What’s new at Opensee?
Opensee’s newsletter!
The last few months have been rich in accomplishments for Opensee!
As you may have noticed, we have completed our €11 Million Series A funding round. It will support Opensee‘s product roadmap with the development of advanced AI analytics and enable us to expand our international footprint while growing our client base.
In addition to attending leading industry events, such as RiskMinds, we’ve been the proud winner of the “FRTB Product of the year” by Risk.net. What an honour to be recognised by the industry leaders for our innovative approach to help financial institutions meet their FRTB requirements, having an exhaustive understanding of their business and regulatory framework.
Don’t wait! And discover more exciting news and updates of our company below!
Stéphane Rio, CEO & Founder of Opensee
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What’s new?
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| Opensee wins “FRTB product of the year” award |
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| Opensee raised €11 Million in Series A |
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If you didn’t meet us at RiskMinds International…
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Discover the key takeaways of our panel discussion with Xavier Lofficial, Deputy CFO at Societe Generale |
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‘Data Analytics driven’ risk management: listen to our insights about the critical topics of the industry |
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What about our product…
Discover our new product overview videos, focusing on the calculation and analysis of key metrics, such as FRTB SA (Standardised Approach) and liquidity ratios (LCR, NSFR, PRA110…).
You will find out how Opensee can provide you with a wide set of features to manage your market and liquidity risks more efficiently and meet financial and regulatory obligations.
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Watch the demo |
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Watch the demo |
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Our latest blogs, press releases and interviews
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The FRTB has implications for the Default Risk Charge (DRC) and Opensee can assist in choosing the best approach for its calculation. |
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We’re happy to take another step towards our global growth strategy to keep building a strong presence globally and especially in the US market. |
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What’s coming up?
17th-19th April 2023
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TradeTech Europe: meet us at booth 27!
Where? Palais des Congrès, Paris, France
Kepler Cheuvreux Selects Opensee’s Trade Management and Execution Analytics Solution
Paris, 23rd February 2023 – Kepler Cheuvreux, the leading independent European financial services company, is the first financial institution to adopt Opensee’s cloud service for trade management and execution analytics. Kepler Cheuvreux, through its Execution activity KCX, will deploy the solution developed and tailored to its needs by Opensee, the leading platform providing financial institutions with multi-dimensional, real-time access to their data.
The solution enables users to conduct unlimited independent analysis of all their internal and third-party trading data, with tools to identify the drivers of performance and how to achieve optimal trade execution at lower costs. Kepler Cheuvreux intends to offer the service to its clients after an initial phase of internal use.
Chris McConville, Global Head of Execution Services & Trading at Kepler Cheuvreux, said: “KCX is constantly on the hunt for technology that delivers a competitive edge. We were among the first to identify the massive potential Opensee’s platform offered in taking trade analytics to the next level. Our clients will gain fast, actionable intelligence without relying on us to intermediate. This solution brings full transparency, adds value to our service and allows us to forge better client relationships.”
The technology partnership on trade analytics confirms Opensee’s product roadmap, outlined in December, as the company branches out from implementing its solutions on-premise or on clients’ Private Clouds by offering a full SaaS deployment for a large variety of use cases. The strategy is to give banks, asset managers, hedge funds and brokers access to data at scale with embedded analytics for use cases including market and credit risks, liquidity management, trading analytics, and ESG.
Stephane Rio, Founder and CEO of Opensee, said: “Our long-standing cooperation with Kepler Cheuvreux is an important step in enabling all financial institutions to manage their trading data stack challenges as their volumes of data grow exponentially. We want to provide high performance tools that allow users to source valuable business intelligence for more informed decision-making, to identify opportunities for a competitive advantage or to respond better to client needs.”
While many financial institutions are constrained by legacy data architecture, Opensee’s platform gives users the ability to explore 100% of their data at the push of a button, without limiting the size, history or granular detail. For legacy systems this can typically take at least a day and users are obliged to compromise on the dimensions of the data they require.
The Opensee platform’s sophisticated calculators and embedded analytics complement full data access, enabling Front Office, Risk and Finance managers to manipulate the harnessed data for intelligence in a variety of use cases. Tier 1 banks currently use the Opensee platform for analysis and the production chain of regulatory reporting in capital markets, liquidity and capital reporting by finance departments. Asset managers, hedge funds and brokers use it for analysing and enhancing trade execution.
Anvar Karimson, Kepler Cheuvreux’s Chief Technology Officer, said: “Through our partnership with Opensee, we have developed a tailored solution that meets the needs of KCX and our clients, delivering granular visibility into trade performance with real-time actionable insights. Opensee and KCX are fully committed to continuously improving the performance of our Execution Analytics solution, ensuring that we meet the high expectations of our clients and providing them with the insights they need in a continuously evolving market landscape.”
