GFT and CloudFrame partner to help industries say goodbye to COBOL
LONDON, March 30, 2023 /PRNewswire/ -- In the fast-paced world of technology, there is no room for outdated standards. Or so one might think. In 2023, COBOL, a programming language debuted in the 1950s, is still ubiquitous in most financial institutions, insurance firms, airlines, retail companies – the list goes on. This is increasingly becoming a problem for users, due to the high costs of mainframe use and a shortage of experts needed for new development and maintenance.
- In 2023, COBOL, a programming language debuted in the 1950s, is still ubiquitous in most financial institutions, insurance firms, airlines, retail companies – the list goes on.
- GFT and CloudFrame have formed a global partnership to help COBOL users make the transition to more efficient platforms.
- "Partnering with GFT will help our customers achieve application modernisation of their COBOL systems much faster," said Venkat Pillay, founder and CEO of CloudFrame.
- Marika Lulay, CEO of GFT, said: "Many people are surprised by how widely COBOL is still used in legacy mainframe applications.