COBOL is perfectly suitable for financial purposes for which it was designed.
Nobody uses COBOL for greenfield projects, even in the banking and financial sectors. And, as people with COBOL expertise die of old age, it becomes increasingly unmaintainable.
turnip@sh.itjust.works 1 year ago
PanArab@lemm.ee 1 year ago
The code is already in production, there is no point in rewriting it. It can be maintained for decades to come. New features can be implemented in other languages and over time.