ERI and Capgemini partner for shared services centre
ERI and Capgemini join forces for a shared services centre
The new partnership between private banking software vendor ERI and tech consultancy firm Capgemini will see the launch of a shared services centre for private banks and wealth managers in Europe.
ERI will provide its flagship core banking system, Olympic, whilst Capgemini will bring to the table its expertise in infrastructure and application management services and business process outsourcing (BPO).
The combined offering will initially be rolled out in Switzerland and Luxembourg, with other European countries to follow at a later stage.
ERI comments that “many banking institutions are currently considering outsourcing all or part of their operations”. The vendor cites rising costs, complex regulatory environment and “the need for products to be constantly updated to meet the requirements of increasingly demanding clients” as key reasons.
In the private banking sector, ERI’s Olympic is among the most widely installed core banking systems worldwide.
In Europe its long-standing customers include Andbanc, Banque Privée Edmond de Rothschild, J Safra Sarasin and SG Hambros Bank. Among newer additions are Banca Consulia in Italy, Natixis Bank in Luxembourg and CBH London in the UK (a subsidiary of Switzerland-based Compagnie Bancaire Helvetique).
