U.S. banks make cool technology, realize it can be sold

Image Source: Article

Image Source: Article

Big Wall Street banks, after spending massive amounts of money and time to get their old, creaking systems in better shape, are now trying to sell technology they've developed in-house to other companies.

U.S. banks including Goldman Sachs Group Inc (GS.N), Morgan Stanley (MS.N) and JPMorgan Chase & Co (JPM.N) are spinning out or selling a range of tools that pertain to data security, mobile applications and "systems integration," the process of flattening layers of aging technology.

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