- Ardshinbank Partnership:
- Ardshinbank, a commercial bank in Armenia, has chosen ERI’s Olympic Banking System to enhance operations in securities and forex.
- Bank Overview:
- Founded in 2002, headquartered in Yerevan, Ardshinbank offers various services like mortgages, accounts, student loans, time deposits, payment cards, business loans, and investment services.
- Focus on Securities and Forex:
- The collaboration with ERI aims to bolster Ardshinbank’s operations in securities and traditional forex products.
- Comprehensive System Coverage:
- ERI’s Olympic Banking System will cover the entire operational chain for securities and forex services, including administrative tasks like transactions, delivery management, settlement, custody, accounting, and cash management.
- Retail Mobile App Enhancement:
- Ardshinbank plans to integrate ERI’s technology to strengthen its retail mobile app.
- The current app supports contactless payments, money transfers, tax services, and financial analytics.
- Expected Features:
- Integration with ERI’s platform will add transfer and payment orders, securities orders, and forex orders to the existing app features.
- Recent Adopters:
- Other recent adopters of ERI’s Olympic Banking System include Proven Group in the Caribbean, Development Bank of St. Kitts and Nevis, and Banque Richelieu Monaco.
