Deployment of new software tools leaves programmers out in the cold. (object oriented programming expected to replace Cobol for bank software needs)

American Banker | September 23, 1994| | Copyright

The legions of software programmers banks have relied on to develop and maintain their breadand-butter computer systems are facing up to a harsh reality -- their once-prized skills are becoming obsolete as fast as any other worker's in the Information Age.

After decades of rock-solid job security as demand outstripped supply for competent programmers able to harness the power of big banks' multimillion-dollar mainframe systems, bankers now concede many of their technology staffers' abilities don't match up well with the new technological order, where networks of personal ...

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