back Back

Ardshinbank selects OLYMPIC Banking System to fuel securities and forex operations

By Gloria Mathias

February 15, 2024

  • Ardshinbank CJSC
  • Armenia Bank
  • Armenia News
Share

Ardshinbank CJSC, Armenia Bank, Fintech News, OLYMPIC Banking, ERI, Securities, Forex, Banking Solutions, MENA News, ERI, an international company specialising in the design, development, distribution, and support of the OLYMPIC Banking System, has announced that Ardshinbank CJSC, an Armenian bank, has chosen the OLYMPIC Banking System to support its securities and forex operations.

Ardshinbank CJSC, founded in December 2002 in Yerevan, has consistently been at the forefront of providing financial services to its clients. 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 partner and correspondent network. This global network enables clients to access the best investment services, leveraging Ardshinbank’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 the OLYMPIC Banking System, with functionalities for securities transactions, delivery management, settlement/custody, accounting, and cash management.

The bank plans to implement ERI’s digital banking platform, which features 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.

“Welcoming Ardshinbank as an esteemed member of our client community emphasises 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,” shared Jean-Philippe Bersier, Director of Sales & Marketing, ERI.

“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,” stated Harutyun Ispiryan, Chief Digital and Talent Officer and member of the Management Board.

Previous Article

February 15, 2024

Sopra Banking Software appoints ex-Temenos exec Andrew Steadman as CPO

Read More
Next Article

February 15, 2024

Sinch integrates Messaging APIs for banks on Temenos Exchange

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Ardshinbank CJSC

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Aurionpro acquires Arya.ai to offer AI solutions for Banks, FIs & Insurers globally

Read More

Today

Backbase & EverBank to enhance commercial and treasury services

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023