Japan’s SBI Holdings has made a $20m investment in Openlegacy Technologies, which supports API integration of core banking platforms.

SBI will now recommend using the OpenLegacy API platform that enables regional banks to undergo digital transformation.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

This aligns with the Japanese strategy to support regional revitalisation.

“We will continue to actively develop next-generation industries and enhance the enterprise value of the venture companies in which we invest,” SBI said.

OpenLegacy automates API creation, optimisation, testing, and deployment for core (legacy) systems.

The firm is said to facilitate the creation of APIs without the expenses, time, resources and risk that is usually associated with the process.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It aids the creation of microservices-based APIs for firms, enabling them to extend their core platform to the web, mobile, and cloud.

The company’s technology is said to do away with complex middleware and directly link to the core platform. It supports on-premises and in the cloud deployment.

Referring to Openlegacy, SBI noted: “Using this platform, financial institutions can easily achieve API integration with the smartphone money transfer app “Money Tap,” supplied by Money Tap Co., Ltd., a provider of next-generation financial infrastructure.”

Openlegacy counts Citi, Liberty Mutual, FIS as well as BNP ParibasCardif as its clients.