Banque Richelieu Monaco picks ERI’s Olympic Banking System
Banque Richelieu Monaco has tapped ERI for its Olympic Banking System to support the expansion of its private banking business.
Banque Richelieu Monaco picks ERI’s Olympic Banking System
As a private bank, Banque Richelieu Monaco focuses on three services: portfolio management and advisory, private financing solutions and wealth management.
Through the partnership with ERI, the bank will utilise Olympic Banking System’s CRM and portfolio management system, cash and securities processing, custody management, corporate actions, tax reporting and tax statement production.
The integration will be handled by ERI partner BearingPoint, and the project delivered as a Software-as-a-Service (SaaS).
Thomas Lhuillier, CEO of Banque Richelieu Monaco, and Slim Jaziri, deputy CEO, say the partnership “will enable us to offer our clients optimised and modern services, while focusing on growing our business and improving the efficiency of our private banking operating model”.
ERI is a Swiss-based company providing banking and wealth management software. It claims its Olympic Banking System is used by over 400 banks and financial institutions across 60 countries around the world. Recent clients include French private bank Milleis, and Bank of China’s Luxembourg arm.
