Banking, Financial Services and WPS

As a consultant as well as a reseller, MineQuest Business Analytics often has the opportunity to see and hear about the BI Stack that our customers use. Some of these systems are incredibly complex while others are uniquely simple.

One thing that we have seen time-and-time again is how the mainframe is used in the banking and finance industry. It’s been an evolving process, but the complex statistical systems seem to have moved to less expensive servers and heavy duty analytical workstations while the mainframe has become a repository for data.

Accessing data on the mainframe whether it’s in VSAM, Oracle or DB2 is a cinch with WPS also on the mainframe. As the analytics have moved away from the mainframe, the use of expensive software like those of our competitor is being called into question. The mainframe is now typically used for MXG (computer performance analytics) and ETL work. A lot of what is being done on the mainframe is just the extraction and summarization of data that is to be downloaded to the distributed systems that almost all banks and finance houses have in place.

Putting WPS on your mainframe can save you a lot of money over our competitor’s product on the same machine. If you have not already taken a look at WPS on z/OS you owe it to your company’s bottom line to investigate this product further. You will be pleasantly surprised at what you will see.

Finally, MineQuest Business Analytics can help your organization migrate your current processing to WPS. We can provide project management services as well as consulting, assessments, code review and code migration for your organization.


About the author: Phil Rack is President of MineQuest Business Analytics, LLC located in Grand Rapids, Michigan. Phil has been a SAS language developer for more than 25 years. MineQuest provides WPS and SAS consulting and contract programming services and is a authorized reseller of WPS in North America.