Financial System Controls, Services, and History

Today we conclude our series on Historical IBM Videos, and how they inform us of what tomorrow’s systems must do. I’m releasing four videos: The first explores the current implication of the control and reconciliation processes shown in the IBM Historical Banking Movies. People will not trust their finances to systems that are not well controlled. Watch my commentary here. The second is an abridged … Continue reading Financial System Controls, Services, and History

Ledger Posting Processes in 1959

Today’s episode of Conversations with Kip focuses on the posting process, as discussed in the Historical IBM Banking System Videos. Posting is the process of reading a set of sorted transactions and the corresponding balances for customers or accounts, and writing a new set of balances reflecting the new activity. The graphic above from the 1959 video shows clearly this process happening. This process is … Continue reading Ledger Posting Processes in 1959

Sorting in Today’s Ledger Based Processes

This week’s episode of Conversations with Kip focuses on the portions of the IBM Historical Banking Movies that discuss sorting processes.¬†Sorting is still a very significant portion of structured data, ledger based processes. Sorting is required because the random order in which transactions occur throughout some period of time (typically a day) has no relationship to how our records are organized. We organize records by … Continue reading Sorting in Today’s Ledger Based Processes