Ohpen sesame says UK’s Financial Conduct Authority
Angelique Schouten, Ohpen UK’s CEO
Amsterdam-based banking software vendor Ohpen has gained approval from the UK’s Financial Conduct Authority (FCA) to carry out its regulated activities under its new British company, Ohpen Operations UK.
Angelique Schouten, Ohpen UK’s CEO, says the approval means it can “deliver an alternative for financial services companies to digitalise and outsource their entire investments and savings accounts operations”.
Ohpen offers incumbent firms and new market entrants with a “bank-out-of-the-box” solution to fully outsource their operations.
Founded in 2009, Ohpen says it currently services five of the largest financial services firms in the Netherlands – Robeco – “administrating billions of assets under administration”.
The move to the UK marks the company’s first overseas operation as part of its international expansion strategy.
Ohpen established its UK office close to the “Silicon Roundabout” (located on the boundary of the London boroughs of Hackney and Islington – and home to a lot of tech firms) in 2016, with plans to expand the local team over the next two years.
The bulk of the Ohpen team comes from independent Dutch broker BinckBank. The company gained private equity and set out to build its system in early 2010.
