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Development Bank of St. Kitts and Nevis selects the OLYMPIC Banking System

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OLYMPIC Banking System - Core Banking

OLYMPIC Banking System helps you streamline and digitise complex processes from front to back office, unlocking your institution’s full growth potential. The solution covers for instance payments and remittances, loans and mortgages, savings and deposits as well as all required regulatory requirements.

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by ERI
| 13/09/2023 14:00:00

ERI is pleased to announce that the Development Bank of St. Kitts and Nevis has chosen the OLYMPIC Banking System as its new core banking platform to support its development banking business expansion.

Development Bank of St. Kitts and Nevis (DBSKN) promotes economic growth and development by providing financial and advisory services to viable ventures and programmes in Business, Industry, Agriculture, Education and Housing. Development banking in the Caribbean region as a whole and in the Eastern Caribbean Currency Union, in particular, has been a means of providing access to finance for small and medium-sized businesses which did not have the capacity or track record to do so from the established banking system.

The bank has embarked on a strategy to transform its operating model by implementing a digital core banking platform that will enhance its services and product offerings.

The project will be delivered in a SaaS Model, The OLYMPIC Banking System will be deployed on an MSFT Azure SaaS platform which will be managed by our hosting partner TAG Consulting LLC in San Juan, Puerto Rico.

“We are honoured to have been chosen to support Development Bank of St. Kitts and Nevis’s digital transformation strategy. Our local and international expertise, combined with the product’s extensive functional coverage, will provide the bank with a robust platform for future growth,” said Jean-Philippe Bersier, Director of Sales and Marketing at ERI.

Laurinston Matthew, CEO at DBSKN, adds: “OLYMPIC Banking System will enable DBSKN, through automated compliance processes and sophisticated balance sheet reporting, to attract foreign banks and sovereign wealth funds to invest in development projects in St. Kitts and Nevis. Clients will also benefit from having easy access to their loan and account information while enjoying a new enhanced digital user experience.”

Read the original article here.