financial systems

COBOL may be a name you’ve heard before, but it’s not just a relic of the past. In fact, it plays a critical role in the functioning of banks and financial institutions. With over 70% of business transactions relying on COBOL programs, it’s clear that this language is far from obsolete. Originally designed in 1959, COBOL, an acronym for Common Business-Oriented Language, was created specifically for business applications. While its name may not be the most exciting, it accurately captures its purpose....