OLYMPIC Banking System has been top rated for Private Banking platforms by IBS

30 March 2010

ERI, a world leader in integrated banking systems, is very pleased to announce that the IBS Journal has rated OLYMPIC Banking System the number 1 provider of private banking platforms for 2009. The survey results yet again confirm OLYMPIC Banking System’s long-held reputation as leader in the provision of integrated private banking platforms This rating is based on the number of new institutions that have opted for OLYMPIC Banking System usually after a detailed selection process involving major market
competitors. The reason for its success is that the software matches what the market is looking for: it offers a wide range of functionality, reduced total cost of ownership, rapid installation and an upgradeable platform technology.

Martin Whybrow, the publisher of the International Banking Systems Journal, observed when commenting on the survey results that the volume of sales in 2009 was less than in 2008 but that ERI had managed to open up new markets by sales in several geographical regions.

Michel Mathys, ERI's Sales Manager, expressed his satisfaction: "We are happy with the progress of sales of OLYMPIC Banking System. The application is aimed at private banks, wealth management and funds as well as universal retail banks. Central banks that have been won over by the integration of components and real time transaction processing also represent a growing number of ERI's clients. The recent multi-platform SOA version has greatly increased potential market size."

ERI is positive about its business prospects for 2010; the bounce-back of financial markets will boost the recovery of investment in banking platforms. Growth will occur in traditional market places where renewal is expected but it will also affect emerging economies where there is frequently a strong demand for software in the banking and financial sectors.

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