Ohpen, the first fintech platform to bring a bank to the cloud, today announces its acquisition of cross-border loan and mortgages Software as a Service (SaaS) provider Davinci. The combination of these two growing companies will allow Ohpen to address the $300 billion global bank IT spending market as it targets international expansion.
 

Open banking fundamentally changes the landscape of the modern financial sector, stimulating all types of companies to release new services and making traditional banking products simpler, and more convenient, while removing additional costs. Open banking became a global trend that triggers a price-competitive response to innovations across the financial sector.