Ohpen stays young at heart with new API Portal
Amsterdam-based banking software vendor Ohpen has unveiled its Ohpen API Portal (OAP) in beta mode.
While the name OAP may conjure up the image of old age pensioners, the vendor wants to bring something new and lively to the fintech space.
In its view, IT and re-platforming projects in financial services have a “reputation of running over time and budget”.
Ohpen says OAP allows banks, insurance companies, and asset managers to assemble the products and services they would like to use, generate code and apply it in their online or mobile banking sites.
It reckons this reduces time to market of API integration by up to 40% for new features and functionalities – or for even launching a whole new bank.
Erik Drijkoningen, Ohpen’s director of product development, says: “Time to market of new releases, adding extra functionalities, or deploying a whole new investment or savings bank can now be done much faster and better improving reliability – all to the benefit of the retail customer.”
Ohpen currently has over 300 API calls which it says can create a full savings or investment bank. The portal features a development console and a sandbox that simulates the client’s technical landscape where these operations can be built, tried, and tested. These operations can be integrated in any application and website.
The portal and the firm’s platform, “both being cloud-native”, are real-time synced. New features and releases in the platform are “immediately available” to software developers who use the portal.
In other news this month, Ohpen stayed open when asked about wealthtech woes in the UK. In that exclusive report, it responded quickly and said it had made 19 staff redundant at its UK office due to the lack of action in the asset management space.
Ohpen’s Dutch operations appear to be unaffected by these UK job losses. As reported in an exclusive in July, LeasePlan Bank, the online savings bank based in the Netherlands, chose it to upgrade its whole core cloud banking engine.