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627 A 65-year-old programming language called COBOL still quietly runs over $3 trillion in banking transactions every single day — and because the original engineers are retiring fast, banks are scrambling to pay younger coders fortunes just to keep the ancient code from collapsing

Silicon Canals
Silicon Canals Editorial Team @ Silicon Canals · 06/26/2026 10:00 EDT

A 65-year-old programming language called COBOL still quietly runs over $3 trillion in banking transactions every single day — and because the original engineers are retiring fast, banks are scrambling to pay younger coders fortunes just to keep the ancient code from collapsing

COBOL remains embedded in banking and government systems because replacing old code means replacing decades of business logic, not just a programming language.

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