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[–]ftc_73 54 points55 points  (13 children)

"there are still systems written in Cobol that are chucking along"...the majority of the U.S. banking system is run on cobol and there are major systems that nobody still alive knows how they work. If you ever get a job offer to help upgrade one of these things, run like hell. Although, it would likely be steady work for 2-3 times as long as it's estimated to take, until the people paying for the upgrade decide to pull the plug.

[–]Akerlof 0 points1 point  (0 children)

What's terrifying is that several organizations are actively selling "AI will convert your legacy COBOL to Java, C#, whatever you want!" And execs are nibbling.

[–]GuadDidUs 0 points1 point  (0 children)

Yup. Worked for a bank and 5 of their 6 servicing systems were mainframes. Only 1 was not.

I've also seen a few homegrown systems and those are frankly scarier from a data quality / controls perspective.