Banks scramble to fix old systems as IT 'cowboys' ride into sunset | Reuters
'It recently acquired EzSource, a company that helps programmers figure out how old COBOL programs work. '
'For their customers such expenses pale in comparison with what it would cost to replace the old systems altogether, not to mention the risks involved. '
'The stakes are especially high for the financial industry, where an estimated $3 trillion in daily commerce flows through COBOL systems. '
'Mobile apps and other new tools are written in modern languages that need to work seamlessly with old underlying systems. '
'Experienced COBOL programmers can earn more than $100 an hour when they get called in to patch up glitches, rewrite coding manuals or make new systems work with old. '
2 comments
1 u/DickHertz 13 Apr 2017 07:27
'Scramble' -lol not like anyone could see it coming.
0 u/derram 10 Apr 2017 07:45
https://archive.is/UnsYz | https://vgy.me/1jtI82.png :
'It recently acquired EzSource, a company that helps programmers figure out how old COBOL programs work. '
'For their customers such expenses pale in comparison with what it would cost to replace the old systems altogether, not to mention the risks involved. '
'The stakes are especially high for the financial industry, where an estimated $3 trillion in daily commerce flows through COBOL systems. '
'Mobile apps and other new tools are written in modern languages that need to work seamlessly with old underlying systems. '
'Experienced COBOL programmers can earn more than $100 an hour when they get called in to patch up glitches, rewrite coding manuals or make new systems work with old. '
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