SBI Holdings invests in US API firm

February 03, 2020 | Open Banking
Written by FinTech Alliance
SBI Holdings invests in US API firm

Japan’s SBI Holdings has invested $20mn in OpenLegacy Technologies.

In Brief:

  • OpenLegacy is an American business that makes API integration of core systems easier.

  • It counts Citi, FIS and BNP ParibasCardif among its clients.

  • Companies can create APIs with less cost, time and risk.

What does this mean?

OpenLegacy can help clients create microservices-based APIs to extend core banking systems to digital – across web, mobile and cloud. Connecting via APIs makes it easier for companies to plug in new capabilities and see if they work without overhauling their entire system.

Read more here.

 

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