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HomeFinTechOpenLegacy: Receives $20M Strategic investment from SBI Holdings

OpenLegacy: Receives $20M Strategic investment from SBI Holdings

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OpenLegacy: Receives $20M Strategic investment from SBI Holdings

  • OpenLegacy, a Reston, VA-based provider of microservice-based APIs for legacy and core systems, received a $20m strategic investment from SBI Holdings
  • The firm offers both on-site and hosted versions of its software
  • OpenLegacy has now raised $61M from four funding rounds, including a Series B in November 2018
  • SBI Holdings also will offer OpenLegacy software to regional banks as part of its “regional revitalisation” programme
  • While not regional, there were two major core banking deals in Japan in 2019
  • Mizuho Bank and Sumitomo Mitsui Trust Bank selected Oracle’s Flexcube core banking system

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