http://www.businessinsider.com/bank-it-spending-2012-12 The banking system funct... | Hacker News

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personZ on Dec 22, 2014 | parent | context | favorite | on: Schwab password policies and two factor authentica...

http://www.businessinsider.com/bank-it-spending-2012-12

The banking system functions largely on the choice, application and integration of technology, and banking is more of a technology business than just about any other. And let's be fair here - Schwab is not a bank, and even among investment firms is an outlier with the noted bad practices.

michaelfeathers on Dec 22, 2014 | [–]

> banking is more of a technology business than just about any other.

They don't behave like Google or Facebook. Their DNA is not technical.

personZ on Dec 22, 2014 | | [–]

Yet they behave like Microsoft, or IBM, or HP. And those are unquestionably technology businesses.

ladelfa on Dec 22, 2014 | [–]

How about the part of Schwab that's literally called "Charles Schwab Bank"?

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