The software firm has benchmarked 1,850 apps from 329 firms on different criteria of structural quality, including robustness and security. The widespread use of COBOL by banks is one reason they underperform, says CAST’s Lev Lesokhin (pictured).
Standard Chartered Plc said it has almost completed costly technology upgrades required to cope with stricter banking regulations worldwide, freeing it up to focus more on revenue-generating products like digital banking.
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