51–55 of 55 posts
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Surely by being a bank, you are already exposed to that.
Exposed yes, but not fatally if you're working with alternative de-dollarised banking systems in the eurozone, for example.
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Exposed yes, but not fatally if you're working with alternative de-dollarised banking systems in the eurozone, for example.
Won't help if they sanction you and cut you off from SWIFT (or the card networks) so it just depends on the degree of the governance issues here.
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I've never run a bank either, but their current setup is very cost effective. A true multi cloud architecture would be "much" (a couple of 9s) more available, but I believe it would introduce other issues. The goal was to ensure the use of a subset of features for short periods of time, which is probably already above the market standard.
The cost effectiveness doesn't really add up for me either though (and again, I lack a lot of context). 1% of cost to run everything essential doesn't pass the sniff test, I assume it's much more during an actual failover. But I'm also not suggesting running any more hardware than the number of failure domains you want to be resilient to losing, and on cloud you could choose to run less and scale (assuming you aren't…
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I'm a bit curious about Spanner. At $EMPLOYER we were going to do multi cloud with multi-region CockroachDB clusters but gave up on it because write latencies and costs were too high. Do you not get the same thing with Spanner, where technically you can have multi region but it's very unattractive to actually do?
I'm afraid I'd have to defer to the public docs on this. I've only used it internally and a bunch of that is not public. What I would say is that it's considered to be much better than CockroachDB, but that there's no getting around physics. Spanner is subject to the same speed of light... but in every other way it does what it can do to improve things at every level. Google's use of GPS hardware for better timing is…
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Won't help if they sanction you and cut you off from SWIFT (or the card networks) so it just depends on the degree of the governance issues here.
Most european banking entities already have and use SEPA.