Knowledge Center

You've been there. Maybe it was during an OCC exam prep meeting. Maybe it was a Dodd-Frank compliance review. Or perhaps it was when your Chief Compliance Officer forwarded you yet another regulatory update with a yellow-highlighted section and a simple question: "Do we do this? Where?" And you f...

You've heard the pitch a thousand times. Your COBOL systems are legacy. They're risky. They're expensive to maintain. The developers who understand them are retiring. The solution? Modernize. Rip out those ancient mainframes and replace them with shiny new cloud-native microservices built on the ...

Your COBOL systems support the most critical objectives of your business. Phase Change Software LLC's COBOL Colleague captures institutional knowledge automatically by slicing your code to reveal complete business functions—every derivation, condition, and dependency that influences each output field. Instead of spending months documenting systems, our AI extracts […]

Mainframes are widely considered the backbones of many global financial services firms because they deliver unparalleled security, stability, and processing power. From credit card payments and ATM transactions to loans and mortgages, mainframes are relied on by 44 of the top 50 banks to host core applications that deliver secure experiences based on real-time data […]

Phase Change President Steve Brothers was recently interviewed for an article in The Fintech Times that considers the role AI could soon play in the financial industry. The article, “Phase Change: AI Powers the Future of Financial Services — Just Not in the Ways You Think,” examines how AI will help maintain the software that […]

Government system failures during the rush to provide public benefits to alleviate the economic effects of the COVID-19 pandemic publicly exposed the mainframe knowledge crisis that also threatens financial institutions, healthcare providers, and many other organizations foundational to the world economy. Several states discovered the knowledge-gap’s potentially devastating consequences when waves of unemployment-claims poured into […]