Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Mazy Dar, OpenFin

29643

genesis partners with OpenFin

RELATED TOPICS​

Capital markets software firm genesis and OpenFin are partnering to provide clients with scalable and interoperable technology and desktop solutions, built and deployed at great speed.  

The partnership aims to help drive front to back office digital transformation projects across capital markets – from the server to the desktop – bringing together genesis’ ability for agile software development and OpenFin’s application interoperability across financial desktops.
 
genesis provides a micro-services technology framework designed specifically for the world of capital markets, to address the digitisation challenges participants face as they look to meet the growing demand for smarter, end-to-end workflows and real-time insights. The framework enables fast and agile software development by breaking down the problem into small components of functionality, while ensuring the data used is consistent in real-time. This is in stark contrast to legacy systems that require whole platforms to be re-engineered.
 
OpenFin is quickly becoming the de facto operating system (OS) for capital markets, used by banks, asset managers, hedge funds and brokers globally to power their digital transformation strategies by securely deploying interoperable financial applications directly onto permissioned desktops. Licensed to more than 175,000 desktops, the OpenFin OS is now being used to deploy more than 1,000 applications to more than 1500 major banks and buy-side firms, across 60-plus countries.
 
By partnering with OpenFin, genesis can build and deploy their own suite of products and solutions as desktop applications directly onto OpenFin’s OS, using their proprietary Creative Studio tool which eliminates the need to write additional code. Clients benefit from the enhanced interoperability and connectivity provided by the OpenFin OS, as it allows  genesis’ solutions to share information, context and intent with other best-in-class applications on the end-user’s desktop. At the same time, the Creative Studio tool can help potential OpenFin users reduce the time required to build Proof of Concepts (POCs) to hours and days, rather than weeks and months, accelerating application deployment and time to market.
 
genesis has already successfully implemented a solution for clients supporting treasury, broker dealer and wealth management requirements on the OpenFin OS. This solution has been deployed at one of the largest investment firms in Latin America and was created as an application on the OpenFin OS in minutes, using genesis’s Creative Studio tool, without the need for technical resource or coding.
 
Stephen Murphy, Chief Executive Officer of genesis, says: “We are very excited to partner with OpenFin. The powerful combination of genesis’ micro-services framework and OpenFin’s OS allows us to provide highly scalable solutions on both the server and desktop. This gives our clients an alternative to legacy in-house or vendor technologies with cutting edge technology that is open and interoperable. We share a goal with OpenFin, to improve the way financial markets develop, implement and maintain their solutions whether they are a client’s in-house or vendor solution.”
 
Mazy Dar (pictured), Global CEO and Co-Founder of OpenFin, says: “We’re delighted to partner with genesis, because we offer very complementary solutions and together we can really help drive the digital transformation agenda across capital markets. We started OpenFin because we wanted to make it quicker and easier for end-users to securely access the latest desktop applications. This collaboration will make this process even more agile, enabling our users to build applications or POCs at an expedited rate.”

Latest News

Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..
Discretionary fund manager ebi Portfolios, and asset manager Amundi have launched the SRI portfolio range,..

Related Articles

n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
David Vieira, JTC Group
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately for responsible investors...
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by