First job out of college was at JP Morgan treasury division. Was surprised when working on SWIFT system I had read so much about, it was literally just a fax to

First job out of college was at JP Morgan treasury division. Was surprised when working on SWIFT system I had read so much about, it was literally just a fax to TIFF system. Basically just an image viewer. At the time, 10 years ago, we didn't even have ability to parse or OCR the images. I was really disappointed in how low tech this was, and how easy it would have been to make it better. Perhaps I only saw a piece of it, and it did have more going on. But I always thought "what's preventing someone from faxing in a false trade?" We would execute any trade that got faxed in if the letter head and account numbers looked normal.