Is old tech putting banks under threat of extinction?

The sky is falling! The technology that banks use has nothing to do with whether their business models succeed.<p>It is strange that it takes computer experts to realize that computers don&#x27;t matter much. I had friends that were freaked out about Y2K and I kept telling them over and over to not worry. Computers fail constantly and the world doesn&#x27;t end.

Yet another useless &quot;the mainframe is dead&quot; article. While some banks might have these issues, it&#x27;s not because the mainframe is slow (it isn&#x27;t) or has been around for a while. It is because of IT mismanagement and&#x2F;or because IT has lost its importance in the bank&#x27;s strategy. This article is FUD and not up to BBC standards.