Behind many of today’s banking apps sit systems written decades ago, and a small group of specialists is responsible for keeping them running.
Banks said replacing the older systems is slow and risky, so they are hiring engineers who can read the old code and training younger staff to take over. Many of the specialists are close to retirement.
Experts said the work is rarely noticed until something fails. They argue for steady investment in modernisation rather than waiting for a crisis.
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Great reporting. This is the clearest summary of the story I have read so far.
Fair point, though the data suggests otherwise.
Finally some balanced coverage instead of the usual headlines.
Agreed, that was my takeaway too.