OpenFin, a provider of HTML5 runtime technology for the financial industry, today announced that it has provided Money.Net, an NY-based financial data technology company, and data vendor, with its technology to help the company deploy and deliver its application within an enhanced desktop user experience.
Building on OpenFin will enable Money.Net application to run in a high performance, multi-window, desktop environment, while “ensuring interoperability between applications and into existing workflows.”
Money.net was founded by Morgan Downey, a former Bloomberg employee and rising star in the financial services industry. The group currently is spearheading the development of a new AI news service, has to date constituted a large amount of time, resources, historical data, and human input.
Set up in 2010, OpenFin has grown to serve the world’s largest banks and trading platforms including BNP Paribas, Citigroup, HSBC, ICAP, JP Morgan and RBS, which now use OpenFin to deploy applications both in-house and to over 400 financial firms.
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Earlier this year, OpenFin announced the launch of OpenFin Community Edition, offering developers free access to its operating layer for financial desktop web apps. In addition, OpenFin has open-sourced its core technology, in a project called Hadouken.
OpenFin allows banks, brokers, asset managers and hedge funds to unify a fractured ecosystem of financial applications to build their own unique desktop environment, selecting the best applications necessary for each end user’s workflow.
Commenting on the partnership, OpenFin’s CEO Mazy Dar said: “We’re thrilled to welcome Money.Net as a partner on OpenFin. We are now present on more than 145,000 financial desktops globally and we constantly look to our partners to improve the collaboration experience with relevant, high-quality content.”
Morgan Downey, CEO of Money.Net, added: “Joining the OpenFin ecosystem affords us an opportunity to sell content directly to customers on the OpenFin platform, an entirely new channel to deliver and monetize innovations to some of the world’s largest companies. By presenting Money.Net content through a secure and compliant platform, we’re becoming part of the workflow for the modern worker.”