Banks should let ancient programming language COBOL die

We did a piece the other day about how learning the ancient programming language COBOL could make you bank. It was meant as a fun little article about the weird fact that large parts of our banking system is written in a programming language from 1959. It sounded pretty funny, but we soon started thinking “How can this actually make sense?” In our ultra-tech driven present, how can it be that our financial systems are still written in COBOL? Which can only maintained by sm