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Digital & Technology

ERI announces successful completion of multi-location deployment at Andbank

ERI Bancaire has announced that its long-standing client Andbank has successfully completed a multi-site deployment of the latest version of the OLYMPIC Banking System, demonstrating the flexibility and scalability of the solution in a multi-jurisdictional context.

The roll-out took place in two stages, initially for the Monaco entity and then subsequently for the Andorra, Luxembourg, Spain, Panamá and Insurance units, using a “Big Bang” approach.

The integration of the latest version with the bank’s ecosystem was challenging, but a strong commitment and the close collaboration of both the ERI and the Andbank teams enabled a successful conclusion of the project.

Max Nahmani, Director, ERI Bancaire, said “We have been working closely with Andbank over a number of years. Their extensive knowledge of the OLYMPIC Banking System facilitated not only the implementation of the multi-entity coverage, but also the deployment of new functions allowing the bank to automate their operational processes and therefore optimise their customer services.”

Pedro Cardona, Global Chief Information, Operations & Organisation Officer, Andbank, said “Andbank has launched a technological transformation program aimed at becoming a reference entity in the private banking sector. OLYMPIC Banking System stands at the core of the program and creates a competitive advantage by facilitating the principle business functions thanks to an evolutionary open architecture which allows us to scale and adopt new solutions. OLYMPIC Banking System sets the foundation to accelerate our digital transformation.”

ERI is an international company specialising in the design, development, distribution and support of the integrated, real-time banking and wealth management software package: OLYMPIC Banking System.

Operating in many of the major financial centres, ERI is present in Geneva, Zurich, Lugano, London, Luxembourg, Singapore and Paris.

Andbank is an international Family-owned Bank, with presence on 3 continents, in 11 countries and it counts over 1000 employees. For over 85 years, Andbank has specialised in Wealth Management for the Private Banking industry. They promote that they are leading providers of the best solutions for their clients, through innovative value offers and with the highest quality standards.