Could be something, could be nothing, but today we were unable to submit any financial information to any of the major banks networks.
Small credit unions and local institutions seem to be operating fine, but all of the major banks we work with had their systems offline today.
QFS taking over?
Possibly... If that were occurring, then I would imagine it would look something like this.
Never in my career have I seen every major institution go down all day long, billions in revenue were not processed globally today, that's for sure.
I'm a bit out of touch but I've worked on bank networks and have to agree, this is unprecedented.
I also helped build and design a bank network including site resilience, there isn't any single point of failure I can think of even for two banks, let alone multiple.
Unprecedented for sure, we're talking about dozens of the largest banks in the world being down all day long across all systems, never seen anything like this
Agree, worked for top 3 IT Firm and have spent 15 plus years in FinTech. A backhoe incident can take out multiple branches, but at this level, it's unprecedented. It will be interesting to see the RCA on this. Shouldn't be any SPOFs that could result in wide scale outage of this caliber. It's been a couple of years since I left, but the whole point of amazon hosting, was the redundancy. As far as a SLA, most of those are sitting at 4 9999's. It will be interesting to see if someone made a career move out the front door with an unauthorized change that f'd up something.