I work in big financials. Everything used to be built on Excel. A lot still is but Python/Jupyterhub or custom applications has taken over a lot of the complex stuff. Excel isn't really essential any more.
Jupyter also has a janky execution model. It doesn’t track dependencies so you have to be very careful in how you separate cells from one another and just running the whole notebook every time seems kind of pointless vs just writing a pure Python script.