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Bank Technology News: Grid Computing: The Grid Is Going Mainstream Fast

Jul 14, 2005, 13:00 (3 Talkback[s])

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[ Thanks to Matt for this link. ]

"Grid computing may still sound fringe to buttoned-down comptrollers looking over technology budgets at small Midwestern thrifts. They've got a point-grids came into being out of academic research labs and NASA's need for physicists.

"But when a stolid mortgage player like Cleveland's Ohio Savings starts talking about the grid, maybe it's not just for the space age any more. The firm's enterprise information manager, Tony Miller, says Ohio Savings is using a grid network now at the database level, running an $800,000 Oracle 10g system. Even so, he and project manager Ed Kizys figure soon to move the vital retail loan and mortgage-origination systems onto the grid, putting it right at the center of the firm's reason for being. After all, if the likes of Goldman Sachs are investing in grid-computing software companies-then grids must be something financial companies can use..."

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