Insurers generally have a multiplicity of incompatible core systems of record across different business units and country operations. How do they deliver constant, digitally transformed customer delight and collapse claims and operational costs?
Fun fact: Many long-established insurance companies still rely on legacy mainframes computers running applications in an outdated programming language from the 1960s.
The factors driving the cloud micro services market is, with rapid enhancement in advanced technologies, use of connected devices and digital solutions is gaining high momentum due to which, the scope of digital transformation is getting broader.
“When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.” The complex nature of digitalization, cleverly summed up by the renowned MIT Professor George Westerman, is even more intricate for the financial services sectors.
Microservices architecture has paved way to new approaches in application programming interfaces (API), which allows setting a more agile development in delivering services to clients. The architecture based on microservices is a new way to creating next-generation cloud infrastructures.
In addition to being named one of the Top 10 Best Performing API Solution Providers, disruptive newcomer OpenLegacy has recently been making headlines around the world with an impressive $30 million dollar funding round.
Great catching up with Zeev Avidan, Chief Product Officer, OpenLegacy on the heels of them closing a $30 million funding round and launching version 4.2 of their API integration and management platform. To date, OpenLegacy has earned their stripes by enabling financial services and insurance companies with significant legacy infrastructure to leverage existing systems and avoid or mitigate the risk of costly migration and modernization projects.
Application modernization means different things to different people. For some, it could be turning a 5250 screen into a Web or mobile interface, or replacing database access with SQL. But for others in the IBM i community, including the vendor OpenLegacy, modernization refers to exposing existing business logic as APIs through a microservices architecture.
JERUSALEM, Nov 28 (Reuters) - Israel’s OpenLegacy, whose software helps companies create digital services from older systems, said on Wednesday it raised $30 million in a funding round led by Silverhorn Investment Advisors.
Automation, alignment, and security are just three of a long list of things for developers to learn about DevOps. Do you need to strengthen the security of the mobile apps you build? Discover more than 50 secure mobile development coding practices to make your apps more secure.
New IMS Connector Simplifies the Creation of Digital Channels and Innovations in IMS Environments OpenLegacy, the leader in delivering microservices-based API integration and management for core and legacy systems, announces the latest addition to its comprehensive library of native connectors to include the IMS DC system.
OpenLegacy, the leader in delivering microservices-based API integration and management for on-premise and legacy applications, announces the latest version of its software, smoothing the path for enterprises to speed integration of the latest in fintech, insurtech, and other digital, customer- and process-focused technologies.
Cloud Micro services – Global Market Future study with Growth at CAGR of +5.5% by 2025 | Top Companies like – WS, CA Technologies, Contino, CoScale, IBM, Infosys, Kontena, Macaw Software, Marlabs, Microsoft, Netifi, NGINX, OpenLegacy, Oracle,, Pivotal Software.
The purpose of this brief article is to get you thinking, in concrete ways, about taking some of what you already have, so called legacy applications, and making them available in the cloud. Is it really possible to take legacy systems and move them to the cloud?
OpenLegacy was recently selected as one of nine startups in Fintech Europe's initial accelerator batch. Sponsored by Plug and Play in partnership with Deutsche Bank and Tech Quartier, the Frankfurt-based program intends to run two 12-accelerator batches per year.
OpenLegacy has experienced significant growth in sales and personnel since January of 2018, especially in North America. The expansion includes a team increase of 26% focused on meeting the demand for OpenLegacy technology in new regions, especially major North American hubs, such as New York, Chicago, and Dallas, as well as Mexico. Platform Support members have been added to manage the growth generated by the regional expansion and increasing global customer base.