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Keyword: financialsystems

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  • Banks scramble to fix old systems as IT 'cowboys' ride into sunset

    04/11/2017 5:59:49 AM PDT · by blueplum · 83 replies
    Reuters ^ | 10 April 2017 | Anna Irrera
    Bill Hinshaw is not a typical 75-year-old. He divides his time between his family – he has 32 grandchildren and great-grandchildren – and helping U.S. companies avert crippling computer meltdowns. Hinshaw, who got into programming in the 1960s when computers took up entire rooms and programmers used punch cards, is a member of a dwindling community of IT veterans who specialize in a vintage programming language called COBOL.[snip] Experienced COBOL programmers can earn more than $100 an hour when they get called in to patch up glitches, rewrite coding manuals or make new systems work with old. For their customers...