The financial sector’s IT systems are stuck in the 80s


This inherent IT complexity is leaving banks concerningly behind other sectors, some banks being nervous to touch old systems as they are desperate to not cause an outage and make the next day’s papers.


IBM’s DOS operating system. The original Apple Macintosh. The Eighties were marked by huge advancements in computing and these are just two examples, there are many more. Those lucky enough to live through the eighties may also fondly recall Atari’s Space Invaders and their first Sony Walkman.

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