ING Ventures has strategically invested in OpenFin, an operating system (OS) for enterprise productivity enabling app distribution, workspace management and workflow automation.
This marks the seventh major financial institution to invest in OpenFin, previous investors include, among others, Barclays, CME Ventures and J.P. Morgan.
The capital from ING Ventures, the venture capital arm of ING responsible for making investments in companies with strategic relevance to the group, will be used to accelerate the expansion of OpenFin OS throughout the financial services industry.
OpenFin’s web-based OS software is becoming the standard in financial services for powering next-generation applications and digital experiences.
ING adopted OpenFin’s technology in 2021 to accelerate its desktop transformation strategy, enabling employees to access workspace management and automated workflows to increase productivity.
Commenting on the strategic investment, Frederic Hofmann, co-head of ING Ventures, says: “Our investment in OpenFin further validates our determination and commitment to digital transformation and innovation. We are excited to partner with OpenFin as they have proven to be the best-in-class app platform in this space, transforming distribution and significantly enhancing end-user productivity across the finance industry.”
Adam Toms, chief operating officer at OpenFin, adds: “We are delighted to have the backing of ING Ventures as we accelerate our expansion across financial services. ING’s focus on innovation and their footprint across the world makes them an ideal partner for OpenFin.”
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