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Computer says no

economist.com

11–20 of 45 posts

Re: Computer says no

#11
post #7

The banks website seems to be at https://www.metrobankonline.co.uk/ .. but Chrome says the SSL certificate is signed by an unknown authority, who claims to be VeriSign.

Works for me, with current Chrome dev (6.0.472.25). Which version do you have?

Re: Computer says no

#12
Completely agreed - as a former software developer for banks, they really don't like working on their own stuff - they typically buy it off the shelf, and don't ever think to do a hardware overhaul.

But then again, while working in the industry, there seems to also be a HUGE disconnect between banks' perception of technology and the part it actually plays. Chase seems to be getting into a good position as a result of closing that gap (pictures of checks deposited to your acct via phone).

Re: Computer says no

#13

" . . . isn’t Vernon Hill, one of the bank’s founders, tempted to build an IT system of his own? I hate programmers, replies this dyed-in-the-wool entrepreneur. They only cause trouble." Spoken like someone who's been there on a few projects.

A banker accusing programmers of causing trouble??

Re: Computer says no

#14
post #8

Is it me or doesn't this make any sense? But what really sets Metro Bank apart is its state-of-the-art IT system. Then at the end: With such grand designs, isn’t Vernon Hill, one of the bank’s founders, tempted to build an IT system of his own? “I hate programmers,” replies this dyed-in-the-wool entrepreneur. “They only cause trouble.” Didn't they already build a state of the art IT system?

Maybe they outsourced the building of it?

They did. Pretty much all of it.

Re: Computer says no

#16

Is it me or doesn't this make any sense? But what really sets Metro Bank apart is its state-of-the-art IT system. Then at the end: With such grand designs, isn’t Vernon Hill, one of the bank’s founders, tempted to build an IT system of his own? “I hate programmers,” replies this dyed-in-the-wool entrepreneur. “They only cause trouble.” Didn't they already build a state of the art IT system?

Good, cheap, fast, pick any two.

I can guess which two this guy chose every time.

Re: Computer says no

#18
post #11
post #7

The banks website seems to be at https://www.metrobankonline.co.uk/ .. but Chrome says the SSL certificate is signed by an unknown authority, who claims to be VeriSign.

Works for me, with current Chrome dev (6.0.472.25). Which version do you have?

Probably... I've got 5.0.375.125 beta. It's not new, but it's at least from this year.

I'd expect VeriSign to be on top of this.

Re: Computer says no

#19
post #7

The banks website seems to be at https://www.metrobankonline.co.uk/ .. but Chrome says the SSL certificate is signed by an unknown authority, who claims to be VeriSign.

The server is misconfigured: it's missing intermediate certificates in its chain. Chrome 6.x should be able to work around this on all platforms at the cost of making the site slower.

Additionally, the server is open to prefix attacks.

For a bank, that's a pretty miserable state of affairs.

Re: Computer says no

#20
post #9

This really creeps me out you know. Money has a first person ontology. Paper, metal, gold or bits are money because we believe its money. But if the reported numbers for the bank’s exposure were regularly billions of dollars adrift of reality then now can I believe that what I have is not going to disappear in a glitch or is created because of a glitch. Disclaimer:I am not an economist nor do I earn anything right no…

It's really no surprise. If a bank is processing data all the time in various, non-connected systems then the only way to know the actual state is to stop accepting input and to let all processes synchronize to the point where you can total things up. Anything else is going to almost certainly miss a bunch of stuff that is in the midst of being updated on one system, but not yet available on another, or counted doubl…

This is largely why 'real-time business intelligence' in banking is a pipe dream, and currently, any vendor who claims to do this is a snake-oil salesman.
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