I'd agree that a paradigm shift is definitely needed to address the problem. Banks need to see that constant investment not "put it in and let it run for 10-15

I'd agree that a paradigm shift is definitely needed to address the problem. Banks need to see that constant investment not "put it in and let it run for 10-15 years" is what's needed. And yes the point about risk of new projects... who wants to lead a project to replace a mainframe system that's been running successfully for the last 30-40 years and if it goes wrong you're guaranteed to be on the front page of the papers... I wonder if a pattern will emerge where big banks let the challengers develop the tech, then they buy them and move across to it, once the kinks are all ironed out.