If I understand it correctly, no; PeopleSoft is Legacy in some ways but it is actively developed and improved/maintained. The Peoplesoft Integration Broker is "modern-ish" from that perspective, and a proper middleware messaging system:

https://docs.oracle.com/cd/E92519_02/pt856pbr3/eng/pt/tibr/c...

It'll do XML messages in somewhat proprietary format with other PeopleSoft applications, and "near-real-time" queues via web services with other applications in a fairly standardized way (WSDL etc). I think of PeopleSoft Integration Broker as a "mini, proprietary ESB", as inaccurate as it may be in details :).