Mainframe Integration and Migration Blog Posts | GT Software
Can Open Banking Break Down Silos in Bank Culture?

Can Open Banking Break Down Silos in Bank Culture?

The concept of open banking is often described as the free exchange of data with consumer consent, of course. The goal is to anticipate individual consumer needs by feeding AI and machine learning programs with buckets of data. Then, team up with third parties to offer a highly personalized banking experience with more relevant products … Continued

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Government Agency Maintains Continuity Through Pandemic with Ivory

Government Agency Maintains Continuity Through Pandemic with Ivory

It’s business as usual during COVID-19 for this government agency. As the largest U.S. municipal public employee retirement system, one agency has substantial technology needs all year long, let alone during a pandemic. The agency assists more than 350,000 workers from both civilian and uniformed vocations, administers pension benefits, and offers a variety of financial … Continued

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A Call for Traditional Banks to Break Out of the Branch

A Call for Traditional Banks to Break Out of the Branch

Traditional banks are truly at a crossroad. It is a divergence carved out by increasing competition and changing consumer attitude. On one side, there’s the familiar way that things have always been done. On the opposite path, runs the dark and foggy road of uncertain banking territory, ripe with hybrid cloud, API interfaces, and concepts … Continued

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Has the Ship Sailed on Open Banking Partnerships?

Has the Ship Sailed on Open Banking Partnerships?

Last year, the finance industry buzzed with the endless possibilities of fintech and traditional banking partnerships. It was believed that traditional banks might benefit from the speed, agility, and focus of startups. Plus, they could keep a close eye on disruptive innovation. Fintechs would grow rapidly from the resources, scale, and brand credibility that banking … Continued

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Open Banking: Using Rich Data and Functionality

Open Banking: Using Rich Data and Functionality

As a bank executive, you know your company has access to all kinds of data, and your job is to find the most valuable ways to use it. Data is an opportunity to understand your customers better and get an idea of their needs. According to Srini Nallasivan, chief analytics officer at U.S. Bank, this … Continued

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The Importance of Middle and Back Office Operations

The Importance of Middle and Back Office Operations

The open banking movement has been spreading across the world, with forecasts showing it’s gradually expanding to the United States. Open banking puts consumers in control of their financial data, allowing them to decide how they want to share their information. But companies in the financial industry can also see numerous benefits from it as … Continued

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Open Banking: Is Availability the Key to Adoption?

Open Banking: Is Availability the Key to Adoption?

When talking about IT availability, the goal is to get as close to 100% available as possible. Just as nothing in life is certain, nothing in IT is always available. Hardware and software eventually break down. Nevertheless, companies can get very close to meeting the established expectation that tech should be always on. The holy … Continued

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Mainframes Back in Spotlight Due to COVID-19

Mainframes Back in Spotlight Due to COVID-19

Over 30 million Americans have already filed for unemployment due to the COVID-19 pandemic and legacy government systems are struggling to keep up with the staggering increase in demand. These mainframe systems rely on the programming language COBOL, and programmers with a background in the language are being called on to ease the burden. However, … Continued

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Are U.S. Banks Ready for Open Banking?

Are U.S. Banks Ready for Open Banking?

Open banking, a concept that puts individuals in the driver’s seat when it comes to sharing their fiscal data, is impacting the financial services industry in countries across the globe. As its adoption continues to accelerate in the United States, consumers are demanding real-time payments and open access to financial information. But are U.S. Banks … Continued

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FDX Reaches 100-Member Milestone

FDX Reaches 100-Member Milestone

The Financial Data Exchange (FDX), an organization that is empowering consumers with the access and transparency to make informed financial decisions, has just reached its first of many membership milestones. Over 100 companies now belong to FDX, with its community growing to 103 in April. As membership grows, so does the adoption of the FDX … Continued

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Upcoming Webinar: Are U.S. Banks Ready for Open Banking?

Upcoming Webinar: Are U.S. Banks Ready for Open Banking?

