ERI is pleased to announce that Warwyck Private Bank ltd, headquartered in Phoenix, Mauritius, has chosen the Olympic Banking System for the development of its private banking business.
Warwyck Private Bank Ltd is one of the first Banks in Mauritius to be granted a licence as an exclusively private banking and wealth management financial institution. The Bank intends to offer its clients high quality services based on the Swiss model.
To support its growth strategy in the Private Banking business, Warwyck Private Bank has decided to implement a new Banking System platform to replace several legacy systems. The OLYMPIC Banking System will support the entirety of the Bank’s business lines, specifically embarking functionality such as Portfolio Management, Fund Management and Digital Banking.
The implementation project for the OLYMPIC Banking System has already started. The Bank will be equipped not only with advanced transaction processing and reporting tools, but also with a highly automated transaction processing capability.
Pascal Dulau, CEO Warwyck Private Bank Ltd explained: “We have very demanding clients, and many of the products we are offering require a high degree of attention to detail. We have selected ERI as our IT platform partner for the future on the basis of the international experience of their solution and the wide functional coverage the product offers.
Jean-Philippe Bersier, Business Development Director ERI, commented: “We are delighted that Warwyck Private Bank Ltd has chosen to implement our application. This is our second win on the Mauritius market and we feel confident that our international expertise, combined with the depth and breadth of functionality in the product, will provide Warwyck Private Bank with exactly what they need to operate their new business model successfully.”