On Cobol and Legacy Systems: Covid-19 Turmoil Calls For Change

Financial industry experts say the time to start future-proofing was yesterday.

Mainframe computers

“LONG LIVE COBOL,” wrote Wayne Linksman in a LinkedIn message. “It keeps me employed at 65 years old.”

Linksman has been a senior Cobol programmer at Bank of America, where he worked on its credit card system; Fidelity Investments, assisting with application development and maintenance on its mutual fund accounting system, FIS InvestOne; and most recently at Infosys, a consulting and IT services firm.

The pandemic has brought Cobol, a legacy programming language, back into the limelight in

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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