Infrastructure

11:54 AM
Connect Directly
RSS
E-Mail
50%
50%

FIRM OFFERS TOOLS TO UPGRADE LEGACY SYSTEMS

Intercomp has developed software that can update and integrate information stored in COBOL and other antiquated computer languages.

Banks with extensive legacy systems written in the COBOL programming language have had a lot to worry about over the past few years, including fears the antiquated systems would fall victim to the Y2K bug or a host of other such internal flaws.

But instead of waiting for COBOL failure, some banks have decided to bring these systems into the 21st century, and are turning to software companies such as Israel-based Intercomp, to bridge the gap.

"We've talked to several banks which have tons of legacy systems, lots of money and a strong need to get on the web, and quick," said Eran Tirer, CEO of Intercomp.

Clients in the financial services industry include Deutsche Bank and Anglo-Irish Bank, which moved from an outdated method of storing data sequentially (ISAM) to an industrial-strength DB2 database with the help of Intercomp tools. Their next step is to make their legacy applications accessible through a web server.

Intercomp provides tools that analyze legacy code, extract business rules, and finally web-enable legacy applications written using yesteryear's tools of the trade: COBOL, CICS and SQL. These tools first help developers understand the program flow and business logic, allow them to easily create Java objects containing those business rules hidden within the legacy code, and provide Web access to the existing applications.

Information about legacy systems can also be brought into CASE (Computer-Aided Software Engineering) tools using the Unified Modeling Language, or UML, format. Rational Software, Cupertino, Calif., a CASE tool vendor, has a strategic cooperation agreement with Intercomp.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.