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FintechNews Roundup
·Sep. 21, 2017

Banks Still Rely Heavily on Legacy Technology

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

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