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GT Software Announces Launch of New Open Banking SmartBridge TechnologyGT Software, a mainframe modernization software company, announces today the launch of Open Banking SmartBridge. This new offering will provide banks and financial institutions with a quick and secure way to connect their legacy IT systems to the multitude of ever-changing third-party apps and services as the U.S. moves closer to open banking adoption. Until now, the pace of modernization has been frustratingly slow. 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. The Open Banking SmartBridge brings speed, flexibility and compatibility to the mainframe by:
The Open Banking SmartBridge works in real-time to:
GT Software developed the backbone of Open Banking SmartBridge over the past decade, using its 35 years of mainframe expertise to test the software rigorously. About GT Software GT Software empowers many of the world's largest banks-such as SunTrust, JP Morgan (News - Alert) Chase, and Natixis-to accelerate their IT modernization efforts. By enabling companies to connect legacy mainframe assets with modern, cloud-based systems, GT removes a major roadblock for Fortune 1000 companies looking to elevate their customer experience. Pioneering the Open Banking movement in Europe and the US, GT Software allows mainframes to rapidly create inbound calls and call out. Now, legacy systems can perform functions such as real-time payment, fraud detection, KYC, and AML in real-time. GT Software is proud to help lead innovation with its 35+ years of mainframe expertise. View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005100/en/ |