Country
State
Cities
IT. JUST. WORKS.
2009
$25 - $49/hr
50 - 249
Netherlands
Legacy out. Agility in. It is the only way forward for the financial industry and the driving principle behind Ohpen: a ruthlessly effective, cloud-based core banking engine. Built by former retail bankers to administer retail investment and savings accounts, Ohpen liberates banks from their legacy systems and processes.
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Rokin 111 Amsterdam North-Holland Netherlands 1012
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What is the primary focus of Ohpen?
Ohpen provides a cloud-native core banking platform designed to automate banking processes. The software is built to handle savings and investment products, helping financial institutions modernize their infrastructure and improve operational efficiency.
Which industries does Ohpen serve?
The company focuses exclusively on the financial services industry. It supports banks, asset managers, and other financial institutions looking to transition from legacy systems to a scalable, cloud-based environment.
Is the Ohpen platform cloud-based?
Yes, the platform is entirely cloud-native. It is built to run on Amazon Web Services (AWS), which allows financial institutions to leverage the scalability, security, and flexibility of cloud computing for their core banking operations.
Does Ohpen support both savings and investment products?
Yes, the core banking engine is specifically engineered to manage both savings and investment products. It automates the end-to-end lifecycle of these products, from onboarding to administration and reporting.
Where are the headquarters for Ohpen located?
The company is headquartered in Amsterdam, the Netherlands. It maintains a strong presence in the European financial market, serving clients primarily within this region.
How does Ohpen help banks move away from legacy systems?
The platform acts as a modern replacement for aging, monolithic legacy systems. By migrating core banking processes to the cloud, financial institutions can reduce technical debt, lower operational costs, and launch new products to market much faster.
What kind of security standards does the platform follow?
As a provider for the financial sector, the company prioritizes high-level security and compliance. The platform is designed to meet the rigorous regulatory requirements expected of banking institutions, ensuring data integrity and secure processing.
Can financial institutions use the platform for customer onboarding?
Yes, the platform includes automated onboarding capabilities. This streamlines the process of bringing new customers into the system while ensuring all necessary compliance and verification steps are handled efficiently.
Is the platform suitable for large-scale financial enterprises?
Yes, the software is designed to handle the complexities of large-scale financial operations. It provides the stability and performance required by established banks and asset managers to manage high volumes of transactions and customer accounts.
How can a financial institution get in touch to discuss a partnership?
Interested parties can reach out through the contact form available on the official website. The team provides information regarding platform capabilities and how the technology can be integrated into existing banking infrastructures.
Does the platform support regulatory reporting?
Yes, the system is built to handle the complexities of financial administration, which includes automated reporting features. This helps institutions stay compliant with local and international financial regulations without manual intervention.
What is the benefit of the platform's API-first approach?
The API-first architecture allows for seamless integration with other financial software and third-party services. This flexibility enables banks to build a custom ecosystem of tools around their core banking engine.
Does Ohpen offer a managed service model?
The company provides a SaaS (Software as a Service) model. This means the platform is managed, maintained, and updated by the provider, allowing financial institutions to focus on their core business rather than managing software infrastructure.
How does the platform handle high transaction volumes?
Because the platform is cloud-native and built on AWS, it is inherently scalable. It is designed to handle significant transaction volumes, ensuring that performance remains consistent even as the institution grows.
Is the platform customizable for specific banking needs?
The platform is designed to be highly configurable to support various product types and business rules. This allows banks to tailor the system to their specific operational requirements while maintaining the benefits of a standardized, cloud-native core.
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