OpenFin provides financial services. It offers a desktop operating layer that enables banks and trading platforms to deploy desktop applications both in-house and to the buy-side and sell-side customers. The company was founded in 2010 and is based in New York, New York.
OpenFin's Products & Differentiators
Building apps on OpenFin couldn’t be easier. Any web app that runs in Google Chrome can run on OpenFin OS unmodified and in a matter of seconds. OpenFin APIs (usually <1% of code) enable windowing, interoperability, and system access.
Research containing OpenFin
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned OpenFin in 1 CB Insights research brief, most recently on Oct 19, 2022.
Expert Collections containing OpenFin
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OpenFin is included in 3 Expert Collections, including Fintech 100.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Capital Markets Tech
Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
OpenFin has filed 6 patents.
URI schemes, Identifiers, Semantic Web, Internet terminology, Web browsers
URI schemes, Identifiers, Semantic Web, Internet terminology, Web browsers
Latest OpenFin News
Sep 22, 2023
To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=2a43b801-a47d-42f1-a3be-97d6a7ffd768" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> In the 11th edition of our report, we bring you the key deal highlights and M&A trends across UK/Europe in the past 12 months which have shaped the financial services landscape. Focusing on the following verticals: Banks: Top 3 drivers of UK and European bank M&A in the past 12 months: Regional & domestic consolidation across Europe: >50 domestic bank consolidations, aside from those related to the Russia/Ukraine conflict Russia/Ukraine conflict necessitates M&A solutions: Sanctions forcing Russian banks to retreat within the Federation's borders, international banks leaving Russia and international conglomerates abandoning Federation banking outposts High-profile bank rescues: UBS's acquisition of Credit Suisse for US$2 billion and HSBC UK Bank's acquisition of Silicon Valley Bank UK for £1 Fintech: 3 reasons why fintech M&A activity remains high: Consolidation: Market consolidation takes centre stage in the form of acquisitions of competitors and strategic tie-ups to conquer niches Bank digital transformation strategies: Digital offerings are a "must have" tool in banks' arsenals. Europe's banks acquire equity/debt funds and partner to keep pace with customer demand Financial sponsor investment appetite: Whilst, broadly speaking, VC-led funding has experienced a slowdown, first-mover fintechs which have attained, or are proximate to, profitability, continue to attract financial interest (particularly from PE and SWF investors) Asset/Wealth Management: Sub-sector M&A activity levels soar—market moving deals across wealth management, financial planning, fund management, debt servicing, trust administration, direct lending and private equity funds in the last 12 months. Payments: Deliver a burst of bright sunlight amidst storm clouds across the European financial services M&A landscape. Service providers merge, acquire, partner and de-SPAC their way to scale, scope and new technology. Stock Exchanges/Clearing Houses/Trading Venues: Decisive inorganic growth decisions by London Stock Exchange, Deutsche Börse, Nasdaq and Euronext set a furious pace for European trading venue M&A activity. Brokers/Corporate Finance: Pan-European banks, including Mediobanca and Deutsche Bank, seek senior dealmaker bench strength through high profile acquisitions. Consumer Finance: Europe's consumer finance decacorns stumble as their valuations crumble. Specialty Finance/Marketplace Lending: Appetite for consolidation increases as niche lenders seek access to new geographic markets and cutting-edge distribution technology. We also provide our insights on the outlook for financial services M&A in H2 2023 and beyond. Reverberations from the falling dominos of SVB, Signature and Silvergate are felt on European shores Asset/Wealth Management Sub-sector M&A activity levels soar—market moving deals across wealth management, financial planning, fund management, debt servicing, trust administration, direct lending and private equity funds in the last 12 months. Payments Deliver a