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