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THE OLYMPIC BANKING SYSTEM IS A FULLY-INTEGRATED, ONLINE, FRONT-TO-BACK, PARAMETER-DRIVEN BANKING SOLUTION. THE CONCEPTUAL DESIGN OF THE OLYMPIC BANKING SYSTEM IS BASED AROUND A CORE SYSTEM WHICH GROUPS ALL CENTRALISED FUNCTIONS, AND OFFERS A WIDE CHOICE OF FULLY
INTEGRATED OPTIONAL MODULES.
The OLYMPIC Banking System is a modular, integrated and real-time banking software package. Client centric, the OLYMPIC Banking System has a single instance of a
customer for whom any financial product activity can be managed easily and flexibly. All product activity results in real-time updates to customer and bank positions. The OLYMPIC Banking System provides transaction processing for a comprehensive range of financial products including:
• Current/Checking Accounts
• Deposit/Savings Accounts
• Cash Management
• Foreign Exchange
• Money Market
• Securities Trading
• Corporate Actions
• Structured Products
• Mutual Funds
• Term Deposits, Term Loans
• Credits & Loans
• Trade Finance
The OLYMPIC Banking System has built-in General Ledger processing. For every transaction the system will generate a self-balancing accounting set according to the accounting rules parameterised in the system by the bank. Cash flows due to transactions in any product can be monitored in real time. A Trial Balance and detailed
financial reports can be produced daily.
The OLYMPIC Banking System can allow organiations to cater for multientity and multi-bank requirements within a single database. Each entity can have its own base currency and general ledger. The OLYMPIC Banking System is also multi-time zone, multi-currency and multi-lingual. Output to clients can be generated in the preferred language of the client, while the screen displays and options in the system can be in the language of the user. Additionally, the OLYMPIC Banking System is able to handle tax calculations across multiple tax regimes.
The OLYMPIC Banking System provides an extensive parametric system so as to allow each bank to build a banking system suited to its specific needs, business processes and terminology. Parameter tables allow the bank to create its own products and transaction types; add more branches, legal entities and profit centres as
and when required; define accounting principles and balance sheet presentation; create fees and tariffs ; determine user access and authorization stages; construct menus specific to user responsibilities, etc. The parameterisation process, based on a standard set delivered by ERI, is a key implementation task designed to deliver
a banking system that is fully aligned with the bank’s business drivers.
The OLYMPIC Banking System’s capabilities for the front office are not only user-friendly but meet the highest standards requested by account managers and today’s
discerning clients. The user is able to review a client’s total position with the bank instantly and drill down to cash movements and individual transactions with just a few mouse clicks or keystrokes. Limits granted, weighting factors applied, total net worth analysis, income analysis and pending overdrafts are all shown by the
system in real-time. On-line valuation statements can be produced and printed. Additionally, the user is able to enter client orders for:
• Securities trading
• Transfers & Payments
• Foreign Exchange
• Loans and Deposits
• Fund Management and Administration
The OLYMPIC Banking System also offers a number of features for Portfolio Management, including Model Portfolios and Investment Strategies. Model Clients, Investment Plans and Model Portfolios can be constructed, as well as facilities for automatic investment of regular savings or surplus funds. Restrictions on investments can also be set, down to client level.
The OLYMPIC Banking System offers a dedicated front-office module for Portfolio Managers who can perform all decisional and transactional activities
in an intuitive environment. As this module is a fully integrated component of the OLYMPIC Banking System, Portfolio Managers benefit consequently from all the other
operational and decisional capabilities, thus affording genuine integrated straight through processing in real time. Portfolio Managers have at their disposal functionally rich capabilities for leveraging the bank’s strategies and client transactions in the OLYMPIC Banking System. All the tools necessary to easily increase their productivity are available:
• Inquiries and analysis on clients, portfolios and instruments through user definable selection
• Definition of strategies in multiple dimensions
• Strategy validation and simulation of impact
• Portfolio rebalancing and automatic order generation
• Order Blotter/Book Management
• Bulk order input and monitoring
• Valuation, analysis and reporting
• Performance calculations for any given period (Money and True time weighted return)
E-BANKING & MOBILE BANKING
The OLYMPIC Banking System is fully Web enabled, providing a solution which integrates client oriented internet-based functionality with a live production system in a seamless architecture. Web services from ERI offer organisations the capability to quickly integrate e-banking services in an existing or newly created Website.
With OLYMPIC Mobile, relationship managers and clients have access to online banking services from a mobile device. The OLYMPIC Banking System uses
market standard application servers. ERI’s Web and Mobile solutions interface with organisations’ preferred 3rd party security systems for data encryption, registration and nonrepudiation. Web and Mobile solutions from ERI offer portfolio inquiries, portfolio valuations, transaction drilldown, order input, payments and transfers, secure email etc.