OLYMPIC Banking System wins The Banker Technology Award for private banking solution of the year.

ERI Bancaire SA, a leading supplier of integrated core banking and asset management applications to the Private Banking market, is pleased to announce that it was yesterday awarded the 2003 Banker Technology Award for the Private Banking Solution of the year.

The award was made on 3 June at a ceremony in London organised by The Banker magazine. The OLYMPIC Banking Solution is widely recognised as being the pre-eminent solution for private banks and wealth managers in Europe, and is used extensively by many of the large international banking groups across their international networks.

The OLYMPIC Banking System was selected as being the core banking application providing a totally integrated, STP-based, approach to private banking and wealth management. The combination of straight through processing, a comprehensive order management system and automated rebalancing of customer portfolios, all in a single integrated application with a very extensive range of banking and asset management functionality, means that the OLYMPIC Banking System is frequently the system of choice for the serious players in the international private banking and wealth management sector.

Furthermore, the application’s ability to run in a multi-country multi-lingual environment, off a single data centre, make it extremely attractive in the current climate of pressure to centralise and consolidate back-office operations
and processing.

The Banker Awards were founded in 2003 to recognise best of breed, innovation and success in the solutions and systems for financial institutions. They aim to identify leaders in the market and draw attention to the competitive
edge that can be gained by the use of this technology.

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