Financial services operating system OpenFin has secured a strategic investment from SC Ventures, the FinTech investment arm of Standard Chartered.

The unconfirmed capital investment amount will be used to “accelerate” new product development and brings OpenFin’s total funding to date to $50 million, with the likes of Bain Capital Ventures, Barclays, HSBC and JP Morgan having already invested in the company.

OpenFin’s web-based OS is used at financial services firms for supporting next-generation applications and desktop working by creating interfaces that make the financial desktop “simple and intuitive”.

The latest round of capital will be used to expand OpenFin’s product and engineering teams focused on building new user interface components, including a new desktop-wide Notification Center.

Standard Chartered adopted OpenFin’s technology earlier this year to accelerate its internal and client-facing technology transformation strategy across multiple areas of the bank, starting with the financial markets business.

Traders there now have access to “easy” workspace management and automated workflows which are intuitive, user-friendly and help increase productivity, said SC.

“OpenFin OS will see a significant increase in usage across Asia, Africa and the Middle East as a result of Standard Chartered’s diversified client geographies,” OpenFin said.

“In the financial services workplace of the future employees need increasingly specific tools to collaborate and serve clients effectively,” said Alex Manson, a partner at SC Ventures. “We are partnering with OpenFin as they create such an environment, allowing for personalised design of the workspace and transforming the way we think of how conventional financial markets applications are delivered to the user.”

Mazy Dar, co-founder and chief execuive of OpenFin, said: “The pace of innovation at such a large financial institution as at Standard Chartered has been truly astounding. We look forward to a close collaboration as we work to modernise the industry’s app infrastructure.”

Built on Google’s Chromium engine, OpenFin OS is already used at over 1,500 banks and buy-side firms across nearly 250,000 desktops in over 60 countries.

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