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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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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