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OpenAI looks to help banks modernise legacy software their operations still depend on

Image: The Economic Times. Rights remain with the publisher.

OpenAI has enhanced its models to work with legacy programming languages like COBOL and Fortran. The AI assists companies in modernising critical software systems, which often lack documentation. Recent tests showed significant improvements in accuracy for building and translating software across multiple languages.

Read the full report on The Economic Times

Story file

Section
Tech
Topics
AI & gadgets
First reported by
The Economic Times
Reporter
et online
Published
Tuesday, 20 October 2026, 9:21 am IST
Coverage
One outlet so far

How this page works. The Headline Update lists this report from The Economic Times with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.

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