Today, Ohpen and Yellowtail announce they have entered-into a long-term strategic partnership.
Banks and financial providers across the Netherlands and Benelux region can now utilize Ohpen's modern digital retail banking platform combined with Yellowtail's smart data-driven front-end platform to give their customers innovative and personalized banking experiences.
The collaboration spans across core financial products like mortgage, loans, savings, investments, and is already proving successful in the pension market for several large clients. For these pension clients, Yellowtail offers smart data-driven pension portals where participants get insights into their pension and personal financial situation, while Ohpen takes care of the unit administration and portfolio management processes. This combination provides pension companies with communication, unit administration and investment perspectives related to portfolio management and personalized and real-time insights in participants’ pension performance.
Ohpen acquired Davinci Group in September 2020 with the aim of strengthening its SaaS platform by adding a modern mortgage component to the platform and serving customers with all retail banking products. Davinci's consultancy and services organization was then resold by Ohpen to Yellowtail | Conclusion, which makes for a better strategic fit.
Matthijs Mons, Managing Director Yellowtail | Conclusion adds: "The collaboration with Ohpen fits perfectly into our growth strategy. Yellowtail likes to work with strong, winning brands like Ohpen. Both sides complement each other very well. Ohpen has a particularly good future-oriented SaaS platform for the financial sector, and we are very good at implementing complex, domain-specific software. Especially when there is innovation at play. We look forward to further shaping the market together with Ohpen."
Matthijs Aler, CEO of Ohpen provides further perspective: "Consumers demand financial transparency and better banking experiences making digital transformation projects crucial. To ensure both business- and consumer needs are exceeded, collaboration, deep domain knowledge and modern scalable technology are key. Yellowtail's proven track record, expertise and front-end technology perfectly complements Ohpen's platform technology and strategic vision.”