Banks in the US are very risk aversive when it comes to new technology about 6-7 years ago I was working with a team in the US and the next project that they we

Banks in the US are very risk aversive when it comes to new technology about 6-7 years ago I was working with a team in the US and the next project that they were doing was implementing chip and pin for a single type of card for a bank. One person was trying to move to another team to avoid it. We had chip and pin in my country for years at this stage. I used just think that they were worried about the new technology but now that I am older I think that the business wanted to implement something new without investing in existing systems. I left the company shortly afterwards so no idea what happened. According to our sales guys who say that US banks are the worst when it comes to new technology, Australian banks are the best apparently. Apparently there were some government initiatives to force the banks to use new technology, some really leaned into it and even changed entire management layers.