Wells Fargo announced that OpenRisk Technologies has joined the bank’s startup accelerator, bringing the total number of companies in the portfolio to 21.
OpenRisk Technologies has built a derivatives collateral and liquidity management platform that leverages semantic web, artificial intelligence and blockchain technologies to analyze data, facilitate post-trade operations and manage risks.
“OpenRisk is excited to be part of the Wells Fargo Startup Accelerator and to work with business and tech leaders through the program to validate key components of our platform,” said Narasimha Kodihalli, founder and CEO of OpenRisk Technologies, in a statement. “We see great potential to grow our solution and build on our foundation of smart people, smart approach and smart technology.”