Mr. Lee will discuss the crucial importance of modernizing legacy COBOL systems, particularly for financial institutions like banks and insurance companies that still rely heavily on this outdated technology. These institutions face increasing pressure to maintain and upgrade their COBOL-based systems amidst a dwindling pool of COBOL experts.
This presentation will highlight how modernizing these legacy systems not only ensures continued operational stability but also prepares these financial institutions to adopt advanced technologies like AI. By transitioning to modern platforms, such as Java and cloud environments, banks and insurance companies can significantly enhance their system efficiency and security. Furthermore, this modernization opens the door for AI-driven solutions that can transform customer service, risk management, and decision-making processes, ensuring these institutions stay competitive in a rapidly evolving financial landscape.