The UK’s Financial Conduct Authority (FCA) has allowed Ohpen to provide software and outsourcing services for asset managers, banks and insurance companies in the UK, from its new company, Ohpen Operations UK, which opened in London in 2016.
Ohpen’s ‘bank-out-of-the-box’ solution is designed to allow both incumbent and new financial services providers to outsource their IT, software and back-office operations digitally.
Angelique Schouten, Ohpen CEO for the UK, said: “The FCA authorisation allows us to deliver an alternative for financial services companies to digitalise and outsource their entire investments and savings accounts operations.”
Founded in Amsterdam in 2009, Ohpen now services five of the largest financial services firms in the Netherlands. Gaining authorisation in the UK marks the first step of the company’s international expansion strategy.
Schouten said: “I think it says a lot about Ohpen as a business, having gained its FCA authorisation within little over half a year of applying for it. We are poised to challenge the mostly inert core fintech and outsourcing market with a fresh, innovative, bold and colourful alternative.”