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Honestly, that is not true. As someone who had to interface with these systems, the cumulative cost of keeping them running is far greater. There are number of
by iamsb 7y ago
Honestly, that is not true. As someone who had to interface with these systems, the cumulative cost of keeping them running is far greater. There are number of layers which run of top of them to support modern age use cases. The problem is no CEO/CTO at big banks who wants to keep their job is going to pull the trigger and transform it, as most likely that project will run over budget and is risky.
- Retric 7y agoYou also need to pay to keep the new system running. That’s the real ‘hidden’ cost that you need to be aware of. COBAL may not be sexy, but it’s stable in ways most new systems can’t hope to match.
- walshemj 7y agoThe experience in the UK of the TSB porting to some Java system written by Santander is a good lesson of why this is risky
- perl4ever 7y agoYou seem to be implying risk is not a cost.