Thread regarding Bank of New York Mellon Corp. layoffs

Antiquated technology at the bank

Quick question - do you think that something will change soon and the leadership will finally realize that it is time to invest a little more in new technology?

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Post ID: @OP+1gHNcZyW

26 replies (most recent on top)

“My sources say no”

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Post ID: @jwth+1gHNcZyW

Nope. There’s actually some Jack wagon in the Catalyst thread being proud of cutting edge applications like Nexen, of all things, and migrating an app to Greenfield.

That’s the culture that we’re dealing with now. Way down from before we were taken over and they sent in the clowns.

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Post ID: @jbwi+1gHNcZyW

Yeah we’re in a state of flux without the “L”

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Post ID: @jbjn+1gHNcZyW

@OP+1gHNcZyW

“Outlook not likely”

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Post ID: @jjiu+1gHNcZyW

@elwx

The Bank is in flux. There’s going to be a lot of posturing, alliances and self promotion among the political class, whom essentially are paid to network, not to work. Expect an influx of C Suite “leaders” making us even more top heavy than ever before. The best salesmen get Robin’s ear and the big bucks. Don’t expect anything meaningful for a few years until the new pecking order is settled.

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Post ID: @gcip+1gHNcZyW

The newest round of Product doesn't even care how our products work now. Just want to design new products without any regard for actual need or justification. Serious waste of time and money.

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Post ID: @elwx+1gHNcZyW

I’ve worked at 4 banks and always found this pattern. The business originally provides SMEs to educate the developers on the business and the requirements. The original developers, QA and operations are all engaged and knowledgeable. After a few years people come and go there are usually some long timers in Operations with the knowledge. 10 years out Product and Operations always ask the developers how it works and why it works that way.

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Post ID: @dijt+1gHNcZyW

Speaking of SME's, this is the only company I've ever worked for that expected IT to provide SME's for the businesses. IT is supposed to know the technology, not be experts on the business. The geniuses in the business units keep moving people out of their silos so everyone just knows a little about everything. I bet I have a different liaison to work with every year and they always come to me to look at code to see how things work.

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Post ID: @djnn+1gHNcZyW

@6nwl+1gHNcZyW What do you mean there are no SMEs? They bring in new SMEs all the time and throw the old SMEs to the curb. Oh wait, are the new SMEs actually supposed to know something? LOL.

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Post ID: @ddly+1gHNcZyW

What magic latest and greatest technology? We are talking about blowing a chance to fix buggy applications during a migration with a lot of funding. All that is needed is a rewrite with another set of eyes working with the original developer to figure out where it went south.

Brownfield TSG middle management, correct?

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Post ID: @dzqq+1gHNcZyW

@5ubq, so what is the latest and greatest technology you would replace CEEP with? Seems to me it's just an application that provides entitlements to bank apps. In order for our apps to use it there would need to be many upgrades to it to provide the user's current user group, private label code, account number, etc. If it makes financial sense to update CEEP to do that so I can migrate my apps away from the UPS web service, put together a plan showing it.

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Post ID: @6tff+1gHNcZyW

I work on technology projects. The amount of time & money wasted & # of projects at risk due to lack of SME’s is astounding.

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Post ID: @6nwl+1gHNcZyW

CEEP.

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Post ID: @5ubq+1gHNcZyW

@4wzc, still waiting. You just want to complain but have no idea what you're talking about. There is certainly a bunch of processes that should have been automated but won't be because of short sighted management swinging axes. But that's not really technology. In fact, if anything we look TOO much at se-y things such as machine learning/AI to automate things and not enough at management 101.

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Post ID: @4fem+1gHNcZyW

@3ixz+1gHNcZyW

Willful ignorance is denial, not bliss.

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Post ID: @4wzc+1gHNcZyW

Who cares. They can use pen & paper & a carrier pigeon for all I care.
The company sucks.

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Post ID: @3qlz+1gHNcZyW

Still waiting for examples of antiquated tech that isn't being addressed.

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Post ID: @3ixz+1gHNcZyW

@3dhk, I don't think the GF team was very helpful for anyone. But preparing apps for the migration wasn't exactly rocket science.

  1. Use current software.
  2. Store credentials in SMS.
  3. Use standard URLs and DNS.
  4. Use standard monitoring tools.
  5. Use standard authentication.
  6. Pass EH scan.

The biggest failure is not handling each migration as an agile process. Most of those upgrades should have been done before migrating to new servers.

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Post ID: @3zeh+1gHNcZyW

I've left BNY a while ago and but still occasionally visit this page. At the time I left, management kept pushing everyone to migrate the applications to Greenfield but it was far too early. If the app your team was developing/supporting was using the Java+SQL+React/Angular stack then the process was fairly smooth and there would be support along the way.

But if you happen to stray even slightly from the recommended stack, then the GF team becomes a bunch of headless chickens who won't be able to help you on anything. So you'll be on your own to figure everything out while still being forced to adhere to migration deadlines.

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Post ID: @3dhk+1gHNcZyW

@paa+1gHNcZyW

Intentionally neglecting bug fixes in the GF migration era was a big miss. Investing in auto build and deploy before fixing problem apps repeats the same mistake. Yes, of course it’s more expensive but quality always is.

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Post ID: @2cub+1gHNcZyW

@1ocj+1gHNcZyW

“Ben if it’s get worse each year”

Are you asking Ben if it gets worse every year or do you mean “benefits”?

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Post ID: @2ovp+1gHNcZyW

The cost of upgrades as a percentage of our revenue……it’s going to take time and we will fall further behind our rivals.

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Post ID: @1mxt+1gHNcZyW

Isn’t antiquated technology at the Bank redundant?

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Post ID: @1pwy+1gHNcZyW

They have been moving in the right direction with some technology. The AppEngine stuff is pretty good compared to BXP1 and 2. Greenfield was an attempt to modernize the infrastructure, but the real problem is the applications. The one I managed was super old, didn’t work on modern browsers, and needed regular manual database updates to just keep it running on a daily basis. Oh yeah, this was a critical business system and the single worst piece of code I’ve worked on in my entire career. Literally nobody wanted to work on it because of the risk to sc--w it up more. A sh---y application in Brownfield is still a sh---y application when it is running in Greenfield. BNY Mellon has mostly moved app development to India to save costs and no offense to those guys - they aren’t skilled enough to tackle the issues. So don’t your breath for change.

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Post ID: @1kow+1gHNcZyW

Who cares! The problem at this dump is it pays poorly, Ben if it’s get worse each year, is about as woke as you can possibly be…continually push thei propaganda, And they treat employees like sh*t.

I don’t give a rats a** what technology they use.

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Post ID: @1ocj+1gHNcZyW

Such as what? We have a state of the art data center. We certainly have some systems that could be updated but we're already doing that for ones that will reduce risk or make us money. We're even investing in auto build and deploy which has been lacking here forever.

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Post ID: @paa+1gHNcZyW

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