Core banking provider Ohpen and international software and services provider Virtual Affairs announce a jointly developed out-of-the-box bank and wealth manager.
Ohpen’s core banking platform is connected to Virtual Affairs’ mobile banking solution, creating a one-stop-shop for financial services providers that want to launch a new investment proposition for retail customers.
The partnership enables banks, insurers and asset managers to reduce their time to market by approximately 6 months. They don’t need to worry about complex implementations and integrations. By using the end-to-end solution created by Ohpen and Virtual Affairs, financial services providers can focus time and money on where it matters: servicing their customers and delivering new products.
“Financial services providers now have the opportunity to launch a fully compliant, reliable and adaptable retail investment proposition within months or even weeks. The solution can be tailored with unique branding, proposition and product characteristics, while a standard set of third-party integrations connects it to the outside world. It’s as simple as that,” said Angelique Schouten, executive board member at Ohpen. “Integrating Virtual Affairs’ mobile app and the Ohpen Platform creates a true out-of-the-box solution for any execution only, advice or discretionary wealth management proposition and speeds up delivery times by half a year.”
“We chose to invest in this integration to provide banks, insurers and asset managers with a shorter time to market and a seamless experience for their customers”, Robin Peters, Managing Partner of Virtual Affairs states. “We focus on a mobile first approach for now, but we can easily expand our interface to include service specific web requirements. We can now better serve both our current and new clients, by offering an end-to-end solution rather than front-end only.”
The wealth manager-out-of-the-box will be available in the United Kingdom and the Netherlands.