this post was submitted on 28 Mar 2025
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COBOL is perfectly suitable for financial purposes for which it was designed. The SSA code has gone through decades worth of changes and improvements that cannot be replicated even in 10 years.
Nobody uses COBOL for greenfield projects, even in the banking and financial sectors. And, as people with COBOL expertise die of old age, it becomes increasingly unmaintainable.
Agreed. But those that do know COBOL make BANK maintaining the old financial systems!