Friday, January 15, 2021
  • Home
  • Bank News
  • Banks
  • Bankers
  • Bank Capital
  • Business
  • Politics
  • World
  • Markets
  • Credit
  • FINANCIAL ADVISORS
    • LOCATE FINANCIAL ADVISOR
  • EXCLUSIVE FINANCE JOBS
Banknewsnow
Advertisement
No Result
View All Result
No Result
View All Result
Banknewsnow
No Result
View All Result
Home technology

JPMorgan drops terms ‘master’ and ‘slave’ from internal tech code and materials,

July 30, 2020
in technology
2 min read
JPMorgan drops terms ‘master’ and ‘slave’ from internal tech code and materials,
Share on FacebookShare on Twitter


NEW YORK (REUTERS) – JPMorgan Chase & Co is eliminating terms like “blacklist”, “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move.

The terms had appeared in some of the bank’s technology policies, standards and control procedures, as well in the programming code that runs some of its processes, one of the sources said.

Other companies like Twitter Inc and GitHub Inc adopted similar changes, prompted by the renewed spotlight on racism after the death of George Floyd, a black man who died in police custody in Minneapolis in May.

The phrases “master” and “slave” code or drive are used in some programming languages and computer hardware to describe one part of a device or process that controls another.

“Blacklist” is used to describe items that are automatically denied, like a list of websites forbidden by a company’s cyber-security division. “Whitelist” means the opposite – a list of items automatically approved.

Mr Floyd’s death has sparked a re-examination of words that might carry racial overtones.

For example, some realtors are no longer using the term “master bedroom”, and Universal Music Group’s Republic Records stopped using the word “urban” to describe music genres and internal departments or roles.

JPMorgan appears to be the first in the financial sector to remove most references to these racially problematic phrases, and it comes after the bank has said it is taking other steps to promote black professionals and anti-bias culture training for staff.

Columbia Business School programming professor Mattan Griffel said such terms have long been controversial and can be difficult to change.

The technology that underpins bank operations is often a spaghetti-like mess that results from merged companies, decades-old code and third-party systems, and any change can have cascading effects that are difficult to predict, Prof Griffel said.

Changing these terms within the bank’s code could take millions of dollars and months of work, Prof Griffel said.

“This is not a trivial” investment by the bank, Prof Griffel said. “This kind of language and terminology is so entrenched.

It has to (change) and now is as good a time as any.”





Read More: JPMorgan drops terms ‘master’ and ‘slave’ from internal tech code and materials,

Tags: codedropsinternalJPMorganmastermaterialsslavetechTerms
Previous Post

Deutsche Bank job cuts slowed by coronavirus

Next Post

The Coronavirus Corporate Credit Downgrades Are Here

Related Posts

EMTECH Debuts Tech To Streamline Central Banking

EMTECH Debuts Tech To Streamline Central Banking

by Bank News Now
January 14, 2021
0

Share Tweet Share Share Share Email EMTECH is rolling out its new Modern Central Bank Sandbox, which will help...

Analysis: Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a

Analysis: Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a

by Bank News Now
January 14, 2021
0

BEIJING/HONG KONG (Reuters) - China’s Ant Group, about to make the biggest public sale of shares ever, poses a...

Banking Darwinism: Technology adaptations for a post-COVID world

Banking Darwinism: Technology adaptations for a post-COVID world

by Bank News Now
January 13, 2021
0

In evolutionary biology there is the well-known theory by American biologist Stephen Jay Gould of punctuated equilibrium — that...

Banks roll out robots as pandemic shakes up IT plans

Banks roll out robots as pandemic shakes up IT plans

by Bank News Now
January 12, 2021
0

By Iain Withers, Anna IrreraLONDON (Reuters) - When banks were flooded with loan requests from businesses struggling with the...

II-VI Incorporated to Participate in Deutsche Bank Virtual Technology Conference

II-VI Incorporated to Participate in Deutsche Bank Virtual Technology Conference

by Bank News Now
January 11, 2021
0

PITTSBURGH, Sept. 11, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic...