ENDS
MEDIA CONTACT
Simon Packard – Streets Consulting
Email: [email protected]
Notes to the Editor:
About Kepler Cheuvreux
Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution (KCX), Fixed Income & Credit, Structured Solutions, Corporate Finance and Asset Management. The group employs around 600 people and is present in 13 major financial centres in Europe and the US: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna, and Zurich. For more information, please visit the corporate website https://www.keplercheuvreux.com/en/about-us/
About Opensee
Opensee democratises multidimensional Data Analytics for Financial Institutions allowing financial institutions to leverage 100% of the risk, liquidity, trading, market and ESG data in their core banking functions. Opensee offers the only platform providing risk managers and front office users a single solution for enhanced data analysis, empowering them to explore real time unlimited amounts of data down to the most granular level. Opensee enables institutions to lower their infrastructure costs, to gain competitive advantage and to unlock vital business-user-led opportunities. For more information, please visit our website www.opensee.io or follow us on LinkedIn and Twitter
Opensee wins “FRTB product of the year” award
We are proud to announce that Opensee has been recognised as the “FRTB Product of the Year” at the Risk Markets Technology Awards 2023.
We are thrilled to be acknowledged as an industry leader for our innovative approach to help financial institutions meet the regulatory requirements of the Fundamental Review of the Trading Book. The recognition of our outstanding solution is a testament to the hard work and dedication of our team.
As a certified ISDA FRTB SA calculator and IMA framework, Opensee is committed to providing the best products and services to our customers. Users can use a full range of features to extract, explore, calculate, simulate, analyse and visualise the results in real time level without size limitation.
“We are truly honoured to be recognised by our clients and the prestigious jury as FRTB Product of the Year, which highlights our expertise and the innovation of our FRTB solution. The timing cannot be better as the approaching effective data is incentivising banks not only to calculate but also to analyse the results both historically and granularly. Our clients can use their data model with no constraints whilst leveraging our ISDA approved FRTB calculations and configure it or create their own extra metrics.
Thanks to Risk.net for this reward, which recognises the team’s commitment to providing the best products and services in response to our clients’ needs and surpass their expectations through innovative solutions.”, Stéphane Rio, CEO & Founder of Opensee
Check out the full announcement here.
Interested in our FRTB solution?
Don’t wait to have a look at our product overview here focusing on how we can help you calculate your FRTB SA, as ISDA certified provider.
Opensee Raises EUR11 Million in Series A to Democratise Real-Time Data Analytics for Financial Institutions
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Opensee’s platform gives Risk, Finance and Front Office users intuitive access to 100% of their data with advanced analytics embedded to improve decision making and regulatory reporting
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Opensee to expand in North America and SE Asia; broaden the range of data intensive use cases powered by AI analytics
Paris, 15th December, 2022 — Opensee, the leading platform allowing business users at financial institutions to analyse the most granular data in real time, has raised 11 million euros in a Series A funding round led by Omnes Capital, with the participation of Laurion Capital and Societe Generale Ventures.
Today, financial institutions are storing unprecedented volumes of data as new regulations have introduced reporting that has multiplied the underlying data requirements 10-fold or more. Legacy data architecture at most institutions is unable to support real-time analytics or allow business units to realise the full potential from the data they store.
Opensee addresses the data stack challenge facing financial institutions through a single, scalable platform able to absorb the exponential growth in collected data and make 100% of the data accessible in real time, to the most granular level and with no limit on the size of the data set.
The platform allows business users to manipulate data for simple or complex calculations with embedded analytics for a wide range of use cases, ranging from risk management and regulatory reporting, to trading decisions and ESG analysis. It removes the need for additional computing tools and significantly reduces operational risk. Low code analytics enable Front Office, Risk and Finance managers to harness data for more informed decision-making, to identify opportunities to gain a competitive advantage or to respond better to client needs.
Tier 1 banks currently use the Opensee platform for analysis and the production chain of regulatory reporting in capital markets, liquidity and capital reporting by finance departments. Asset managers, hedge funds and brokers use it for analysing and enhancing trade execution. To democratise access to data at scale, Opensee has gone live in offering a public Cloud hosted platform with turnkey solutions, building on the initial deployment of its platform on-premise or on clients’ Private Clouds.
The Series A funding will support Opensee’s innovative product roadmap, the development of advanced AI analytics to support automated data quality controls and certification as well as multiple turnkey solutions delivered as a fully managed Cloud SaaS. Opensee will also add to its 70+ team of experts in data and financial markets while expanding its international footprint in North America and SE Asia to drive sales and implement a follow the sun support network for its clients.
Stephane Rio, Founder and CEO of Opensee, said: “Our goal is to enable more financial institutions to leverage the valuable business and risk intelligence hidden within their data. We are making our platform and solutions more widely available through our new fully managed Cloud SaaS offering. This funding round has brought us a complementary group of international investors which shares our vision and whose support will be invaluable in the next stage in our growth journey.”
François-Xavier Dedde, Director at Omnes Capital’s Venture team, who will be joining Opensee’s Board, said: “With outdated data stacks and increased regulatory pressures, financial institutions have a hard time coping with an ever-increasing mix of cost and complexity. Opensee’s solutions are a clear answer to these challenges.”
