3 ms·
Lovely. One can only hope that other would-be hackers don't start poking the rest of the Canadian Bank's archaic systems or we'll soon see the rest of our not-s
by richjdsmith 8y ago
Lovely. One can only hope that other would-be hackers don't start poking the rest of the Canadian Bank's archaic systems or we'll soon see the rest of our not-so-fantastic banks on the front page of HN.
For anyone not from Canada, our banks are at least a decade behind the rest of the world in terms of IT - mostly due to strong government protectionism. I was a mortgage broker before changing into IT, and up until the summer of 2015, to submit a mortgage application to Scotiabank, one of big 4, you had to fax it. My buddy who works for Scotia said it wasn't until Q1 2016 before they were able to submit a mortgage application without a fax internally.
- manishsharan 8y ago>>For anyone not from Canada, our banks are at least a decade behind the rest of the world in terms of IT I would not agree with your assertion. I work at the bank with the "Green Sofa " and I can assure you we are very competitive with the US banks as far as technology goes.