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The coming billions in updating bank's COBOL stacks

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Michael Cote

Posts: 10306
Nickname: bushwald
Registered: May, 2003

Cote is a programmer in Austin, Texas.
The coming billions in updating bank's COBOL stacks Posted: Apr 10, 2017 11:24 AM
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Commonwealth Bank of Australia, for instance, replaced its core banking platform in 2012 with the help of Accenture and software company SAP SE. The job ultimately took five years and cost more than 1 billion Australian dollars ($749.9 million). Being conservative, multiply $500m across the top 20 banks, and you’ve got $10bn, using $749.8m directly, … Continue reading The coming billions in updating bank’s COBOL stacks

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