this post was submitted on 18 Aug 2024
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A lot of bank computing is a complete clusterf@#k. Getting even basic changes and bug fixes requires it being signed off on by various regulators and committees. Apparently, 18 months for a 1 line change is normal. This has ended up with layers of new work being frankensteined onto older systems. E.g. Internet banking, for a long time, physically printed checks, via an automated machine, posted them, and then had them read in, via an automated machine. Hence why Internet bank transfers took 2-3 days.
I had issues with my banks truncating my password a while back. It only looked at the first 8 characters.