GT Software Announces Launch of New Open Banking SmartBridge Technology
Summary
Ninety percent of the world’s financial transactions are processed on mainframes every day, but this legacy technology is notoriously bad at talking to external applications and systems. When connecting the old with the new, traditional banks often hit a major roadblock due to the legacy technology on which their apps and processes are built. For inbound calls, third-parties have instant mainframe access to look up balances or verify account information and initiate transactions directly from legacy apps. SmartBridge also allows for real-time outbound calls from COBOL and PL/I applications to KYC, AML and fraud-detection systems without writing any code. GT Software empowers many of the world’s largest banks—such as SunTrust, JP Morgan Chase, and Natixis—to accelerate their IT modernization efforts.
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