Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Banks Still Rely Heavily on Legacy Technology
ShareTweet
Home
Fintech
Banks Still Rely Heavily on Legacy Technology

Banks Still Rely Heavily on Legacy Technology

Fintech Nexus Staff·
FintechNews Roundup
·Sep. 21, 2017·1 min read

The Finanser shares which banks are leading in digital and which ones are falling behind; an article in Financial News recently found that 92 of the world’s top 100 banks still rely on IBM mainframes; banks spend a majority amount of money on maintaining legacy technology, which are often written in programming languages like COBOL. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

    View all posts
Tags
banking technologylis
Related

Interesting Charts Helping to Provide Clarity on Some Areas in Fintech

Banks Concerned over Potential Credit Union Veteran as CFPB Head

Is a Wave of Open Source Banking Coming?

Top 10 Initial Coin Offerings of 2017

Popular Posts

Today:

  • HumanX_recapHumanX: Between Prophecy and Procurement Apr. 9, 2026
  • Jennifer Lassiter, Standard CharteredScribe CEO Jennifer Smith on what happens when AI joins your team Feb. 26, 2026
  • FN-US-payment ForecastThe U.S. Payments Modernization that Wasn’t Jul. 31, 2025
  • peter2The Flipping Point: Why Fintech Meetup 2026 Marked the End of AI Hype Apr. 6, 2026
  • Copy of Fintech Nexus – Newsletter CreativeWhy PDF Table Extraction Fails in Production—and What Banks Need to Do About It Feb. 5, 2026
  • Ji KimThe Crypto Lobby Steps into the Limelight Nov. 13, 2025
  • FN3Buy Now, Sleigh Later: How AI is Driving Holiday eCommerce Nov. 20, 2025
  • Alloy President Laura SpiekermanAlloy President Laura Spiekerman on Agentic AI and Identity Risk Apr. 2, 2026
  • Santiago SuarezInside Addi’s mission to build a fairer financial system in Colombia Feb. 19, 2026
  • 2026 FintechWhat does 2026 hold for Fintech?  Jan. 29, 2026

This month:

  • Alloy President Laura SpiekermanAlloy President Laura Spiekerman on Agentic AI and Identity Risk Apr. 2, 2026
  • peter2The Flipping Point: Why Fintech Meetup 2026 Marked the End of AI Hype Apr. 6, 2026
  • FNCombining Households in the Era of Modern Money Management Apr. 23, 2026
  • FN1No Backspace in the Physical World – Building AI for 5,000-lb Machines Apr. 9, 2026
  • HumanX_recapHumanX: Between Prophecy and Procurement Apr. 9, 2026
  • HumanXOverheard At HumanX 2026 Apr. 16, 2026
  • FNThe Bank Charter Gold Rush: What’s Really Happening and What it Means for Banking Feb. 12, 2026
  • Darren Louie (1)OPINION: AI is about to get your credit card. Who signs off? Mar. 26, 2026
  • NumosFunded: Numos raises $4.25M to make AI accountable to finance teams Apr. 3, 2026
  • FNThursHoneycomb CEO on the 30-second fix that took hours Mar. 26, 2026

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results