ERI is proud to announce that SMBC NIKKO BANK (LUXEMBOURG) S.A. („SNBL“), in its continued collaboration with ERI and the use of OLYMPIC Banking System as its core banking platform supporting the growth strategy of its fund administration and custodian bank activities, has decided to extend the functional coverage of OLYMPIC Banking System to also replace its WEB Transfer Agent platform.
SNBL’s business and project teams have worked together with ERI to incorporate business processes in an ecosystem where OLYMPIC Banking System will comprise the central platform orchestrating the transfer agency activity as well as optimize the accounting processes relative to the custody activity.
„The aim was to restructure and harness synergies to simplify and standardize a complex IT system that was overly interfaced with third-party tools. OLYMPIC Banking System will enable us to meet the challenges of growth using a single, complete, scalable and fully integrated platform that exploits the modern principles of service-oriented architecture. Subscription/redemption calculations, in particular, are now directly managed in OLYMPIC Banking System, with results allowing a high degree of customization.“
„We are pleased to have been able to contribute successfully to this very ambitious project and to support SMBC NIKKO BANK (LUXEMBOURG) S.A. in its expansion and development“
About ERI
ERI is an international company specialising in the development, distribution and support of the integrated, real-time banking, securities custody and wealth management software package: OLYMPIC Banking System. Operating in many of the major financial centres, ERI is present in Luxembourg, Geneva, Zurich, Lugano, London, Singapore and Paris.
ERI is focused on providing comprehensive, quality software with effective system implementation assistance and efficient on-going maintenance and support for clients worldwide.
More than 400 banks and financial institutions across over 60 countries in Europe, the Middle East, Africa, the Americas and Asia have already chosen the OLYMPIC Banking System.