burst of bright sunlight amidst storm clouds across the European financial services M&A landscape. Service providers merge, acquire, partner and de-SPAC their way to scale, scope and new technology. Stock Exchanges/Clearing Houses/Trading Venues Decisive inorganic growth decisions by London Stock Exchange, Deutsche Börse, Nasdaq and Euronext set a furious pace for European trading venue M&A activity. Appetite for consolidation increases as niche lenders seek access to new geographic markets and cutting-edge distribution technology. Overview We are seeing Clash of the pan-European titans—decisive M&A activity by London Stock Exchange, Deutsche Börse and Euronext: Horizontal consolidations (e.g., European Energy Exchange's acquisition of Nasdaq Clearing Sweden's and Nasdaq Oslo's commodities exchange and clearing businesses and Compagnie Financière Tradition's acquisition of MTS Markets International) Vertical integration (e.g., London Stock Exchange's acquisition of Acadia) Cross-border innovation consortia (e.g., Euronext's, Nasdaq's, SIX Group's and Deutsche Börse's (amongst others) collaboration to establish real-time consolidated and standardised source of EU equities market data tape) Europe's financial tectonic plates reach for their cheque books to support digitalisation Market participants get behind "new age" financial market infrastructure (e.g., Bank of America's equity investment in OpenFin and BNP Paribas's equity investment in FIA Tech) Key drivers/challenges Investment management software solutions (e.g., Deutsche Börse's acquisition of SimCorp) Enhanced trading technology (e.g., Tradeweb Market's acquisition of Yieldbroker) Digital access to private markets (e.g., Euroclear's acquisition of Goji) Europe's trading venues opt for the 'try before you buy' model: For international expansion (e.g., Nasdaq's trading system partnership with Stock Exchange of Thailand) For selecting tech partners (e.g., London Stock Exchange Group's data analytics distribution partnership with OpenFin, account verification partnership with Mastercard and institutional-grade digital asset derivatives partnership with GFO-X) Cashing-out of liquid FMI stakes by: Financial sponsors (e.g., Blackstone's, CPPIB's, GIC's and Thomson Reuters' disposal of 5.1% of London Stock Exchange and PIF's disposal of 10% of Saudi Tadawul) Trading venues themselves (e.g., Australian Securities Exchange's disposal of 43% of Yieldbroker) Push beyond 'pure play' trading into data, analytics and technology services: Building vertically integrated platforms Increasing share of non-trading revenue and decreasing earnings volatility Trends to watch Cautious approach to integration of new technology (e.g., SIX Swiss Exchange's worst trading outage for >10 years in June 2023 and Depository Trust & Clearing Corporation's suspension of Investor Kinetics data service) Increasing regulatory scrutiny of market outages (e.g., ESMA's May 2023 recommendations for trading venues and UK FCA's taskforce to manage outages) Our M&A forecast M&A to achieve scale remains moderately high, notwithstanding dearth of IPOs in the wake of the Russia/Ukraine confict and Silicon Valley Bank/Credit Suisse rescues. Trading venues to deploy an orchestra of acquisition and partnership strategies. Other financial services—Publicly reported deals & situations FMI international expansion LCH Group Holdings (Clearing): Acquisition of 11.1% of LCH (June 2023) European Energy Exchange (Commodities clearing): Acquisition of Nasdaq Clearing Sweden's and Nasdaq Oslo's commodities exchange and clearing businesses (June 2023) Compagnie Financière Tradition (Credit trading): Acquisition of MTS Markets International (December 2022) Partnerships: Nasdaq (Stock exchange): Trading system, market data distribution and market surveillance JV with Stock Exchange of Thailand (May 2023) Saudi Tadawul Group (Cross-listing): Fintech, ESG and cross-listings JV with Hong Kong Exchanges and Clearing (February 2023) FMI vertical integration FMI digital expansion Acquisitions: London Stock Exchange /LCH Group (Equities clearing): Acquisition of Euronext's 11.1% stake in LCH France (June 2023) Nasdaq (RegTech): Acquisition of Adenza (June 2023) Deutsche Börse (Investment management software solutions): Acquisition of SimCorp (April 2023) Tradeweb Markets (Trading