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the claim

COBOL is still used in banking.

the verdict
SUPPORTED
the evidence backs this
Recorded sources
7 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that COBOL is still used in banking?

Yes. Multiple sources state that COBOL remains in use in banking: one book notes IBM confirms it is still used in many core banking systems, and a dataset paper says COBOL still forms an integral part of banking organizations' operations. Wikipedia likewise reports COBOL is still widely used in financial institutions' mainframe systems.

Verdict: SUPPORTED · 7 sources for, 0 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence for · 7
Importance and Application of COBOL in Banking Sectors
2022
Get citation
Mundekar, P. M. & Jha, P. D. (2022). Importance and Application of COBOL in Banking Sectors. doi.org. https://doi.org/10.48175/ijarsct-5405

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More for · 6
Banking on (Artificial) Intelligence
2025
Get citation
Lau, T. (2025). Banking on (Artificial) Intelligence. play.google.com. https://play.google.com/store/books/details?id=DylGEQAAQBAJ&source=gbs_api

COBOL
Get citation
COBOL. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/COBOL

GC Mainframe Strategy 2.0
2024
Get citation
GC Mainframe Strategy 2.0. (2024). open.canada.ca. https://open.canada.ca/data/en/dataset/7f5e27ba-80f6-4aca-bfab-9ce88801ef74

The effect of 3D visualization on mainframe application maintenance: A controlled experiment
2019
Get citation
Satish, C. & Mahendran, A. (2019). The effect of 3D visualization on mainframe application maintenance: A controlled experiment. doi.org. https://doi.org/10.1016/j.jksuci.2017.03.003

X-COBOL: A Dataset of COBOL Repositories
2023
Get citation
Ali, M. S., Manjunath, N., & Chimalakonda, S. (2023). X-COBOL: A Dataset of COBOL Repositories. zenodo.org. https://doi.org/10.5281/zenodo.7968845

Technology in Banking
1990
Get citation
Steiner, T. D. & Teixeira, D. B. (1990). Technology in Banking. books.google.com. http://books.google.com/books?id=ej-sAAAAIAAJ&dq=COBOL+is+still+used+in+banking.&hl=&as_pt=BOOKS&source=gbs_api

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