OpenFin currently has more than 1,500 clients across banks, hedge funds and asset managers.
The investment will help OpenFin develop an offering for the back offices that, though less visible than traders and portfolio managers, serve critical functions for banks, especially as the coronavirus pandemic has led to a massive surge in employees working from home. "That's one of the things that was really eye opening for us at Standard Chartered Bank. They're really focused on this kind of innovation that certainly includes improving the experience for front-office employees, but also more broadly includes improving employee experience across all areas of the bank," said Dar.
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