Open banking is already proving to be a disruptive force in the financial service industries across the globe. As consumers in the United States begin demanding real-time payments and open access to their data, the U.S. financial service industry seems primed for open banking. But are U.S. banks ready? It’s not that traditional U.S. banks … Continued

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How to Deal with the Legacy Systems Skills Gap

How to Deal with the Legacy Systems Skills Gap

During this coronavirus pandemic, many underlying problems have surfaced. One such issue is the unequal ratio of working COBOL programmers to the number of legacy applications and systems, which run on COBOL code, still in production today. In fact, many people are surprised to learn how many mission critical applications, services, and processes depend on … Continued

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Ivory Available Through New Red Hat Marketplace

Ivory Available Through New Red Hat Marketplace

A simple way to buy and manage enterprise software, with automated deployment to the cloud We’re excited to announce GT Software’s mainframe integration software, Ivory, was invited to be one of the first products available through Red Hat Marketplace. Red Hat’s new, open cloud marketplace makes it easier to discover and access certified software for container-based … Continued

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COBOL Modernization Roadmap

COBOL Modernization Roadmap

As COVID-19 continues to spread across the globe and within the U.S., the programming language COBOL has been thrust into the national spotlight. State and government systems have been inundated with unemployment claims, and these systems, which are written in COBOL, are unfortunately buckling under the pressure. However, COBOL may not be entirely to blame. … Continued

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Using an Economic Downturn as a Catalyst to Increase Productivity

Using an Economic Downturn as a Catalyst to Increase Productivity

In times of economic uncertainty, many companies have to reassess and pivot from their usual routine. COVID-19 has caused the world’s economy to halt to a standstill. Though our new normal consists of uncertainty, coupled with some fear and trepidation, hope and unity are also driving our communities. Companies who use this downturn to drive … Continued

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Increased Demand for COBOL Talent

Increased Demand for COBOL Talent

The recent surge in unemployment claims due to COVID-19 is overwhelming many state systems with the unexpected volume. Adding to the stress of an unprecedented number of claims, many of these systems are based on the computer language COBOL, which was written in the 1950s and is no longer a major focus in computer science … Continued

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GT Software Joins Financial Data Exchange

GT Software Joins Financial Data Exchange

In our ongoing quest to support open banking adoption in the United States, GT Software is proud to announce that we have joined the Financial Data Exchange (FDX). FDX is a non-profit dedicated to unifying global standards for data sharing and empowering consumers to make informed financial decisions. The payment process in the U.S. is … Continued

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Legacy Systems: Innovating in Uncertain Times

Legacy Systems: Innovating in Uncertain Times

Over the last couple of months, nearly everyone’s plans have changed. Travel plans are cancelled, kids are learning virtually from home, and the nation is urged to socially distance themselves from anyone not in their immediate household. No one could have predicted that a global pandemic would affect the world economy to the extent that … Continued

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This One Problem Stifles Innovation at Big Companies

This One Problem Stifles Innovation at Big Companies

Most leaders understand the value of inclusiveness and driving innovation through collaboration, but this is rarely achieved across an entire organization. A pervasive problem that kills innovation at big companies resides in deep functional silos that limit interaction across divisions. A culture of silos inadvertently discourages mid-level and senior executives from strategizing across departments. That’s … Continued

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Low Open Banking Awareness in Finance Industry

Low Open Banking Awareness in Finance Industry

Our recent mainframe modernization survey provided observations about current or recent mainframe users. We surveyed over 160 individuals in various job functions and organizations. By far, the most interesting survey find was low awareness with open banking and related topics among fintech and insurers. For example, 87% of respondents in the banking and finance space … Continued

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The Power of Legacy System Innovation in Uncertain Times

The Power of Legacy System Innovation in Uncertain Times

When the economy is booming, companies aren’t as focused on cost cutting measures as they could be. Cost optimization and organizational efficiency may not be top of mind when the economy is at its peak. The truth is that many companies simply do not prepare for unfortunate circumstances, while best practices suggest having a plan … Continued

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Upcoming Webinar: Don’t Let Uncertain Times Sideline Your Ability to Innovate

Upcoming Webinar: Don’t Let Uncertain Times Sideline Your Ability to Innovate

In times of economic uncertainty, companies must continue to invest in their future. While it’s important to acknowledge that an economic downturn can have lasting reverberations for many, organizations must also be able to adapt to negative situations and create positive outcomes. The most successful companies use these difficult times to invest for the inevitable … Continued

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