your last comment. You're clearly a charming individual :-) Out of interest, what's the solution here? With your experiences in mind, what are the banks doing wrong from a technological perspective? I get the impression banks should almost start again on the side, building a completely new bank they then (manually?) move customers over to, or just use to take in new customers whilst waiting for the previo…

French banks are actually doing that! SG/Société Générale, a brick and mortar bank that costs a hundred dollars a year, built Boursorama, an e-bank that's free and that gives you $200 if you subscribe. Advantage: SG has too many manned agencies and can't justify preemptively mass-firing them yet – they first need the customer base to dwindle. Better IT, usage of Internet techniques at the core, and drastically simplifying the product line is an intended consequence.

Same happens with other French banks. As a personal PoV, banks' manned agencies provide bad service (from 20x delays to plain mistakes), so I won't cry for them.

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#116
post #55

Earlier quoted context omitted.

It is amazing how many companies don't think they're software companies, even though they are 100% reliant on their in house software. "We aren't a software company" is even a direct excuse I've heard a few times to justify ignoring technical debt.

What's worse is companies who 100% outsource to customized versions of a vendor's code. At least banks own the source to what they run even if they can't run it without a license. Clothing company I know sitting next to amazon pays the equivalent of about 5 fte senior amazon engineers a year in licensing the software they run every year to a vendor who charges them another 5 engineers worth to implement all of the cu…

This is accountant math with capex vs opex. I don't know how but they manage to convince companies that their saving money by spending 10 times as much.

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#117
post #111

Earlier quoted context omitted.

I expect he meant the high range of 100K-200K. It's a colloquialism I hear periodically. I took it to mean $180K-$200K.

How can "high 6 figures" mean high 100-200k? Ugh, I hate english.

While I agree, I heard a similar thing on the weather (here in the UK, in degrees Celcius), when the weather woman said we would be in "mid double figures" tomorrow, clearly meaning around 15 degrees, not 50!

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#118
I work at a large bank in my country.

We have quite a few old gentlemen that work about four hours a day on insane hourly rates doing this sort of work.

They seem to be living the life quite frankly, spending the rest of their day boating and what not. It's like the perfect retirement for them in that they get to stay challenged, get paid handsomely and still have most of the day to actually kick back.

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#119
post #93

Earlier quoted context omitted.

> high 6 figures a year without working too hard Wow, like $800-900k?

It's not unheard of. But you must understand that these are people that have a pretty decent job security in an often huge codebase that has been aquiring cruft for 30 years in language most people don't understand. I would like to be able to claim that the code is good, but some of the people writing it in the first place were not programmers. It is not strictly bad, but some parts are just mine fields. A bit relate…

> COBOL programming is not very rewaeding, and at least in Sweden, most of it is slowly being moved to other languages.

Which would imply that there's a demand for people who know both COBOL, and whatever's the popular migration target for such systems these days (I assume Java?).

Re: Banks scramble to fix old systems as IT 'cowboys' ride into sunset

#120
post #78
post #31

Earlier quoted context omitted.

You got that right. I had to deal with an interesting banking file format and I asked a question on Stack Overflow and got this gem of an answer. I politely accepted it as the right answer but boy oh boy does it feel like it's from an alien civilization. http://stackoverflow.com/questions/28640159/what-is-the-diff...

Although I was never a mainframe programmer per se, I did quite a bit of interfacing between mini/microcomputers and IBM mainframes, so I got to see under the hood a little. (If I write something stupid, it's either memory issues or ignorance). I recall seeing how files were allocated on disk (remember that mainframes have many different OSes, like OS\390, and even OSes on top of OSes like VM/CMS, and I don't remembe…

Fixed-length fields and records weren't all that long ago. Remember ISAM in QuickBASIC and VB for DOS?
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