AFTAs 2022: Most innovative third-party technology vendor (infrastructure)—OpenFin

Overview

OpenFin’s OS was designed to resolve operational challenges through system connectivity and supports the move toward hybrid working arrangements. With respect to what innovation means for OpenFin, it entails its customers―major banks and more than 50 fintechs―developing and deploying applications across global financial desktops and firms on a daily basis.

Innovation

OpenFin’s Workspace allows business users to consolidate and automate their work across applications and tasks using a single interface designed to increase productivity. Workspace eliminates the need for costly development as it standardizes workspaces across the industry. Firms of all sizes now have access to a solution that creates a unified experience and enables third-party applications to integrate into their customers’ internal environments.

Examples

• OpenFin combined a wholesale reimagination of the financial desktop with easy deployment, security and interoperability.
• The firm focused on identifying and addressing customer pain points, which meant that design research took prominence in the initial stages.
• OpenFin’s Notification Center for the financial desktop is designed to guide capital market professionals through features that enhance productivity and ease workflows.

Future developments

An area of interest for OpenFin and its customers is mobile. Clients want to be able to develop interoperable content that can be used across the OpenFin desktop, a tablet environment or mobile phone, as well as release notification APIs to mobile devices to further enable workflows.

Why they won

OpenFin wins yet another WatersTechnlogy award, this time in the most innovative third-party technology vendor (infrastructure) category in this year’s AFTAs, thanks to its Workspace project. The key to Workspace is its single interface across applications and tasks delivering a unified experience for its users. The fact that it also allows users to integrate third-party applications into their internal environments makes the platform that much more practical and appealing, while also creating a richer, more streamlined overall experience.