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The Core banking system (the one that is actually processing transactions) may still be in COBOL. The other add-on services are probably in other languages. I k
by innocenat 10y ago
The Core banking system (the one that is actually processing transactions) may still be in COBOL. The other add-on services are probably in other languages. I know a few banks here (Thailand) that has successfully transition its core banking to Java, so I would guess many large banks have done the transition too. However, I doubt smaller banks would have done the transition.
- breakingcups 10y agoIntuitively I'd feel like the larger the bank, the more work such a transition would be and thus the smaller the likelihood of it having happened.
- VLM 10y agoThe larger the bank (or any company, really) the more labor they've been devoting to merger cleanup.
- zhte415 10y agoYou're correct. It is a massive transition, middle-layer upon middle layer. Oracle market a completely different code-base (which is fully Java), even single-currency code-bases, from those for larger banks, small third parties 'partners' providing implementation.