Ohpen introduces cloud banking platformat Finovate Fall 2012 Conference


Ohpen Introduces Cloudbanking Platform

Finovate is the only conference series focused exclusively on showcasing the best and most innovative new financial and banking technologies. Finovate conferences consistently attract large, high-impact audiences of senior financial and banking executives, venture capitalists, press, industry analysts, bloggers, regulators, and entrepreneurs. Finovate’s annual events include FinovateFall (New York), FinovateSpring (San Jose), and FinovateEurope (London).

At FinovateFall 2012 Ohpen CEO Chris Zadeh presented the Ohpen cloud banking platform to an audience of journalists, banking professionals and industry analysts. Below copy, courtesy of Finovate.

“Ohpen developed a fully automated and integrated multilingual cloud banking platform for the operation, administration, reporting and distribution of mutual funds investing and savings accounts. The website as well as the mid and back office and CRM are integrated in one application. The idea behind the platform is that it should be possible to offer unlimited scalability, availability, security and flexibility of services. In addition, profound automation of processes and services is key.

The platform is being hosted in the cloud and therefore is not installed locally at the bank (as all old-fashioned financial institutions do). The choice for this hosting solution will result in a 90% cost reduction.

Use of the platform will limit the number of employees needed to run day-to-day operations and decrease investment in hardware and software.”

Originally published on the Finovate website. Written by Julie Schicktanz.

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