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Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series D
Total Funding
$92.1M
Headquarters
New York City, New York
Founded
2010
OpenFin provides an enterprise-grade operating system for the financial industry that unifies and streamlines desktop applications. It serves banks, asset managers, and hedge funds with a user base over 300,000 and a network of 3,500 applications. How it works: its OS sits on top of the desktop and allows different financial apps to communicate, share data, and present consistent layouts and notifications, creating a connected, efficient workflow. It earns revenue via licensing its OS and related products and through partnerships with software vendors building applications on the platform. What sets OpenFin apart: a large, existing ecosystem and decade-long financial industry focus, enabling rapid digital transformation and a unified workspace across many tools rather than a single vendor solution. The company’s goal is to improve desktop productivity and collaboration in finance by providing a secure, integrated environment that simplifies data flow and application interoperability.
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Total Funding
$92M
Below
Industry Average
Funded Over
7 Rounds
Industry standards
OpenFin, a startup developing an operating system for Wall Street, has received a strategic investment from SC Ventures, the fintech arm of Standard Chartered Bank. The funding will help OpenFin expand beyond its trader-focused roots, developing offerings for back-office functions and a new notification center tool. OpenFin has raised a total of $50 million, including a $17 million Series C in 2019. The investment also supports growth in Asia, Africa, and the Middle East.
Finastra, a global financial software provider, has teamed up with OpenFin to enhance the user experience in treasury management systems.
Finastra, a global provider of financial software applications and marketplaces, and OpenFin today announced a partnership to redefine the user experience of Finastra Kondor, a leading bank treasury management system. With OpenFin’s technology, Finastra will strengthen Kondor’s visual real estate with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks. The partnership is part of a wider Kondor evolution, which includes leveraging microservices, embedded AI and partner ecosystems to deliver intuitive and persona-based experiences, available via Treasury as a Service (TaaS) and cloud capabilities.Powered by OpenFin’s Workspace “Anywhere” technology, Kondor users will have easy access to the solution either in web browsers such as Google Chrome and Microsoft Edge or as a lightweight desktop app. Whether curating personalized experiences via the micro-UI workspace, or consuming partner applications via unified dashboards, banks benefit from a more seamless, intuitive and value-added treasury management experience wherever they are working.“Enriching Kondor with OpenFin’s software reflects our ongoing commitment to placing our customers at the center of the solution experience,” said Herve Carrere, Chief Product & Technology Officer, Treasury & Capital Markets at Finastra. “Through robust technology and TaaS, we’re giving banks the tools to fast-track their transformation, future-proof their business to evolve with new demands and optimize their entire treasury operations – from full back-office processing through to real-time coverage of credit, market and liquidity risk in the front office. The seamless workspace experience also ensures that users can easily access these tools in the way that works best for them.”“Our collaboration with Finastra enhances Kondor’s already impressive capabilities, making it even more powerful in the complex landscape of treasury trading,” said Adam Toms, Chief Operating Officer at OpenFin
Banks can accelerate their treasury transformation by seamlessly interacting with Finastra's trading and risk management tools, and fintech partner ecosystem, via a web browser or desktop appLONDON, May 1, 2024 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, and OpenFin today announced a partnership to redefine the user experience of Finastra Kondor, a leading bank treasury management system. With OpenFin's technology, Finastra will strengthen Kondor's visual real estate with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks. The partnership is part of a wider Kondor evolution, which includes leveraging microservices, embedded AI and partner ecosystems to deliver intuitive and persona-based experiences, available via Treasury as a Service (TaaS) and cloud capabilities.Powered by OpenFin's Workspace "Anywhere" technology, Kondor users will have easy access to the solution either in web browsers such as Google Chrome and Microsoft Edge or as a lightweight desktop app. Whether curating personalized experiences via the micro-UI workspace, or consuming partner applications via unified dashboards, banks benefit from a more seamless, intuitive and value-added treasury management experience wherever they are working."Enriching Kondor with OpenFin's software reflects our ongoing commitment to placing our customers at the center of the solution experience," said Herve Carrere, Chief Product & Technology Officer, Treasury & Capital Markets at Finastra. "Through robust technology and TaaS, we're giving banks the tools to fast-track their transformation, future-proof their business to evolve with new demands and optimize their entire treasury operations – from full back-office processing through to real-time coverage of credit, market and liquidity risk in the front office. The seamless workspace experience also ensures that users can easily access these tools in the way that works best for them.""Our collaboration with Finastra enhances Kondor's already impressive capabilities, making it even more powerful in the complex landscape of treasury trading," said Adam Toms, Chief Operating Officer at OpenFin
SAN FRANCISCO--(BUSINESS WIRE)--Enterprise Connect, the leading conference and exhibition for enterprise communications and customer experience, will feature hundreds of innovative products and services in the Expo Hall. View the complete list of sponsors and exhibitors here. The technologies help IT professionals improve communication, collaboration and CX strategies. Enterprise Connect 2024 takes place March 25-28, 2024 at the Gaylord Palms in Orlando, FL and digitally. Register here. “Our Expo Hall is the only place to find the enterprise communications and customer experience providers displaying their solutions in one location
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Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series D
Total Funding
$92.1M
Headquarters
New York City, New York
Founded
2010
Find jobs on Simplify and start your career today