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Banks Still Rely Heavily on Legacy Technology
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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]

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