this post was submitted on 27 Jun 2026
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Finance software is astoundlingly sloppy.
I was working in a university town, happened to get hired in at decent market rates by a biomed startup that didn't mind paying for me. When they left town, I stayed, and a precious few other companies would pay "my rate" - so I ended up cold calling on quite a few places just to see what they were about. I stumbled into the software development manager's office of a company that did ATM and POS software - they used the same tech stack I was using for biomed. After a few minutes the manager stopped the conversation and said "sure, fine, I want you, but: can I afford you? What's your current salary?" I told him, he laughed and said: "Well, I'm the highest paid software guy in the building and I don't make half that. Mostly we hire kids from the Uni who think they want the experience, they turn over every few months on average. I've told management how bad that is for the quality of our software, they don't care."
The major difference is that payment processors and money transfer agents are heavily regulated and require a government issued license to operate. At least KYC is not yet handled by ai..
I can guarantee, the code coming out of that shop was slop, 20 years ago.