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ERI Bancaire chooses StatPro as technology partner for risk reporting

StatPro Group plc (AIM: SOG), a global leader in portfolio analytics services, today announces that ERI Bancaire (ERI) has chosen to integrate StatPro’s risk management solution with its banking software, OLYMPIC Banking System. This will provide ERI’s private bank customers in Europe, the US and Asia with access to robust risk reporting capabilities through StatPro’s application programming interface (API).

The partnership is a significant achievement for StatPro, which works with technology partners and data providers to ensure risk reporting is available and accessible to financial institutions globally. The agreement will provide over 300 of ERI’s customers with access to StatPro’s risk management solution.

According to Jean-Philippe Bersier, Director of Business Development at ERI, “Risk management has become a key priority for financial institutions. We chose StatPro’s risk management API to improve our existing offering in risk reporting management. Integrating risk reporting within the OLYMPIC Banking System middle office enables us to help customers who are looking to enhance their processes in this area.”

Michel Lempicki, Corporate Development Director, StatPro states, "The regulatory drive for financial institutions to demonstrate robust risk management procedures has, in turn, increased the demand for our reporting and analytics capabilities. ERI’s specialism in banking software provides a natural fit for our partner program and we are pleased to be working with them and offering additional value to their own offering to the market.”