lots of people think T+2 is related to trading but it's actually the formula for when proposed cloud migrations are completed with T being the original proposed completion year
Unironically the biggest news in fintech this week in terms of affected customers and dollar value, although probably few will see it that way. Having been there before, my heart goes out to the JPM eng team having to execute on a migration like thishttps://www.americanbanker.com/news/jpmorgan-chase-moving-retail-banks-core-system-to-cloud …
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I've been involved with a few of these in the past. 100% success rate. At staying on the old legacy system.
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i would bet that JPM's retail team will pull it off, if only because they have buy in from the new chief product guy who is clearly staking his credibility on it. when the C-suite is driving something like that it tends to grease the wheel quite a lot
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On-prem software is the worst, I am absolutely unironically rooting for JPM to pull this off
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apparently this project involves unifying the backend for all of their consumer products, im betting it'll be a few years before the final sunset but it sounds like they mean businesspic.twitter.com/EdR3kpndIi
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LOL god i feel like that exact sentence has been said to me before
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Seems like a terrible idea to me. All of society’s failures become correlated.
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Thought Machine are a pheomenal outfit. I know the company extremely well, and can only pass on my highest recommendations. No sarcasm: they’re full of pure talent.
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The ambition is there for many CIOs, however there were always HBI compliance and security hurdles in the way. Also difficult was unproven technology and platforms. Expect more stories like this one.
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