Japan’s SBI Holdings has invested $20mn in OpenLegacy Technologies.
In Brief:
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OpenLegacy is an American business that makes API integration of core systems easier.
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It counts Citi, FIS and BNP ParibasCardif among its clients.
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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.