Every cut is not reducing platform knowledge to the point of major code breakage. Thanks Charlie and good luck India.
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Oh, I wouldn’t say that. We are already at a point where enough institutional knowledge is lost that existing critical systems cannot be updated. Whatever documentation that used to exist has been purged in the constant “security” updates.
The current execs want a crisis. Then they can give control to the offshore teams. They have greater knowledge of digital banking and digital risk control. Remember this is a reactive bank. That means the execs don't do anything unless they are reacting to a crisis. Oh and they avoid root cause analysis at all costs.
The current execs really don't care about the long term. Another year or two and they are out. As long as they get their millions the bank can burn.