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4/10
Bitcoins & blockchains

OpenRisk

AI powered Smart Contract for Collateral Management
Rang 4 / 10 in Bitcoins & blockchains

Global regulations are fundamentally altering derivatives trading and risk management practices. A few years ago, if a bank had $1, they would spend it on a new trading algorithm. But now, they rather spend it on optimizing post-trade processes, mainly to better manage risks. Especially in the derivatives area, which is a $500 trillion market by notional ($50 trillion market by value at risk). Approx. 75% of this market is catered by products organizations and most of them were built for pre-Lehman Brothers era. This gives a niche startup, such as OpenRisk, an unparalleled advantage to disrupt a market that has not seen any innovation in several decades.

OpenRisk is a FinTech startup with a revolutionary vision -- to disrupt the Derivatives Risk Management market -- with a smart platform that helps clients to achieve global regulatory compliance, high operational efficiencies (reduced bottom-line), business growth objectives (increased top-line) and optimize the cost of margin transactions. As a testament to our vision and strategy, OpenRisk has been selected as one of the top ’20 Most Promising Banking Technology Solution Providers - 2017’ by CIOReview magazine.

OpenRisk is addressing the three fundamental problems of the capital markets today - (1) Inadequate and inefficient real-time measure and control of firm-wide risk exposure (2) Complex and ever-changing derivatives regulatory compliance challenges (3) Ever-increasing cost and complexities of legacy technology maintenance and operations.

OpenRisk solution to these problems are three-fold - (1) An ontology based neural network of data for seamless FO to BO integration across derivatives desks (2) A highly flexible data model in a standardized framework (FIBO) for continues regulatory compliance (3) AI technologies, Micro-services, and innovative User eXperience for high efficiency and automation levels.

185 Sapphire Lane
Franklin Park, NJ 08823
United States
+1 (732) 301-7061
Fintech's privacy page
Founder
Narasimha Kodihalli
CEO
Visionary leader with over 17 years of practice in building and managing enterprise technology solutions for Financial Services Sector
185 Sapphire Lane
Franklin Park, NJ 08823
United States
+1 (732) 301-7061
Fintech's privacy page
Investors
Kodihalli
Family & friends
Investment Stage - Pre-seed
Cooperations
December, 2016