Billions of lines of code written by dedicated people over the years—many working under intense pressure, solved complex financial problems, creating the backbone of global economies.
COBOL, a programming language sixty five years old, still powers 80% of financial transactions.
However COBOL programs are complex and undocumented, making them difficult for new programmers to understand.
The retirement of experienced COBOL programmers leads to delays and increased costs for financial institutions in maintaining and updating their systems.
AI can be used as a tutor to improve the developer experience, the use of AI to translate legacy code into English specifications and drastically reduce onboarding time for new developers.
This enables developers to quickly understand and maintain the code, saving time and reducing costs.