The Mainframe, Open Source And Renewal of Financial Systems
Video discusses why hardware failure redundancy is not an adequate approach to platform migration for financial systems, how open source is changing the platform, the Linux Foundation’s Open Mainframe Project, and what vendor, mainframers and customers can do to move the transformation of these systems forward towards a better future with broader societal benefits. Blog entry is located at: https://ledgerlearning.com/2020/09/16/the-mainframe-open-source-and-renewal-of-financial-systems/. This is episode 227 of Conversations with Kip, the best financial system vlog there is. Literally learn more–about ledgers and financial systems–at http://www.FinancialSystemsEducation.com Watch all episodes in order at https://www.youtube.com/playlist?list=PL2UrMfZzcfvFB_tskAKbyMTeSPNklOa7N
Introduction: 00:00:00
Bank Account Reconciliation: 00:01:00
Cloud Based Systems Comparison: 00:01:28
Projected Death of the Mainframe: 00:02:21
Fundamental Data Structures: 00:03:43
Complexity of Financial Systems: 00:05:23
Error Rates in Financial Systems: 00:07:23
Redundancy to Overcome Errors: 00:09:17
Vendor Response: 00:12:02
Potential Vision for Renewal: 00:14:02
Open Source Impact: 00:16:48
Need for Mainframer Leadership: 00:18:11
Customer Contributions: 00:19:35
Need Public Systems, Open Source Virtual Machines: 00:21:28
Open Mainframe Project and Financial System Renewal: 00:22:40
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Summary in Slides: 00:25:20
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What’s a Mainframe: 00:25:26
Stewart Alsop Mainframe Death Prediction: 00:27:12
Holger Mueller Insights on Winning of Open Source: 00:28:01
Frank Scavo on Open Source ERP Systems: 00:28:57
“Chapter 2” of Cloud Migration or System Renewal: 00:30:11
Functional Requirements and Complexity: 00:31:52
UNIX Systems Services and Impact on z/OS: 00:34:02
Linux Foundation’s Open Mainframe Project: 00:35:27
Open Source Economy: 00:36:00
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