Realize it’s just a press release. My first career was in banking/finance tech, so I have a lot of nostalgia for this stuff. Back when I got started finance was the most interesting place to do tech. Sadly that waned over the years. So much good stuff has been locked away. I feel this could be a really powerful trend. So quite exciting for me.
Back when I got started finance was the most interesting place to do tech.
If you feel like sharing, I wouldn’t mind listening: around what time was that? And what niche of information technology it was that made investment firms an interesting place to work?
I came it at the beginning of the end - the late 90s.
Late 80s/90s Tech was a core competency of banks. By the time the 2000s rolled in, Tech was seen as a cost center - a way to save money by cutting costs. Rather than a source of innovation.
Part of that was the rise of Java and the Web. Part of it too was the inability to adapt. That said, Mainframes, Queues, Virtualization, Integration, High Speed Databases. All that stuff was quite mature and in widespread use.
Probably not. You’d be better off starting from scratch with most behemoth software, your business will be small, theirs is gargantuan. Different sizes have different needs.
I love how they call it “computer code” :) I guess whoever wrote that announcement tried to make sure no one misunderstands what’s happening.
Usually you want to tag this sort of thing with
release, and given its source maybefinance–that said, it’s still just a press release from a bank. :(Will do!
Realize it’s just a press release. My first career was in banking/finance tech, so I have a lot of nostalgia for this stuff. Back when I got started finance was the most interesting place to do tech. Sadly that waned over the years. So much good stuff has been locked away. I feel this could be a really powerful trend. So quite exciting for me.
If you feel like sharing, I wouldn’t mind listening: around what time was that? And what niche of information technology it was that made investment firms an interesting place to work?
I came it at the beginning of the end - the late 90s.
Late 80s/90s Tech was a core competency of banks. By the time the 2000s rolled in, Tech was seen as a cost center - a way to save money by cutting costs. Rather than a source of innovation.
Part of that was the rise of Java and the Web. Part of it too was the inability to adapt. That said, Mainframes, Queues, Virtualization, Integration, High Speed Databases. All that stuff was quite mature and in widespread use.
Thanks for sharing. I can see how that would be an interesting environment to work in, with interesting problems to work on.
This will surely come in handy when I start my own bank.
Probably not. You’d be better off starting from scratch with most behemoth software, your business will be small, theirs is gargantuan. Different sizes have different needs.