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Ohpen acquires mortgage fintech Davinci

Dutch fintech Ohpen has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.

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Ohpen acquires mortgage fintech Davinci

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The acquisition extends Ohpen's core banking product range into the mortgage market, complementing its existing range of plug-and-play products for savings, investments, loans and current accounts.

Davinci deploys machine learning and AI to process and approve mortgage loans.

The combined company will have a headcount of 350 and $35 million revenue

Matthijs Aler, CEO at Ohpen, comments: “ We are a growing company with huge ambitions. Together, we intend to lead the charge in directly challenging incumbent providers with outdated technology.”

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