SBI Invests $20m In Core Banking-API Integration Firm OpenLegacy

SBI Invests $20m In Core Banking-API Integration Firm OpenLegacy
04.02.2020 05:57 am

SBI Invests $20m In Core Banking-API Integration Firm OpenLegacy

Core Banking , FinTech StartUps

Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems.

Citi, FIS and BNP Paribas-Cardif are among the clients for OpenLegacy's platform, which helps them to create microservices-based APIs to extend their core banking systems to the digital world, including the web, mobile and cloud.

The system let companies create APIs without the typical cost, staff, time and risk, bypassing complex middleware and connecting directly to the core banking system, automatically generating the APIs, and offering a variety of deployment options both on-premises and in the cloud.

SBI says it will now recommend using OpenLegacy's API platform to regional banks as part of its efforts for "regional revitalization".

Related News

Mogadishu-based Amana Bank Signs Comprehensive Software Deal with Path Solutions

Amana Bank, a leading Islamic bank in Somalia today announced that it has selected ... Read more »

Temenos Cloud-native, Cloud Agnostic Core Banking Technology Supports Banco del Sol to Quickly Launch a New Bank

Temenos (SIX: TEMN), the banking software company, today announced that Banco del Sol has gone live with ... Read more »

Thought Machine and TruNarrative collaborate on resilience and core banking innovation for Atom bank

Thought Machine, the cloud native core banking technology firm, today announced it has teamed up with RegTech leader TruNarrative to provide... Read more »

LeanDev rebrands as Vilja

For years, LeanDev has achieved great success with their cloud-based platform for banks and credit institutions. It has helped customers like Visma Finans, SevenDay Bank, OPR... Read more »

Thomson Reuters enhances Strategic Partnership with Path Solutions for ONESOURCE centralized tax solution

Thomson Reuters, provider of the industry’s most powerful tax and accounting technology for corporations, and Path Solutions, provider of intelligent software solutions to... Read more »

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel