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Summary and Comments

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Category: 

Banking

Date: 

1997-11-10 18:54:08

Subject: 

It's Not Just Mainframes; It's PC's and Software, Too.

  Link:

http://www2.computerworld.com/home/online9697.nsf/All/971107financial1A0F2

Comment: 

A recent survey by Fannie Mae (Federal National Mortgage Assn.) indicates that the nation's financial institutions have a lot more problems than just their mainframes. It's everything that is run by a computer or on a computer.

What is true of banks is true of all large organizations.

* * * * * * *

The survey -- commissioned by Fannie Mae and conducted by Hart-Riehle-Hartwig Research Group -- asked 400 experts from banks, brokerages and credit unions about their awareness of the year 2000 problem and their preparations for it.

Although the troubles will strike many mainframes, 66% of those surveyed said the year 2000 problem will also strike their PC networks, and 56% said that compliance issues will affect most if not all of their software.

Link: 

http://www2.computerworld.com/home/online9697.nsf/All/971107financial1A0F2

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