I keep seein stories about how the IRS is 30 years behind on technology, still using the mainframe, and COBOL/Assembler languages. I also saw an interview where the speaker said all banks have already moved away from these legacy systems. I don't believe that is true. Does Truist still have a lot of mainframe apps?
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Mainframe is old but it is proven and functional.
I'd argue Suntrust's configuration was far better as BBT's (now Truist) requires multiple steps to get into things and requires a full refresh of the option your in instead of allowing you to go back and page through like at SunTrust.
A nothing burger post.
DEI is dead
AVP is the new talk of the town
That’s right
You should be glad that all banks use cobol and mainframes, otherwise they would have been all hacked. Cloud and Saas are both scams and the customers are cuckholds. Salesforce and aws will be hacked at some point and all customers databases will be exposed.
We are powered by AVP !
COBOL is yesterdays news
From a previous post "Every bank of any size has a mainframe".
This isn't true. Many smaller banks do not use a mainframe and COBOL.
Also, AI isn't at the point yet to convert legacy code accurately. I know, because I am working on a project to convert COBOL code. Also, AI isn't going to consider the JCL.
Core Banking Platforms still need that as it's cost prohibitive to rebuild.
Question I've asked for Years in Banking IT.
Also AI will take jobs and not deliver a fix for anything :)
Every bank of any size has a mainframe. There was a concern that all the Cobol greybeards were retiring with no replacement, but I guess AI will fix that.
What bank isn’t?