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About the Class

What will you learn in this course?

  • Introduces the next episode of conversation with Kip, a 1964 movie called "Once Upon A Punch Card."
  • A special episode of conversations with Kip, used by permission of IBM, is a 1964 movie about the early days of data processing and posting processes called "Once Upon A Punch Card."
  • Key concepts from episode 28, "Once Upon A Punch Card," pointing out the processes still used in quantitative systems today.
  • Introduction to a series of videos taken from historical IBM movies about banking and financial systems, starting in 1959.
  • Portions of the film highlights of the IBM banking premiere in Poughkeepsie, NY May 4-11, 1959, focusing on IBM's leadership in developing systems capable of processing magnetic ink character recognition at its invention. Copyright by IBM corporation. Posted by permission.
  • Introduces this week's historical video, and the following week's, which are taken from IBM archives about the early days of IBM banking solutions. These videos are edited versions of the full-length videos, also posted on this channel.
  • Portions of the film highlight the IBM banking premiere in Poughkeepsie, NY may 4-11, 1959, focusing on the check processing system. Copyright by IBM corporation. Posted by permission.
  • Explores the current implication of the reporting processes shown in the IBM historical banking movies. It highlights how much of the reporting we need today was done in the early systems. The principles behind reporting have not changed all that much in financial reporting.
  • This is an abridgment of a 1961 IBM Historical MICR banking system, those portions focused on reporting. Notice all the reports (many of which are balances) produced from this system. The modern need for reports is much higher than these. Our systems produce all of these today.
  • Explores the current implication of the data capture processes shown in the IBM historical banking movies, including the 1977 IBM historical optical character recognition system. Our systems today still copy and reformat data for every major data supply chain, similar to the concepts noted in the historical films.
  • An edited version of an IBM banking solution prototyped with the National bank of Chicago, enhancing the MIRC process to detect the check amount in addition to the typical MICR data.
  • This week's episode 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.
  • This episode explores the current implication of the posting processes shown in the IBM historical banking movies. Posting is the process of updating balances with current transactions.
  • Explores the current implication of the control and reconciliation processes shown in the IBM historical banking movies.
  • Technical component focused abridgment of the IBM banking solution film made in 1961. Copyright by IBM corporation. Posted by permission.
  • Portions of the film of the IBM banking solution 1961, focusing on services, software, and the concept behind the products. Excerpts copyright by IBM corporation. Posted by permission.
  • A simple cartoon history of the history of banking, the first portion of the film of the IBM banking solution 1961, focusing on the check processing system.

Author

Kip Twitchell

Financial Systems Expert
My name is Kip Twitchell, and I am the original finsysvlogger–I’m sure I was the first person to vlog about financial systems. I have 30 years of experience in financial systems and financial reporting, over 25 years of that in consulting. I have constructed financial and big financial data analytical and financial systems for Fortune 500...

School

Kip Twitchell's School

Requirements

There are no additional requirements.
This is a free item
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What's Included

Language: English
Level: All levels
Skills: Historical Banking, Financial Technologies, Financial Systems
Age groups: All ages
Duration: 1 hour 19 minutes
17 Videos
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