ERI is proud to announce that PROVEN Group, a leading financial institution operating across multiple countries in the Caribbean, has chosen to expand the use of its core technology platform, OLYMPIC Banking System, to three new banking and wealth management entities in the Caribbean region.
OLYMPIC Banking System will serve as the core technology platform to facilitate the expansion of both private and retail banking businesses for the following entities within the Group:
- PROVEN Bank (Cayman) Ltd (formerly Fidelity Bank Cayman Limited);
- PROVEN Bank (Saint Lucia) Ltd (formerly Boslil Bank), and
- PROVEN Wealth (Cayman) Ltd (formerly International Financial Planning Ltd)
PROVEN Group has rebranded its entities and is undergoing a business structure transformation with the objective of standardising the IT infrastructure across the group.
This process positions OLYMPIC Banking System as the primary core banking platform in a multi-entity set up. The project encompasses existing functionalities used by PROVEN Wealth Limited, including client onboarding, credits, corporate actions, funds, client reporting, treasury, REPO, and accounting, as well as new functionalities, including CRM, e-banking, PMS and new interfaces. In addition, new compliance and risk-assessing tools will be developed to cover KYC and KYT processes.
Jean-Philippe Bersier, ERI’s Director of Sales and Marketing, says: “We are delighted to see the Proven Group once again placing their continued trust in OLYMPIC Banking System. By deploying the solution in several new entities, the group will benefit from an integrated solution that shares standardised processes and lowers the total cost of ownership (TCO).”
Johann Heaven, PROVEN’s Group Deputy CEO, states: “We are thrilled to announce the expansion of the OLYMPIC Banking System to additional entities within the group, marking a significant milestone in our digital transformation journey. By adopting this advanced platform, we anticipate numerous benefits across our diverse activities, including streamlined processes, reduced risks, and enhanced cost-effectiveness. Additionally, our customers can expect an elevated and personalised experience that perfectly aligns with our commitment to excellence.”
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