Financial institutions have long employed armies of developers to maintain their complex back office systems but until recently the majority of these developers worked in programming languages such as COBOL which have little applicability to startups.
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That is because they tend to be written in different programming languages.
The employee, an "inoffensive and quiet" but talented man versed in several programming languages, "spent less than one fifth of his six-figure salary for a Chinese firm to do his job for him", Mr Valentine said.
Their options range from using online app-building tools, to taking crash courses in computer programming and coding languages, hiring a costly professional on contract, or recruiting a full-time developer.
Over the weekend, Mr Murdoch said the channel would eventually begin transmission in several Indian languages as well as increase programming in Hindi.
This opens the power of Hadoop to a much wider audience than if traditional MapReduce programming in Java or other such languages is required.
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While COBOL has not gone away at the banks, more and more of the technical staff spend their time programming new features and interfaces in modern languages and web application frameworks that provide highly applicable and transferable skills to startups only too happy to hire them for their technical training and domain experience.
FORBES: Why The Financial Technology Revolution Is Only Just Getting Started
Local programming remains extremely popular, and in languages which local people use.
Then, he suggests, the CIO should bring in young programmers who may be working in other parts of the firm but know modern programming languages, understand mobile and Web to work with mainframe programmers.
In addition, OData support is available for a broad array of programming languages.
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Select episodes featured on Disney Channel On Demand will be available in innovative new offerings, such as playlists and monthly programming blocks, in addition to a number of episodes available in multiple languages.
Taking advantage of cheaper processing power, the rise of new computer languages and the increasing urgency of the problem, these companies' own complex software seeks flaws in programming grammar, reverse-engineers applications to see that they do what they're supposed to and emulates the malicious hacks they will face once they're put in use.
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