TCS in talks to buy Deutsche Bank’s technology unit

TCS in talks to buy Deutsche Bank’s technology unit

by Bank News Now
January 11, 2021
0

Tata Consultancy Services Ltd (TCS), Asia’s biggest software exporter by market value, is in advanced talks to acquire a...

Next Post
The Coronavirus Corporate Credit Downgrades Are Here

The Coronavirus Corporate Credit Downgrades Are Here

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Daily Trends

  • Trending
  • Comments
  • Latest
Central banks lay out a framework for digital currencies

Central banks lay out a framework for digital currencies

November 2, 2020
President Trump plans to bring Hunter Biden associate Tony Bobulinski as guest to

President Trump plans to bring Hunter Biden associate Tony Bobulinski as guest to

November 19, 2020
Job cuts coming as U.S. Bank overhauls staffing at branches

Job cuts coming as U.S. Bank overhauls staffing at branches

June 18, 2020
Big banks look to the cloud to accelerate digital shift

Big banks look to the cloud to accelerate digital shift

August 17, 2020
Citi names Jane Fraser new chief in Wall Street first

Citi names Jane Fraser new chief in Wall Street first

October 2, 2020
FSCJ and Bank of America form jobs partnership | Jax Daily Record | Jacksonville

FSCJ and Bank of America form jobs partnership | Jax Daily Record | Jacksonville

0
Stimulus checks: Americans without bank accounts face a wait

Stimulus checks: Americans without bank accounts face a wait

0
Bank of England warns of sharpest recession on record

Bank of England warns of sharpest recession on record

0
News And Notes After Otis And Asuka Win

News And Notes After Otis And Asuka Win

0
Goldman Looks For Bank Merger Partner

Goldman Looks For Bank Merger Partner

0
FSCJ and Bank of America form jobs partnership | Jax Daily Record | Jacksonville

FSCJ and Bank of America form jobs partnership | Jax Daily Record | Jacksonville

January 15, 2021
Delayed Lebanese bank earnings reveal extent of country’s woes

Delayed Lebanese bank earnings reveal extent of country’s woes

January 15, 2021
U.S. banking regulators propose requiring banks to immediately flag computer

U.S. banking regulators propose requiring banks to immediately flag computer

January 14, 2021
Capital One 360 Performance Savings Review

Capital One 360 Performance Savings Review

January 14, 2021
8 Best Banks for Small Business in 2021

8 Best Banks for Small Business in 2021

January 14, 2021

Today News

FSCJ and Bank of America form jobs partnership | Jax Daily Record | Jacksonville

FSCJ and Bank of America form jobs partnership | Jax Daily Record | Jacksonville

January 15, 2021
U.S. banking regulators propose requiring banks to immediately flag computer

U.S. banking regulators propose requiring banks to immediately flag computer

January 14, 2021
8 Best Banks for Small Business in 2021

8 Best Banks for Small Business in 2021

January 14, 2021
General Motors seeks to avoid mistakes of last foray into banking

General Motors seeks to avoid mistakes of last foray into banking

January 14, 2021
Nassau Private Credit Hires Vincent Chan

Nassau Private Credit Hires Vincent Chan

January 14, 2021
  • Cart
  • CCPA
  • Chat Logout
  • Checkout
  • Checkout
  • Client Dashboard
  • Contact Us
  • DMCA
  • Home
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • Login
  • My Account
  • My account
  • Payment Receipt
  • Performer Dashboard
  • Pricing Table
  • Privacy Policy
  • Privacy Policy
  • Profile Public
  • Random Cam
  • Sample Page
  • Search Home
  • Search Result
  • Shop
  • Single Category
  • Single Location
  • Single Tag
  • Studio Dashboard
  • Terms and Conditions
  • Terms of Use
  • Thank You
  • Transaction Failure
  • User Directory
  • User Registration
  • Webcams

© 2020 BankNewsNow.com

No Result
View All Result
  • Home
  • Bank News
  • Banks
  • Bankers
  • Bank Capital
  • Business
  • Politics
  • World
  • Markets
  • Credit
  • FINANCIAL ADVISORS
    • LOCATE FINANCIAL ADVISOR
  • EXCLUSIVE FINANCE JOBS

© 2020 BankNewsNow.com