News for hackers. Stuff that matters.
Re:Banks beware, Amazon and Walmart are cracking the code fo... by xwdv on Sunday September 19, 2021 @09:36AM (#28584220)
Amazon and Walmart can both benefit from the powerful synergies from their retail operations if they decide to become banks, don’t see how traditional banks can easily compete. Square too is heading down this path, arguably even faster.
Re:Banks beware, Amazon and Walmart are cracking the code fo... by deshpand on Sunday September 19, 2021 @11:27AM (#28585064)
Banks also have a huge cost of supporting legacy systems in Cobol, SAS.. even some 'modern' systems in Java/Python are a huge mess.

https://www.efinancialcareers.com/news/2021/02/jpmorgan-stil...

They mostly talk about being tech companies but don't take the time to put in the required investments.