Traditional companies just don't know about building software. They often start an IT transformation initiative because a consultancy firm told them they have t

Traditional companies just don't know about building software. They often start an IT transformation initiative because a consultancy firm told them they have to do. But at best, still all the middle managers don't buy the idea and don't commit to it. Even when they do, they lack knowledge and expertise to be successful and company doesn't know how to train them. So they end up doing some stuff that may sound fancy on paper (Oh we are doing Serverless), but they are still building crappy integrations and they suffer from bad communication structure. Banks are innovating in traditional banking. They make fancier branches and better ATM machines, but they fail to innovate in software space while their customers are increasingly using more digital interfaces. And that's how they can't compete with modern FinTech players when it comes to development pace. They are just suck at software and they are lots of middle managers that unintentionally make it even harder.