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I'm curious what features this hypothetical modern language would have that would be particular suited for financial institutions. This thought has piqued my interest

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The language need a fairly limited set of functions to support actuary calculations. You don't want things to get out of hand, with side effects, complex libraries, and so forth. Things need to be robust. Language like PL/SQL and SAS were fine but the systems are a pain to deal with and require technical knowledge that actuaries don't always have. Python is no emerging in the field by default because it allow quick prototyping but I would have concerns of the long term stability and maintainability of anything built out of it.

maybe put a framework on top of COBOL call COBOL-x, there use that as your starting point.

kind of joking/not joking, marketing has gotta play a huge role in that transition.

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