alt Hacker News> In banking, telecom, and payments, reliability is not a nice to have. It is table stakes.
Haha as someone who has worked in one of these domains using FP even - I wish the people in charge agreed with you!
Reliability is a cost center and Product-oriented Builders treat it as such.
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Honestly, as someone else who does a lot of data plumbing, there is so much FTP servers with excel sheets being used as the means for official clearance processes.
There are constant data bugs in the feeds provided by major exchanges, market makers, etc, and so many iffy business rules that are basically all encoded in 100+ tab excel sheets.
Maybe this article focuses on a very specific niche of banking, but most of it is tied together with FTP and excel sheets.
I think the author would be shocked just how flaky a fundamental banking protocol like SWIFT is.
Perhaps someone can enlighten me on this. I never quite understood the sentiment of treating money-related tech as somehow more critical than others. The effects of large SaaS services failing and the bank failing can be quite similar - businesses interrupted, money lost, etc. but it’s typically not life and death, so the importance of reliability should be similar.
I can understand treating social network sites as less critical, of course.
Yep, in practice a lot of orgs treat reliability as a cost center until an outage becomes a headline or a regulatory incident. I’ve seen the same tension in payments/banking: product pressure wins until the risk is visible.
Part of why I like “make invalid states unrepresentable” approaches is exactly that: it’s one of the few reliability investments that can pay back during feature work (safer refactors, fewer regressions), not only during incidents.