OpenFin, the capital market’s operating system (OS), today announced that KRM22, the technology and software investment company, with a particular focus on risk management in capital markets, has become the first compliance vendor to deploy on OpenFin’s OS.
The collaboration enables seamless interoperability between Irisium, KRM22’s market surveillance application, and other applications deployed on OpenFin’s OS giving end-users an integrated desktop, improved workflows and an enhanced user experience to manage their market surveillance obligations.
Irisium provides contextual and insightful analytics tools to help financial services firms identify and manage potential risks including market abuse, fraud and operational issues. In building their market surveillance service on OpenFin, KRM22 can provide clients with a more efficient set-up process and the continuous delivery of service enhancements to end-users. This removes the need to develop an operational layer and the associated technology overheads.
As interoperability is standard for all applications built on OpenFin OS, Irisium will be able to easily share and receive information from other independent and permissioned desktop apps. This will enable trade, communication and behavioural data to be incorporated, so firms can more effectively manage the risk of manipulation across markets, functions and asset classes.
Saeed Patel, Director of Product Strategy, KRM22, said: “Making Irisium available through the OpenFin framework will allow us to efficiently deliver continuous service enhancements to end users without large overheads. Our customers including banks, brokers and asset managers, will benefit from the enhanced user experience with the strong security they require.”
Adam Toms, CEO, OpenFin Europe added: “We are delighted to welcome KRM22 as the first compliance vendor to join our growing ecosystem as we look to expand our industry collaborations in the governance, risk and compliance space over the coming months. KRM22 will be able to seamlessly deploy their Irisium application with an engaging user experience and ability to create new workflows driving new levels of productivity for compliance officers.”