OpenFin Powers BNP Paribas’ FX Platform Cortex LIVE

OpenFin Powers BNP Paribas’ FX Platform Cortex LIVE
11.10.2019 08:08 am

OpenFin Powers BNP Paribas’ FX Platform Cortex LIVE

Banking , Financial

OpenFin, the operating system (OS) of finance, today announces that BNP Paribas has built and deployed their single dealer FX platform, Cortex LIVE, on OpenFin OS.

Cortex LIVE offers users more intelligent execution methods, greater transparency and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, data visualisation and the FX industry’s first real-time digital trading assistant, ALiX.

OpenFin’s ability to help clients deliver rich, modern native desktop applications that can be connected to other workflows, is fundamentally changing the industry, improving user experience and productivity while reducing associated technology costs.

As a result of building on OpenFin OS, Cortex LIVE can now be integrated with end client workflows and other complementary applications. Application interoperability is enabled by industry-wide adoption of OpenFin’s message bus and the FDC3 interoperability standard spearheaded by OpenFin. The company founded and subsequently contributed the FDC3 initiative to FINOS, the fintech open source foundation.

Chris Meehan, head of product management, eCommerce & digital at BNP Paribas, said: “The combination of Cortex LIVE and ALiX provides our clients with better execution capabilities as well as an unrivalled digital user experience. Leveraging OpenFin to develop and deploy our platform has been pivotal in upgrading our technology stack, solving multiple workflow problems and ensuring our platform is future-proof.”

Adam Toms, CEO of OpenFin Europe, said: “We have been collaborating with BNP Paribas for a number of years on internal smart desktop projects and are delighted they are now deploying this client-facing platform, Cortex LIVE, on OpenFin. Cortex LIVE is rich in data visualisation, workflow automation and client integration, which we believe are key components for next-generation applications.”

He added: “BNP Paribas is leading the way delivering higher transparency into the FX market. Working with OpenFin helps them achieve deeper integration with clients, broader application interoperability and seamless deployment of updates.”

Related News

ClearBank Becomes First Clearing Bank to Offer Multi-Currency Bank Accounts via API

ClearBank, the cloud-based clearing bank, has become the first clearing bank to offer multi-... Read more »

Paymentology and Thought Machine Collaborate to Create Digital Banking Platform

Paymentology, the UK cloud-native payment processor, is partnering with digital banking platform Thought Machine, to bring rapid integration... Read more »

Commerzbank Issues the Second Own Green Bond €500 Million Worth

Commerzbank AG has today very successfully issued another Green Bond with an issuance volume of €500 million. It is the Bank’s second own Green Bond after the... Read more »

FT Survey: 78% Say UK Banks Have “Surprised Themselves” With Their Adaptability During COVID-19

Appian (NASDAQ: APPN) today published survey results examining the response of the UK banking sector to the coronavirus pandemic, revealing that nearly three-... Read more »

Saudi Arabian Fintech Hakbah Joins Visa’s Fintech Fast Track Program

Hakbah, an alternative financial saving platform based in Riyadh, Saudi Arabia, today announced that it has joined Visa’s Fintech Fast Track... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel