Ardshinbank selects OLYMPIC banking system

Economy 29 January, 2024 15:36

Ardshinbank CJSC has chosen OLYMPIC Banking System to support its securities and forex operations.

According to the press service, the bank’s activities include providing investment services such as custody, brokerage and forex services to its wide range of clients. Ardshinbank is offering its clients the unique advantage of tapping into its extensive partners and correspondents network. This global network enables clients to access the best investment services, leveraging bank’s strategic relationships around the world.

OLYMPIC Banking System will cover the end-to-end operational chain for securities (equities, bonds, funds, derivatives, etc.) and traditional FX products (spots, forwards, swaps). The administration of these products will be done within OLYMPIC Banking System with functionalities for securities transactions, delivery management, settlement/custody, accounting and cash management. Finally, the bank plans to implement ERI’s digital banking platform featuring transfer/payment orders, securities orders and FX orders. The banking platform will be integrated with the bank’s mobile banking application for the retail business.

“As we navigate the dynamic landscape of modern investment banking, we are thrilled to adopt a cutting-edge system that will streamline and digitise our investment services front-to-back operations. This strategic move underscores our dedication to providing best-in-class investment services to our clients and positions us at the forefront of technological innovation in the industry.”

HARUTYUN ISPIRYAN

Chief Digital and Talent Officer, Member of the Management Board

“Welcoming Ardshinbank as an esteemed member of our client community emphasizes the strength and capabilities of our core banking system. This collaboration fills us with excitement as we embark on a collective mission to drive success in the dynamic realms of digital banking, securities, and forex operations, forging a promising path forward together.”

JEAN-PHILIPPE BERSIER

Director of Sales & Marketing, ERI