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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