Banking tech vendor Ohpen acquires FYNN Advice for implementation capabilities boost
Core banking tech vendor Ohpen has acquired a fellow Dutch fintech firm, FYNN Advice, which specialises in core banking software implementations.
FYNN Advice consultants will join Ohpen’s implementation department, “strengthening Ohpen’s international growth capacity”, the company says.
Pieter Aartsen and Rogier van Arkel, managing partners at FYNN Advice, will join the Ohpen board. Aartsen will be responsible for activities in the Dutch market, while van Arkel will become chief delivery officer.
Angelique Schouten, CEO of Ohpen UK, emphasises that FYNN Advice consultants have experience of working across Europe, including in the UK, and with many international banks. So this acquisition will bring value to the UK market, she feels.
“Ohpen was eager to partner with a proven implementation specialist that has experience in implementing straight-through processing (STP) and digitalisation core banking and investment solutions,” she states.
“As the digitalisation of financial services is more advanced in the Netherlands, we realised that the most appropriate implementation partner would be FYNN Advice at this stage.”
Ohpen’s founder and CEO, Chris Zadeh, adds that both companies know each other very well and “have the same DNA”.
Ohpen uses its core banking engine to deliver business process outsourcing (BPO) and Software-as-a-Service (SaaS) services to banks, asset and investment managers, insurance companies and other financial services providers.
The platform supports savings and investment functionalities.
Ohpen was founded in 2009 in the Netherlands. It has offices in the UK and Spain and employs 120+ people.