

AI Can Learn COBOL in a Day — But Should It Interact with Financial Infrastructure?
Introduction Recent demonstrations have shown that advanced artificial intelligence models can understand and generate legacy programming languages such as COBOL in remarkably short timeframes. This signals how rapidly AI capability is evolving. But in financial services, the central challenge is no longer whether AI can learn. The challenge is control. Financial infrastructure is not experimental software. It underpins market stability, liquidity management, capital allocati












