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ABOUT OHPEN
We are IT bankers
Ohpen was founded by a team of highly experienced IT and financial service professionals with decades of experience as bankers ourselves. By combining these two specialties we thrive to change the software business by reinventing it.
Our mission
We are extinguishing legacy software by developing the best mutual fund and savings platform in the world. So that the financial services industry is freed from on premise legacy software by cloud based administration factories.
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Our philosophy
OHPEN
Founded at the peak of the financial crisis. Fueled by an unstoppable desire to drive change.
To challenge everything. To take a different perspective. To extinguish legacy software.
No more excuses.
After decades of working as retail bankers we found on premise banking software to be expensive, inflexible, slow updating and bad performing.
The only option to leave the world of legacy is to start from scratch. And so we did.
We developed the best funds and savings platform in the world.
But be warned!
We are not your typical software or outsourcing company. Nor a consulting firm.
We challenge market practices and have a strong opinion which we are not afraid to share. We will risk losing a deal by challenging your operational processes,
ICT architecture, business model and perhaps even your strategy.
We believe that the financial services industry must be freed from on premise legacy software by cloud-based administration factories.
And by the way……The Ohpen Platform will save you millions.
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Benefits
Flexible solution
The Ohpen platform can be used as an ‘one-stop-shop’ needing no other software applications
such as CRM, CMS, workflow manager, website.
Or you can use it as an easy to integrate ‘slave‘ application in your existing infrastructure via our api.
Latest technology
The Ohpen Platform was build based on the latest technology available and
continuous improvements are made to ensure there is no legacy.
SaaS
When choosing for the Software-as-a-Service (SaaS) solution from Ohpen, you license our software
on a subscription basis and we’ll take care of the hosting of the applications and the maintenance
of the infrastructure. You run your business and leave OPS and IT to us.
Unique pricing scheme
Our business model is not based on the number of hours we can bill you.
It is based on the number of accounts you have. If you grow, we benefit!
Ohpen charges an all-inclusive fixed fee per administrated account per month.
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OUR SOLUTION
Ohpen is a platform ‘out-of-the-box’ and offers financial service providers a fully integrated, multilingual, web-, front-, mid- and back-end solution for mutual fund and savings accounts. As the Ohpen Platform is a complete solution needed to start a financial company, the following modules are incorporated.
SAVINGS
ACCOUNTS
CUSTOMER
RELATIONSHIP
MANAGEMENT
CONTENT
MANAGEMENT
SYSTEM
BACK OFFICE
BUSINESS
INTELLIGENCE
INVESTMENT
ACCOUNTS
RISK & AUDIT
PORTFOLIO
MANAGEMENT
REPORTING
ORDERING
THE OHPEN PLATFORM
Use the Ohpen Platform for the administration of retail mutual funds and savings accounts. Our basic principle, is that you don’t need us
anymore after the implementation. Therefore, all modules are configurable by yourself.
“All banks stand to gain significant benefits from cloud computing
adoption, including new levels of strategic optionality”
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CLIENTS
All financial companies who have or would like to introduce some kind of investment solution or savings account proposition, with or without a fiscal wrapper, can use the Ohpen Platform. Whether you would like to migrate your existing portfolio or start a greenfield, Ohpen can serve you.
Mutual fund managers
Direct online distribution of mutual funds has been offered in the United States for decades, but has not taken off in Europe and Asia yet. With Retail Distribution Review legislation currently being implemented in European countries, there is a unique opportunity for direct distribution of mutual funds by starting a webshop.
Savings banks
The key to success for (online) savings banks lies in operational excellence and low infrastructure costs.
In practice, however, many existing core banking systems are not future proof and a ‘sledgehammer to crack a nut’.
Retail banks
Ohpen offers savings accounts and mutual fund trading and administration for execution only environments, advice and managed accounts service models.
Insurance companies
Many insurance companies offer mutual funds with specific fiscal benefits. The administration of these mutual funds is a complicated and expensive operation and due to changing economic circumstances customers are becoming increasingly critical about the fees associated with these funds.
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Private banks
Most private banks are looking at their current business models and are considering changing the way they conduct business, as complicated product offerings and outdated systems cause major legacy issues. Some private banks are creating a ‘feeder’ channel for its private bank by offering a simple online asset management proposition.
Online brokers
Online brokers are confronted by less trade, decreasing margins per trade and declining interest margins. So they have to find revenues elsewhere.
“Robeco Direct N.V., a Dutch bank offering saving products, investment funds, mortgages and other services currently manages over € 8 billion in assets. It recently moved its entire retail banking platform to the cloud. To reduce complexity and costs while improving agility, the bank selected a banking platform from Ohpen, a banking technology provider based in Amsterdam.”
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CONTACT
Contacting us
Ohpen travels the world to accomplish its mission. Do you want to know more about Ohpen, our solution or do you want a demo of the Ohpen Platform? Feel free to contact us!
Ohpen HQ Rokin 111 1012 KN Amsterdam The Netherlands +31 (0)20 722 10 14 [email protected] www.ohpen.com
Socializing with us
You can find more information about our company and opinion via the following social media channels.
Joining us
Interested in working at Ohpen? Please check out our ‘Join our mission’ webpage to see if there could be a match. Already done that and want to apply? Please mail your resume to [email protected] accompanied by a motivation letter.