OpenFin Strengthens Board with Addition of Tech Specialist Paul Walker

OpenFin has appointed a new member to its board of directors - former Goldman Sachs executive Paul Walker. Following the addition of Mr. Walker, the startup Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term will boast a seven-person strong board, staffed entirely by leading thought leaders from around the financial services industry.

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Mr. Walker will step into his new role as an Independent Director on OpenFin’s board with immediate effect. He joins six other leading industry leaders: Samuel Cole, former COO of BlueMountain Capital; Matt Harris of Bain Capital Ventures; Dinkar Jetley, Pivot Investment Partners; Dirk Manelski, J.P. Morgan; Michael McFadgen, Euclid Opportunities; and Thomas Miglis, Nyca Partners.

His mandate will be to provide guidance and insight to the group, which has honed its focus on technology and developments in the capital markets industry. As a former Co-Head of Technology at Goldman Sachs, he will represent a crucial element on OpenFin’s board. His appointment comes during an important juncture for OpenFin, which is not only coming off a recent funding round, but also embarking on several projects, including the sourcing of its core technology, among other developments.

Mr. Walker joins OpenFin from Goldman Sachs, having worked at the lender for over sixteen years, dating back to 2001. During his time with the group he held multiple senior roles, including most recently as its co-head of its technology unit. His tenure also focused on developments in Goldman’s risk, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, clearing and systems architecture capabilities.

Mazy Dar, Chief Executive Officer of OpenFin, commented on the hire: “Paul’s experience at Goldman building risk systems and co-heading the firm’s 9000 person technology organization gives him a unique perspective on how our customers will benefit from the OpenFin platform. His depth of experience in the details of application development and analytics and his advocacy for open source software will help make our product more robust, secure, and innovative.”

“Open, mutually agreed-upon standards for the secure and robust delivery of applications are critical for the financial services industry, and OpenFin and is well positioned to be the leader in the space. Theirs is an ambitious goal, and I look forward to helping deliver an open industry -wide platform that effects real change and helps define a new standard of security and efficiency,” Mr. Walker said.