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Submitted via IRC for TheMightyBuzzard
We reached out to Daniel Döderlein, CEO of Auka, who has experience with working with banks on technological solutions such as mobile payments. According to him, COBOL-based systems still function properly but they're faced with a more human problem.
This extremely critical part of the economic infrastructure of the planet is run on a very old piece of technology — which in itself is fine — if it weren't for the fact that the people servicing that technology are a dying race.
And Döderlein literally means dying. Despite the fact that three trillion dollars run through COBOL systems every single day they are mostly maintained by retired programming veterans. There are almost no new COBOL programmers available so as retirees start passing away, then so does the maintenance for software written in the ancient programming language.
And here I thought everyone knew banking software should be written in PHP, javascript, or a combination of the two.
Source: https://thenextweb.com/finance/2017/04/25/banks-should-let-ancient-programming-language-cobol-die/
(Score: 4, Funny) by deadstick on Saturday April 29 2017, @01:29PM (1 child)
Once read a post by a guy who had turned down a COBOL programming offer. The interviewer replied, "So you don't like to learn new things?"
(Score: 1) by purple_cobra on Sunday April 30 2017, @07:43PM
Everything old is new again, perhaps?
During the first year of my degree, a classmate asked the lecturer if he'd be teaching us COBOL the following year; he said that all he knew about COBOL was that it was an anagram of bollock, and even that was spelled incorrectly. I don't think he liked it!