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> Basically collecting on low-hanging fruit. J.P. Morgan, many finance companies, some savvy governments will step in to capitalize on easy wins. You think a l

> Basically collecting on low-hanging fruit. J.P. Morgan, many finance companies, some savvy governments will step in to capitalize on easy wins. You think a lack of technology is what's keeping these giants back from innovating? There's a reason many banks still have mainframes powering large portions of their internals. Lack of new tech is not holding them back.

jacquesm 9y ago
> There's a reason many banks still have mainframes powering large portions of their internals. There are many reasons. Institutional inertia for one, a lack of sufficiently knowledgeable people another. Banks are not innovating because you can't get around them anyway. And personally I don't mind, I'd much rather have my $ parked with an entity that moves slowly and predictably than with some 'move fast and break stuff' outfit that gives me a heartattack 3 times per year by showing me a $0 balance and no support department to call.