Core Banking Modernization: 800M Lines in 18 Months
A top-20 US regional bank faced an existential risk: their entire core banking platform — 800 million lines of COBOL written over 40 years — was maintained by a team with an average age of 61. With retirements accelerating and no viable hiring pipeline, the bank needed a credible modernization path.
TranspilerAI deployed an on-premises instance within the bank's secure data center. After a 10-week pilot covering the transaction processing subsystem, the full program was approved. Transformation proceeded in parallel with production operations, with zero downtime.
800M lines transformed to Python in 18 months. The bank reduced its COBOL maintenance headcount dependency by 90% and cut annual mainframe licensing costs by $42M.