But that's not based on Federated OAuth REST Web-APIs with JSON-output and backed by a webscale cluster of eventually consistent NoSQL DBs, so obviously it's not trendy and can't have been any good.
</sarcasm>
At this point, pretty much everything about the internet is moving in the wrong direction.
That's amusing because I'm actually just fighting a "unicorn poop" proposal that puts a shit ton of sensitive financial data into the system you just described on a stack built by the lowest bidding hipsters the new TA could get in. This is to replace the 10 years investment in the existing 100% working and 5% capacity Oracle/J2EE/SOAP solution. "But but with Ruby we can rewrite this all in a couple of months" (all 2.8 million lines of quite efficient Java - of course!)
</sarcasm>
At this point, pretty much everything about the internet is moving in the wrong direction.