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Ohpen

ohpen.com

Founded Year

2009

Stage

Secondary Market | Alive

Total Raised

$48.01M

About Ohpen

Ohpen is a Netherlands-based company that has built cloud-based core banking software, targeting any large financial services provider that administrates retail investment and savings accounts.

Headquarters Location

Rokin 111

Amsterdam, 1012 KN,

Netherlands

+ 31 (0)20 722 1000

Ohpen's Product Videos

ESPs containing Ohpen

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Retail Banking Tech

Companies in this market include cloud-native and cloud-based SaaS platforms that integrate with or replace banks’ existing core systems. These solutions can enable cost-savings across the retail banking value chain, reduce silos in front and back-end operations, help launch new products, and drive better consumer experiences.

Ohpen named as Challenger among 14 other companies, including Finastra, Mambu, and 10x Future Technologies.

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Ohpen's Products & Differentiators

    Savings Engine

    Ohpen’s Savings Engine is a product that allows financial service providers to run their savings account portfolio easily and efficiently. Our engine supports all types of savings accounts (variable rate, fixed rate or target savings), and has functionality that ranges from onboarding to account management, interest processing, fee generation, reporting, monitoring and more.

Expert Collections containing Ohpen

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ohpen is included in 3 Expert Collections, including Banking.

B

Banking

1,292 items

W

Wealth Tech

1,919 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech

5,028 items

Track and capture company information and workflow.

Latest Ohpen News

Blog: SaaS is in demand in 2023 – and with good reason

Jan 18, 2023

Ohpen Recently, Yahoo Finance reported that, due to the Covid-19 pandemic and the impact of the Russia-Ukraine War, the global market for Software as a Service (SaaS) is now estimated at $96.76bn. This is projected to reach $234.9bn by 2028 – a compound annual growth rate of 15.9% during the forecast period 2022 to 2028. In the context of global analysis, of course, UK mortgage lending might appear a relatively insignificant market. However, the growth rate in the UK underlines the demand for a new business model for banking platforms that deliver the security, agility and robustness required of a modern operating environment. Something too often unavailable on older software that is ran on even older infrastructure. But what is really transformative and underlines, in my opinion, the rapid growth in demand for SaaS solutions is that the on-demand consumption model has massively altered the IT landscape for smaller businesses and lenders who are rapidly adopting SaaS as they seek to benefit from its cost-effectiveness, accessibility, and scalability. One of its biggest benefits is its flexibility, which enables organisations with smaller budgets to side-step huge infrastructure costs, both in terms of initial capital outlay and ongoing service and maintenance costs. Businesses simply pay for the solutions and services they need, enabling them to leverage software that might otherwise have an expensive licencing model. But just as important is the fact that an SaaS operating model changes the nature of a commercial relationship going forward. It aligns interests as the IT supplier is incentivised in a SaaS model to continue to invest in things that drive more business to the lender – and therefore revenue to both parties. The old licence model typically incentivised the value on launch (with the upfront licence) – but then you pay more if you want new functionality. Of course, not everyone will grasp this and some people will see the opportunity to ‘lift and shift’ – the process of rehosting applications and their data from one IT environment to another – and save money as just that. But that is to misunderstand the real value available to lenders in a mortgage market where new propositions are lining up to come to market with products that challenge the model we have known for so long. Long-term fixed rates with no early repayment charges are just one example. But it goes further than bringing new propositions online. They have to evolve quickly. Businesses are looking to do more with less in a bid to become lean agile companies that operate efficiently to deliver innovation and world-class operational models. SaaS is a fundamental component of that change. Given the change in operating circumstances in the UK mortgage industry, it is perhaps unsurprising that interest in agile affordable SaaS services is so high on the boardroom agenda. SaaS solutions offer interoperability that increases access to all sorts of other innovations and means businesses are not beholden to one supplier to finally deliver what is needed. The cloud environment is itself one of the most innovative environments for new solutions anywhere. My own view is that, in keeping with the benefits of cloud native solutions, flexible, agile, secure, and resilient will become essential components of every lender’s IT infrastructure. The barriers to entry for innovating are being removed. Lenders that are visionary enough to understand how to harness the opportunities this offers will emerge the winners. Ahmed Michla, Ohpen

Ohpen Frequently Asked Questions (FAQ)

  • When was Ohpen founded?

    Ohpen was founded in 2009.

  • Where is Ohpen's headquarters?

    Ohpen's headquarters is located at Rokin 111, Amsterdam.

  • What is Ohpen's latest funding round?

    Ohpen's latest funding round is Secondary Market.

  • How much did Ohpen raise?

    Ohpen raised a total of $48.01M.

  • Who are the investors of Ohpen?

    Investors of Ohpen include NPM Capital and Amerborgh.

  • Who are Ohpen's competitors?

    Competitors of Ohpen include Vodeno, Mambu, Thought Machine, Tuum, FintechOS, Technisys, Finxact, 10x Future Technologies, Bankish, Skaleet and 13 more.

  • What products does Ohpen offer?

    Ohpen's products include Savings Engine and 3 more.

  • Who are Ohpen's customers?

    Customers of Ohpen include Nationale-Nederlanden, BNP Paribas Personal Finance, TKP, Leaseplan Bank and SVN.

Compare Ohpen to Competitors

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Five Degrees is a digital banking technology provider with offices in the Netherlands, Iceland, Luxembourg, Portugal and Serbia. As its core business, Five Degrees provides a digital banking platform, offering banks and other financial institutions customer-centric banking systems.

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Zafin

Zafin develops SaaS cloud-based products and pricing solutions for financial institutions, enabling business users to define and execute micro-segmented, customer-centric product and pricing strategies. The company's platform drives revenues and reduces costs while integrating easily with back-end systems and customer-facing channels. Zafin externalizes product and pricing from core processing so Banks can create exceptional customer experiences while accelerating their digital transformation.

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Finastra

Finastra, formed by the merger of Misys and D+H, provides a range of financial services, treasury, lending, and banking software solutions to bank and financial institution clients, providing both in-house and cloud-based tools.

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FintechOS

FintechOS offers a digital framework for financial organizations to engage in digital transformation. It specializes in developing and redesigning the Customer Experience in Banking and Insurance.

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Vodeno

Vodeno is a cloud-based core banking platform that provides solutions for financial institutions. Its solutions include Banking as a Service (BaaS), cloud-native platforms, External Commercial Borrowings (ECB) banking licenses, business processes outsourcing, lending and Book Now Pay Later (BNPL) services and more. The company was founded in 2018 and is based in Warsaw, Poland.

Mambu Logo
Mambu

Mambu is a SaaS banking platform that powers digital financial services, providing flexible banking architectures that allow its clients to operate like tech companies rather than banks. Its sustainable, composable approach allows independent engines, systems, and connectors to be assembled and re-assembled in any configuration to meet business requirements and the ever-changing demands of customers. The company serves banks (both big and neo), lenders, fintechs, telcos, and retailers. Mambu was founded in 2011 and is based in Amsterdam, Netherlands.

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