OLYMPIC Banking System

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.


The OLYMPIC Banking System is a high-end integrated, real-time, interactive and modular banking software package that offers complete functional coverage to financial institutions. The system is comprised of a central core and functional modules. The extensive parametric system allows each bank and financial institution to "customize" the system to meet its specific requirements. Additionally, each bank and financial institution also differs in its activities, services, products offered andfunctionalities required. Banks can acquire additional functionalities in the form of standard "Optional Modules" to meet specific requirements. These modules complement the wide palette already available in the core system and further extend its adaptability. The "Optional Modules" are also customized via the parametric tables and can be added to the system at any time. This allows our more than 300 clients around the world who have different activities and requirements to work on the SAME standardized version of the system. OLYMPIC Banking System is sub-divided in following fully integrated and interactive modules:

  • Management Tools (Enquiry System, order management, position analysis etc.)
  • Core Data Management (Parametric tables and formats, client services, securities data, etc.)
  • Accounting (Accounts closing, interest scales, reconciliations, etc.)
  • Money transfers (Transfers and account operations, standing orders, multiple transfers, etc.)
  • Treasury (Time deposits/loans, settlements, cash management, etc.)
  • Foreign Exchange (FX transactions, rates, positions, etc.)
  • Credit (Credit limit and overdraft control, debtor control, debtor analysis, etc.)
  • Custody (Securities management, securities transactions, corporate actions, etc.)
  • Safe Deposit Boxes (Management)
  • Telecommunication (Interfaces, incoming, outgoing)
  • Trust and Companies (Management)
  • Funds Management, Administration, Transfer Agency
  • International (Legal and local reporting)
  • Definable Batch Jobs

Specialized functional modules can be added at any time, which are designed to follow the same philosophy and logic structure as the core system thereby making evolution of the system easily accomplished. Among the complementary modules available for the core system, are amongst others: Mutual Funds and Companies, Trade Finance, Retail Credits, E-Banking, Multi-Stock Exchange Multi-Brokers (STP), External Agents, Graphic Client Reporting etc. The system is also multi-centre, multi-currency and multi-time zone allowing international banking groups to centralize information and back office into processing centers allowing them to reduce their IT costs.

Key Features

  • Online limit checks
  • Online compliance and internal policy controls
  • Online position updates
  • Real-time operations and cash balance updates
  • Real-time generation of accounting entries (no need to wait for EOD posting)
  • Online production of messages – advice slips – statements
  • Real-time enquiries and generation of reports
  • Multi-Channel (Internet Banking – Mobile Phone Banking – iPad Banking)
  • Genuine STP (straight through processing) for both cash and securities-based products

Key Benefits

  1. Experience of over 300 successful implementation projects
  2. An integrated solution fully covering your functional requirements
  3. Future oriented partner with proven track record
  4. International experience
  5. A single integrated solution with a single database
  6. Scalability
  7. Strong, proven multi-centre capability
  8. A single, parameter-driven version
  9. Market leadership in key markets
  10. Continuous product evolution
  11. Fully integrated modules