platform): Acquisition of Yieldbroker (April 2023 Euroclear (Private fund digital platform): Acquisition of Goji (December 2022) London Stock Exchange (Risk management): Acquisition of Acadia (December 2022) Warsaw Stock Exchange (Stock exchange): Acquisition of 65.03% of Armenia Securities Exchange (December 2022) Partnerships: FIA Tech (Data analytics): Capital markets data query JV with Symphony (May 2023) London Stock Exchange (Data analytics distribution): LSEG Workspace platform JV with OpenFin (May 2023) Zodia Custody and LMAX Digital (Digital assets): Trading infrastructure and custody services JV with CoinShares (May 2023) MarketAxess (Data analytics): Fixed-income consolidated tape JV with Bloomberg and Tradeweb (May 2023) MarketAxess (Data analytics): 'Investortools Dealer Network' JV with Investortools (May 2023) Euroclear (Digital ID verification): Digital ID verification JV with Tradeweb and Informa Global Markets (April 2023) LCH (Digital asset trading venue): Launch of centrally cleared trading venue for institutional-grade digital asset derivatives, in partnership with GFO-X (April 2023) London Stock Exchange/Giact (RegTech): Account verification JV with Mastercard (March 2023) Deutsche Börse (Digital marketplace): Digital private market infrastructure and market data JV with Forge Global (September 2022) Innovation consortia Hong Kong Exchanges and Clearing Market: Expansion of Shanghai-Hong Kong Stock Connect programme to exchange-traded funds (June 2022) Goldman Sachs, Cboe and Digital Asset: 'Canton Network' joint development programme (May 2023) Euronext, Nasdaq, SIX Group, Deutsche Börse and ten other European exchanges: Collaboration to establish real-time consolidated and standardised source of EU equities market data tape (February 2023) Growth of 'new age' FMI Deal highlight: White & Case advised Mubadala on its minority equity investment in AirCarbon Exchange, a global carbon exchange that uses DLT architecture to create securitised carbon credits. FIA Tech (Data analytics): Successful US$25.4 million funding round led by BNP Paribas (June 2023) OpenFin (Automation): Successful US$35 million Series D funding round led by Bank of America (May 2023) AirCarbon Exchange (Carbon credit trading): 20% equity investment from Mubadala (November 2022) Offloading of ‘liquid' FMI stakes European IPOs fall to lowest level since 2009. Just 34 companies were publicly listed in Europe in H1 2023, the lowest number since 2009. Financial Times (August 2023) Financial sponsors: Blackstone, Canada Pension Plan Investment Board, GIC Special Investments and Thomson Reuters (Stock exchange): Disposal of 5.1% of London Stock Exchange (March 2023) Sovcombank (Stock exchange): Disposal of stake in SPB Exchange (November 2022) Saudi Public Investment Fund (Stock exchange): Disposal of 10% of Saudi Tadawul (November 2022) FMI businesses: Australian Securities Exchange (Brokerage): Disposal of 43% of Yieldbroker (April 2023) Private equity dips a toe in 7RIDGE (Financial benchmark): Acquisition of American Financial Exchange /AMERIBOR (April 2023) Organic growth Euronext: Migration of Borsa Italiana's equities and ETF businesses to Optiq (April 2023) Regulator scrutiny European Securities and Markets Authority: Publication of recommendations for trading venues in the event of a market outage (May 2023) UK Financial Conduct Authority: Establishment of taskforce on 'good practices' in relation to conduct during an outage (May 2023)
OpenFin Frequently Asked Questions (FAQ)
When was OpenFin founded?
OpenFin was founded in 2010.
Where is OpenFin's headquarters?
OpenFin's headquarters is located at 80 Broad, New York.
What is OpenFin's latest funding round?
OpenFin's latest funding round is Series D.
How much did OpenFin raise?
OpenFin raised a total of $91.63M.
Who are the investors of OpenFin?
Investors of OpenFin include Bain Capital Ventures, Pivot Investment Partners, Nyca Partners, Wells Fargo Strategic Capital, SC Ventures and 18 more.
Who are OpenFin's competitors?
Competitors of OpenFin include Railsr, Cobase, Fabrick, Connectifi, Cosaic and 7 more.
What products does OpenFin offer?
OpenFin's products include OpenFin OS and 2 more.
Who are OpenFin's customers?
Customers of OpenFin include Broadridge, Barclays, RBC and IPC.
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