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Indeed - and although COBOL is the topic here, the issues are pretty similar with J2EE. There are a lot of legacy J2EE applications in banking and finance. Let
by jwilliams 10y ago
Indeed - and although COBOL is the topic here, the issues are pretty similar with J2EE. There are a lot of legacy J2EE applications in banking and finance. Let alone the skills and inside knowledge you need to know the various containers and modern(ish) glue (WebSphere is the prime example).
Underlying this is that banks used to see IT/Technology as competitive advantage. A lot of tech came directly out of the banks. IT became a cost-center in the 90s and it was never the same.
The irony is that this tech stack was pretty good and fit-for-purpose for a lot of banking workloads. Plus it kept working... so that just lessened the investment required.