Engadget · October 20, 2026 · On the brief until November 3, 2026

OpenAI says its models can help banks migrate from old COBOL programs

Information SystemsFinanceComputer Science

THE AI ANGLE

Translating legacy banking software into modern code

OpenAI updated its models to help translate legacy COBOL systems into modern programming languages. Forty percent of banks still rely on COBOL while the programmers who understand it are aging out of the workforce. The models can assist with code conversion, but engineers must still verify the outputs against business rules.

Summary written by AI Business Lens with an AI model from the article at engadget.com. It is not the article, and the publisher has not reviewed it. For publishers.

THE TEACHING ANGLE

Engineers and financial managers must decide how to verify automated code conversion when banking systems demand complete accuracy.

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OpenAI says its models can help banks migrate from old COBOL programs

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