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.

Our mission is to develop the best core banking engine in the world.

Finally free from the constraints of on-premises legacy core banking applications, banks will just plug in to a cloud-based administration factory using an API.

OHPEN WILL DELIVER BPO SOLUTION TO SUPPORT SNS BANK’S INVESTMENT OFFERING

Ohpen has signed a long-term outsourcing agreement with SNS Bank N.V. Ohpen will deliver their BPO solutions to support
the investment propositions of ASN Bank, BLG Wonen, RegioBank, and SNS. After the implementation phase, the services
will start by the end of 2017. Ohpen will replace their current service provider.

“Signing the agreement with SNS Bank marks a milestone for our company,” said Ohpen CCO Matthijs Aler.
“We are proud to be recognised as a quality solutions provider to support the investment solutions of SNS Bank.”

The Ohpen Core Banking Platform Modules

INVESTMENT ACCOUNTS

The Investment Accounts Module automates the administration of investment accounts. It enables you to use three service models: execution-only fund supermarket, robo advice and discretionary asset management.

SAVINGS ACCOUNTS

The Savings Accounts Module facilitates the administration of both variable interest rate accounts and fixed term deposits, whether they are fiscal wrappers or not.

PAYMENTS

The Payments Module enables you to process contributions and withdrawals safely to and from the savings- and investment accounts. Ohpen supports both commercial banking payments and wholesale banking payments.

ORDER MANAGEMENT

The Order Platform Module is organized to maximize efficiency in order execution based on sophisticated aggregation algorithms, using multiple cut-offs and connections with the relevant transfer agents, exchanges or other trading venues.

PORTFOLIO MANAGEMENT

The Portfolio Management Module handles the configuration of suitability testing and the subsequent management of model portfolios that are linked to individual customer accounts based on risk profiles. Automatic rebalancing takes place based on lifecycling, volatility, fund weightings and many other variables.

AUDIT & RISK MANAGEMENT

The Risk and Audit Module contains all necessary features such as market abuse, unusual transactions, prevention of terrorism financing, anti money laundering and suspicious payments.

REPORTING

The Reporting Module includes numerous standardized and custom reports for all your departmental needs, including: operations, risk, client services, tax, and general reporting.

BACK OFFICE

The Back Office Module provides all business processes including: record keeping, client onboarding, customer due diligence (CDD), real-time calculations, fee structures and calculations and the smart batch scheduler.

CRM

The Customer Relationship Management module improves efficiency to manage clients, leads, accounts, and contact history data. It also provides a visual dashboard to manage the workload of your teams and employees.

“The use of the core banking platform of Ohpen has enabled us to offer our clientsa fully automated and improved discretionary wealth management solution, whiledecreasing our Operations and IT-related expenses significantly”

Erik Muetstege – CEO Nationale Nederlanden Bank N.V.

MEET OUR TEAM

“Our people define our business. They are the very fabric of our service. Each of them are passionate leaders in their field. Experienced bankers. Expert software engineers. Seasoned compliance specialists. We know it is the merger of these diverse competences into one tight-knit team that our customers buy into.”

Chris Zadeh – Founder and CEO