OpenLegacy, which instantly transforms monolithic legacy applications into cloud-native building blocks, has announced significant momentum in the global banking sector. Financial institutions including Citibanamex, Banca Popolare di Sondrio, Banorte, Bank Hapoalim, Bank Leumi and Security Bank are using OpenLegacy to digitally transform legacy systems and step into a new era of innovation.
“Our world-class roster of global banks and financial institutions demonstrates the hunger for a new approach to legacy integration,” said OpenLegacy Co-Founder and CEO Romi Stein. “Monolithic systems like mainframes weren’t built to support digital innovation, but with OpenLegacy, generating microservice-ready APIs from core applications becomes a non-issue. Banks finally have the agility to embrace new trends and meet even the most rapidly evolving customer needs.”
OpenLegacy enables enterprises to create composable, high-level system APIs directly from mainframes and core financial systems such as FIS, Fiserv, Hogan, Finastra, Alnova, Midas, FLEXCUBE and Temenos. The platform enables the significantly faster development of digital services on top of the standard enterprise service bus (ESB), while increasing performance and lowering complexity and maintenance costs. OpenLegacy automatically generates APIs from legacy tech, opening up opportunities for digital innovation in mobile experience, end-to-end digital accounts, fintech partnerships and open banking initiatives.
“Like many of our global peers in the financial services space, Banca Popolare di Sondrio is on a journey to strengthen our relationship with our customers also on-line,” said Milo Gusmeroli, CIO of Banca Popolare di Sondrio. “Doing so requires that we bring the same agility to our monolithic backend that we do to digital development. OpenLegacy has been a critical part of that journey, enabling us to harness the power of our mainframe to deliver a constant stream of innovation – from our mobile and digital solutions.”
