back Back

Development Bank of St. Kitts and Nevis taps ERI for its Olympic Banking System

By Delisha Fernandes

September 14, 2023

  • banking business
  • Core Banking Platform
  • Development Bank of St. Kitts and Nevis
Share

Development Bank of St. Kitts and Nevis, OLYMPIC Banking System, ERI, core banking platform, banking business, SMEs, FinTech news, FinTech USERI, has announced that Development Bank of St. Kitts and Nevis has chosen the OLYMPIC Banking System as its new core banking platform to support its development banking business expansion.

Development Bank of St. Kitts and Nevis (DBSKN) promotes economic growth and development by providing financial and advisory services to viable ventures and programmes in Business, Industry, Agriculture, Education and Housing.

Development banking in the Caribbean region as a whole and in the Eastern Caribbean Currency Union in particular, has been a means of providing access to finance by the small and medium size businesses which did not have the capacity or track record to do so from the established banking system.

Laurinston Matthew, CEO at DBSKN said, “OLYMPIC Banking System will enable DBSKN, through automated compliance processes and sophisticated balance sheet reporting, to attract foreign banks and sovereign wealth funds to invest in development projects in St. Kitts and Nevis. Clients will also benefit from having easy access to their loan and account information while enjoying a new enhanced digital user experience.”

The bank has embarked on a strategy to transform its operating model by implementing a digital core banking platform that will enhance its services and product offering.

The project will be delivered in a SaaS Model, OLYMPIC Banking System will be deployed on a MSFT Azure SaaS platform which will be managed by hosting partner TAG Consulting LLC in San Juan, Puerto Rico.

“We are honoured to have been chosen to support Development Bank of St. Kitts and Nevis’sdigital transformation strategy. Our local and international expertise, combined with the product’s extensive functional coverage, will provide the bank with a robust platform for future growth,” said Jean-Philippe Bersier, Director of Sales & Marketing at ERI.

Previous Article

September 14, 2023

Aditya Birla Capital Digital unveils Payment Lounge for merchants with PhiCommerce

Read More
Next Article

September 14, 2023

Cashfree Payments brings 1-step UPI payment solution for mobile-first SMEs

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

banking business

Digital remittances surge as key lifeline amid global economic challenges, study shows

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

June 14, 2024

IDVerse brings Identity Verification solution to Temenos Exchange

Read More

June 14, 2024

Lumin Digital & Pinwheel team to strengthen Banks and Credit unions

Read More

June 14, 2024

Avaloq & Comyno team up to launch securities financing solution

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 Q1 2024
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