Emmanuel Naim from Laurion Capital Management, another new member of Opensee’s Board, said: “Recent market conditions have highlighted how the understanding of any metric is more important than the calculation itself. We’re delighted to be supporting the company in its development and US expansion.”
Didier Lallemand, Managing Director of Societe Generale Ventures, said: “The technology, expertise and client-facing approach that Opensee offers combined with the feedback of our internal stakeholders after the implementation of the cutting-edge solution, give us great confidence to support the company in its growth trajectory.”
ENDS
MEDIA CONTACT
Simon Packard – Streets Consulting
Email: [email protected]
Notes to the Editor:
About Opensee
Opensee democratises multidimensional Data Analytics for Financial Institutions allowing financial institutions to leverage 100% of the risk, liquidity, trading, market and ESG data in their core banking functions. Opensee offers the only platform providing risk managers and front office users a single solution for enhanced data analysis, empowering them to explore real time unlimited amounts of data down to the most granular level. Opensee enables institutions to lower their infrastructure costs, to gain competitive advantage and to unlock vital business-user-led opportunities. For more information please visit our website www.opensee.io or follow us on LinkedIn and Twitter
About Omnes Capital
Omnes is a leading private equity and infrastructure investor. With over €5 billions in assets under
management, it provides companies with the capital they need to fund their growth, in three key areas: venture capital, growth & buyout capital and infrastructure. Omnes is wholly-owned by its employees. It is committed to ESG issues and has founded the Fondation Omnes to fund initiatives in favour of children and young people. It is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, please visit www.omnescapital.com
About Laurion Capital
Laurion Capital Management LP is an investment firm based in New York City with over 60 employees. Since its formation in 2005, Laurion has been an active participant in many of the global capital markets on behalf of a variety of investor types, including institutions, pensions, endowments and foundations, and fund of funds. Laurion employs a global multi-disciplinary approach that focuses on a wide range of strategies that typically seek to analyze common sense structural and behavioral inefficiencies in the markets then employ discretionary and quantitative trading strategies to capture these opportunities. For more information, please visit https://www.laurioncap.com/
About Societe Generale Ventures
We are the Societe Generale Group’s Corporate Venture Capital (CVC) arm dedicated to innovation. We invest in startups and fintechs ranging from early stage to growth that provide new products, innovative technologies or disruptive business models. We look to find strategic synergies between startups and the Group’s 25 business and service units across 61 countries to better serve our 30 million clients worldwide. We build long-term partnerships with our startups by giving them preferential access to our experts and international network. For more information, visit our website https://www.ventures.societegenerale.com/en/
What’s new at Opensee?
Opensee’s newsletter!
This quarter has seen a strong performance from Opensee as we continue to grow our customer base, the number of use cases, enhance the platform’s functionalities and expand the team to support our clients.
At Opensee, the summer was a time of transition as we successfully relocated to new offices in Paris. Since our people are key, we are very focused providing a fantastic work place where colleagues can thrive and succeed. We chose a larger workspace better suited to delivering excellent work, with space to interact, share ideas and learn, and to appreciate our corporate community as our headcount grows significantly.
We are pleased to have taken part in some major global industry events. I attended the Singapore Fintech Festival earlier this month as part of the BPI French Fintech Delegation. It reinforced Opensee’s presence in the region, following our recent opening of new offices in Singapore. And this week I joined colleagues traveling to Barcelona for the RiskMinds International conference.
I am really looking forward to the next few months, which look very promising for Opensee.
Stéphane Rio, CEO & Founder of Opensee
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What’s new?
| Ready to dive in?
Click here and let’s deep dive into Opensee’s world of data, improve your visibility and navigate confidently.
| Why is Opensee the “Best Risk Data Aggregation Initiative”?
Listen to Stéphane Rio, CEO & Founder of Opensee, discuss winning the award and explain why Opensee differentiates itself from other risk data management solutions.
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You might have heard about us through…
Risk data journey: from challenges to opportunities
Discover what are the challenges to tackle throughout this journey and how technology can alleviate them.
The Click Button Journey of Big Data
Can harnessing unlimited amounts of data be as simple as clicking a button?
Yes, and Opensee can help you do so.
“How am I going to be more intelligent with all this data?”
That’s the question banks, asset managers and hedge funds ask us after they have invested a lot in storing their information.
Discover the answer we give them here.
Stéphane Rio was on air with Solenne Niedercorn-Desouches
What a great opportunity for our CEO & Founder to share Opensee’s story, from our background as Capital Markets experts to our rethinking of risk data management and analytics.
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…Or seen us at…
Fintech R:Evolution: the reference event in the French Fintech ecosystem
On October 20th, our team attended this year’s edition of Fintech R:Evolution in Paris, focusing on its trends and developments.
Singapore Fintech Festival was back, and so was Opensee!
We were proud to be a member of the Bpifrance delegation attending the largest Fintech event, in Singapore, alongside eight other French Fintechs. Read more.
10km Paris Centre: “Run, Opensee! Run!”
Congratulations to our sporty team who once again took Opensee out of the office in support of an important cause: social inclusion through sports.
