Type: Programming language
Briefly explainedCOBOL (Common Business Oriented Language) is a programming language developed by IBM and used for the development of business applications. It was developed back in the 1950s, but is still used today. COBOL is mainly used in the finance and insurance industry and in the public sector, where the processing of large amounts of data is involved. Its good readability and simplicity make it comparatively easy to maintain.
Known Companies that use COBOL:
- American Express: Financial transaction processing applications
- Wells Fargo: financial transaction processing applications
- JPMorgan Chase: financial transaction processing applications