The latest round of federal and state regulations has put tremendous pressure on compliance departments. As companies scramble to put new systems and procedures in place, it is no surprise that legacy COBOL systems are especially difficult to bring into compliance. And, by the way, the other reasons for wanting to modernize these systems still hold true. Legacy applications are a major stumbling block as companies seek greater agility in getting new products and policies to market, and they make it very hard to provide a timely and consistent experience across all customer touchpoints as Web and mobile channels drive the need for greater personalization at ever higher volumes. Companies are also worried about the increased risk of aging hardware and software, along with the declining availability of skills to maintain these systems.
We’re seeing renewed interest in how business rules management can help with this problem by providing a low-risk, step-wise approach. It starts with using rules to more easily update key sections of the COBOL applications, and then uses the resulting rules projects to provide a smooth migration path to more modern platforms like Java and .NET.
Come learn more about FICO’s unique approach to building agility into legacy systems using Business Rules Management Systems. Enroll in our August 9 webinar.