Over the last few years, new digital-only banks have taken trillions of dollars in checking accounts, mortgages, and wealth management assets from traditional banks. How can banks tied to mainframe systems keep up with their digitally-native competitors?
Digital banking is the answer. Composability is the ability to rapidly assemble new products and customer experiences from cloud-native building blocks. OpenLegacy transforms the way banks innovate by finally making composable banking a reality.
OpenLegacy connects directly to core systems, automatically generates digital-ready code, and deploys as standard microservices or serverless functions. With OpenLegacy, banks can finally achieve the speed and resilience of the composable enterprise — harnessing legacy assets for continuous innovation.
Rapidly launch new digital innovations by harnessing the power of your legacy systems, mainframes, databases, or applications.
No special skills needed. No changes to core systems required - dramatically cutting down dev & deployment effort
Deploy legacy assets as microservice-based APIs or serverless functions for on-premises, on the cloud or both.
|Business Use Cases||Technical Benefits|
Rapidly introduce new mobile features and digital product offerings.
Quickly and automatically create open APIs from your core systems, like AS/400, IBM mainframes, CICS, IMS and many more.
Connect to FinTech and blockchain technologies to expand your banking services.
Reduce reliance on ESB middleware to lower overall costs and maintenance.
Unlock the potential of open banking with global APIs.
Keep connections secure by using HTTPS and TLS to access core systems. Your microservice-based APIs are secured with strong-type checking (JSON) and oAuth2 (web authentication).
"OpenLegacy helps us set the mainframe free, finally. Instead of being a prohibitive factor for new projects, it’s now the enabler - with OpenLegacy generated APIs that connect to any other system in our environment”
“OpenLegacy helped us become truly responsive by letting us build APIs and microservices in a single sprint—five microservices in two weeks, instead of one in many months.”
"By using this platform, API connection to MoneyTap's money transfer application - "Money Tap" which provides next-generations financial infrastructure - will be easy. As the SBI Group actively engages in regional revitalization, it encourages the use of the API platform, which facilitates digitization of regional banks, and will revitalize regional banks."
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