OpenLegacy Receives $20M Strategic investment from SBI Holdings

OpenLegacy

OpenLegacy, a Reston, VA-based provider of microservice-based APIs for legacy and core systems, received a $20m strategic investment from SBI Holdings.

SBI has made the investment based on OpenLegacy’s long-term technology promise as well as to accelerate its own digital transformation activities, using the company’s technology to advance the building of Internet banking across uts portfolio of Japanese banks, and instituting Moneytap, a blockchain-based payment application in Japan and globally.

Led by Ron Rabinowitz, President provides a platform that reduces the time, cost and risk normally associated with digital transformation by connecting directly to legacy systems, automatically generating microservice-based APIs, and deploying on-premises or in the cloud. The solution, which further enables integration into existing or new DevOps pipelines because of its compatibility with modern code development practices, is already being used by Fortune 500 companies like Citi, Liberty Mutual, FIS, and BNP Paribas-Cardif, to name a few.

FinSMEs

03/02/2020

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