Market Overview

Former Goldman Sachs CTO Joins The Board Of The Fintech Company That's Open-Sourcing Banks

Share:
Former Goldman Sachs CTO Joins The Board Of The Fintech Company That's Open-Sourcing Banks
Related GS
The Big Bank Q4 Earnings Roundup: Tax Charges Drag Bottom Lines
Visible Alpha, A Benzinga Fintech Award Alumni, Announces $38 Million Funding Round
US Market Indexes Gain on Friday (GuruFocus)

Paul Walker, the former Goldman Sachs Group Inc (NYSE: GS) CTO famous for the rise of tech-driven traders within the firm, has joined the board of OpenFin.

OpenFin is a fintech startup that’s developing a runtime environment that allows banks to quickly deploy new apps that work with each other in a single layer.

“[With OpenFin,] I realized there was an opportunity for me to take a lot of the things I’m passionate about—open source, fintech, communities that allow people to work together—and help create a true open standard for how we can think about delivering apps in financial services,” Walker said in an interview with Benzinga.

Related Link: Kevin O'Leary Wants To Teach Millennials How To Invest With Fintech, Even If He Loses Money Doing It

OpenFin CEO Mazy Dar likens the company’s technology to an “Android for capital markets.” OpenFin creates desktop layers that allow traders to bring all the different applications they might be using into a single space, and allows disparate technologies to interact in a medium in which they previously hadn’t.

“For somebody with Paul’s background and impact on our industry to be joining our board is a big thrill,” Dar said in an interview with Benzinga. “His understanding of financial services, technology expertise, and thoughtfulness about where the industry needs to go and how OpenFin can play a part in that is truly exciting.”

OpenFin recently launched an open-source project called Hadouken that will allow developers across the world to work in its operating layer. The company lists JPMorgan Chase & Co. (NYSE: JPM) and Citadel among its clients.

Visit Benzinga's fintech section for more on OpenFin’s technology.

Posted-In: Hadouken Mazy Dar OpenFin Paul WalkerFintech News Management Exclusives Best of Benzinga

 

Related Articles (GS + JPM)

View Comments and Join the Discussion!