2021 Winners
Best Operational Efficiency Solution
ERI
Throughout our 30+ years history serving the private banking sector, the OLYMPIC Banking System has been helping clients streamline and automate complex processes — therefore optimising efficiency while keeping operating costs down.
We are dedicated to empowering clients with problem solving tools, freeing up RMs’ time to focus on clients. We have developed solutions that are able to adapt to complex and specific requirements, and able to connect through APIs (application programming interfaces) to a wider ecosystem which will support and drive innovation.
This award is a recognition of our company’s collective efforts to deliver first-class innovative technology and services to clients. We want to thank Asian Private Banker for this award as it serves as a motivation to our entire team to continue to strive for the better.
The OLYMPIC Banking System, which is gaining traction among clients in Southeast Asia, provides a single solution for private banks and wealth managers to process in real time securities transactions throughout their lifecycle. That includes initial order capture, checks, execution, settlement and final message processing.
Through the platform, ERI seeks to enhance the customer experience and improve efficiency by reaching 100% straight-through processing (STP) for transactions — and reducing errors and costs in the process.
One enhancement rolled out by ERI for the OLYMPIC Banking System during the period under consideration was an automated pay-out scenario management system for structured products. The new function is particularly pertinent for private clients in the region, given the popularity of structured products. The enhancement — intended to automate and simplify the complexity and multitude of possible actions associated with these products — has helped clients to scale up their structured products business without an equivalent increase in resources.
That is why ERI is Asian Private Banker’s 2021 winner of the Technology Award for Best Operational Efficiency Solution.