Legacy systems for Financial Services & Institutions
In the financial services sector, legacy systems are the backbone of critical operations, ensuring stability, security, and compliance in an ever-evolving regulatory landscape. These systems have powered banking functions like transaction processing, account management, and regulatory reporting for decades, offering unmatched reliability and resilience. At COBOLPRO , we specialize in maintaining and optimizing these legacy systems, enabling financial institutions to continue leveraging their proven architecture while meeting modern demands.
- Sector expertise
Retail Banking
Legacy systems power retail banking operations like account management, loan processing, and customer service. At COBOLPRO , we optimize these systems to handle high transaction volumes and ensure 24/7 uptime. Our solutions enable banks to deliver faster, more reliable services while maintaining compliance with FDIC and SEC regulations.
Key Benefits:
- Ensure uninterrupted access to customer accounts.
- Streamline loan approvals and account updates.
- Reduce operational bottlenecks during peak periods.
Investment Banking
Investment banks depend on COBOL systems for trade processing, risk management, and portfolio tracking. We enhance these systems to support real-time data processing and integrate with advanced analytics tools, enabling smarter decision-making and improved client outcomes.
Key Benefits:
- Minimize delays in trade execution and settlement.
- Maintain compliance with FINRA and SEC reporting standards.
- Improve scalability for growing transaction volumes.
Credit Unions
Credit unions use COBOL systems for member account management, loan servicing, and regulatory reporting. COBOLPRO ensures these systems remain secure, efficient, and compliant with NCUA guidelines, allowing credit unions to focus on serving their members.
Key Benefits:
- Protect sensitive member data with enhanced security measures.
- Simplify compliance with automated reporting tools.
- Optimize workflows for faster loan approvals and account updates.
Ecommerce Integration
COBOL systems power payment processing for ATMs, credit/debit card transactions, and interbank transfers. We stabilize and modernize these systems to ensure seamless integration with modern payment gateways and APIs, reducing errors and improving transaction speeds.
Key Benefits:
- Eliminate disruptions in payment processing.
- Enhance security for sensitive financial data.
- Scale to handle increased transaction volumes during peak periods.
How we help
At COBOLPRO , we don’t just maintain legacy systems—we optimize them to meet the unique demands of financial institutions. Here’s how we help:
Aging COBOL systems often struggle with high transaction volumes. With optimize & Refactor solutions we empower institutions to make systems faster and more reliable
Normally when big corporations are trying to incorporate into their systems newer technologies they don't remember to encapsulate the legacy code before integrating with newer systems.
With Develop & Comply , we automate regulatory reporting workflows to meet FDIC, SEC, and FINRA standards, eliminating manual errors and reducing audit risks.
Leveraging Optimize & Refactor , we enhance the processing speed and efficiency of your legacy systems, reducing resource consumption and enabling seamless scalability. Whether it’s handling increased transaction volumes, integrating with modern payment gateways, or supporting digital transformation initiatives like mobile banking, we ensure your legacy systems can grow alongside your institution without the need for costly and risky migrations.
Using our Debug & Sustain solution, we resolve bugs and performance bottlenecks to restore system stability, ensuring uninterrupted access to critical banking functions like account management and transaction processing.
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8 Benefits of COBOLpro
- Guarantee 24/7 uptime for critical banking functions, reducing the risk of service interruptions.
- Automate compliance reporting to meet FDIC, SEC
- Handle increased transaction volumes and customer growth without performance degradation.
- Connect legacy systems with modern technologies like mobile banking apps and payment gateways.
- Benefit from our team of 20+ financial systems experts and a track record of 92 successful projects.
- Receive continuous support and optimization as your institution evolves.
- Proven Expertise in Retail & Wholesale IT Systems
- Long-Term Partnership for Continuous Improvement
Client results
Explore our success stories to see how we have helped businesses like yours overcome challenges and achieve tangible results.
Related Insights
The Ideal Partner for Financial Services & Instituions
- Deep Industry Expertise: With over 20 specialists dedicated to financial systems, we understand the nuances of banking operations and regulatory requirements better than general IT providers.
- Proven Track Record: Our team has successfully completed 92 projects for financial institutions, ensuring operational continuity and compliance while avoiding costly disruptions.
- Tailored Solutions: Unlike one-size-fits-all approaches, we customize our services to meet the specific needs of retail banks, credit unions, investment firms, and payment processors.
- Cost Efficiency: Migrating away from legacy systems can cost millions. We offer a cost-effective alternative by optimizing your existing infrastructure.
- Future-Ready Systems: We prepare your legacy systems for the future by integrating them with emerging technologies like AI-driven analytics and blockchain.
Ready to Optimize Your Retail & Wholesale Operations?
Contact COBOLPRO today for a free consultation and discover how we can help your business achieve operational excellence, enhance customer experiences, and drive sustainable growth.
