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this post was submitted on 13 Aug 2024
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Meanwhile, many major banks are still running 1970s computers and code in Fortran in the background, because replacing anything would cost money.
Well it's also because it works. And new code might crash the entire banking system.
Well quite, but that also explains why they're so reluctant to offer any new features until they've been completely overtaken by newer fintech outfits and are noticeably losing customers.