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:

  • 5 Founders Driving Humanoid AIThe Humanoid Era: 5 Leaders Defining Physical AI Sep. 10, 2025
  • The Unintended Consequences of the BaaS CrackdownThe Unintended Consequences of the BaaS Crackdown Apr. 10, 2025
  • S&P 500 – 1 month chart : Yahoo Finance“The market having wild swings before the tax period can be really detrimental…” Apr. 17, 2025
  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • Cate DawsonBanking’s New Playbook for Tech, Regulation, and Partnerships Dec. 18, 2025
  • July 30th FN AI articleThe AI-Powered Ad Machine Jul. 30, 2025
  • Fintech Nexus HeaderFintech CEOs Ride into the Sunset Aug. 26, 2025
  • Battle of the BotsFintech’s Battle of the Bots Sep. 25, 2025
  • Fintech 3.0Fintech 3.0 Runs on Stablecoins: Norwest VP Jordan Leites Shares Fintech’s Next Infrastructure Gains Jan. 15, 2026

This month:

  • Diya JollyXero’s Jolly on building a tech roadmap to level playing field for small businesses Jan. 14, 2026
  • FNThe Credit Building Boom: Innovation or Score Manipulation? Jan. 8, 2026
  • Fintech 3.0Fintech 3.0 Runs on Stablecoins: Norwest VP Jordan Leites Shares Fintech’s Next Infrastructure Gains Jan. 15, 2026
  • 2026 Investor Predictions for AI and Data10 Investor Predictions for AI and Data in 2026 Dec. 17, 2025
  • Jeff Radke AccelerantAs Accelerant IPOs on NYSE, CEO Jeff Radke Hopes to Usher In Insurtech 3.0 Jul. 24, 2025
  • Mike ReustBetterment’s Mike Reust on GenAI and WealthTech Nov. 18, 2025
  • Newsletter-graphicBig Tech’s Billion-Dollar Binge Aug. 13, 2025
  • Battle of the BotsFintech’s Battle of the Bots Sep. 25, 2025
  • FNFrom Chatbot to Checkout: AI’s Leap Into Commerce Nov. 5, 2025
  • Thomson NguyenSaga Ventures’ $125M Bet on Pandora’s Box Oct. 22, 2025

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