Standard Chartered Bank Korea adopts OpenLegacy API technology
US software company OpenLegacy has provided system APIs to Standard Chartered Bank Korea (SCB Korea) as the latter looks to advance its digital transformation.
SCB Korea is looking to modernise its platforms
The provider’s composable integration technology enables SCB Korea to extend core banking functionalities to its internet banking service as part of its technology overhaul.
OpenLegacy’s digital-driven integration platform is intended to enable organisations with legacy systems to quickly and efficiently release new digital services faster.
It connects directly to legacy systems and automatically generates APIs, deploying them as standard microservices or server-less functions.
OpenLegacy claims users can release new apps, features, and updates in days instead of months.
Jason Ki, senior vice president, technology and innovations at SCB Korea, says: “As the bank embarks on a digital journey to modernise our platforms, it is critical that we leverage new technologies to ensure we stay relevant in this competitive space.”
Joseph Wong, general manager of Asia Pacific and Japan at OpenLegacy, adds: “We’re delighted to team up with Standard Chartered to better serve their customers. The power and speed of our API solution was well demonstrated in a difficult operating environment during the pandemic. We look forward to growing the partnership throughout Asia.”
