What we quickly discovered is that the Faster Payments rules are simple, but the process and the technology is not. Every payment system uses a unique type of message. ERI had to make its OLYMPIC Banking System compatible with the Faster Payments standard (ISO20022), which was the first time they had done this. We had exceptional support throughout, to the point where BFC Bank has been complimented as the Faster Payments member with the best uptime performance in the UK. We have not missed a single test, even amid the strain imposed by the current COVID19 crisis. Payment testing can be run remotely or on-site. Additionally, the cost and efficiency offered by ERI is outstanding.
reimagining financial technology
ERI provides comprehensive software solutions through its digital platform, the OLYMPIC Banking System. Our solutions support banks and financial institutions across the globe, with streamlining and digitising their core business activities across their clients’ entire lifecycle. Fully integrated from front to back and fully configurable, it powers seamless customer-centric workflows to deliver optimal business performance.
Whether your institution is a private, commercial, retail, or a central bank, a credit union or a business focusing on custody, fund administration and brokerage services, we help you automate complex processes, while mitigating risks, controlling costs and unlocking your institution's full potential for innovation and growth.
Find out more about our digital Core Banking platform, and its wide range of integrated solutions: CRM, Client On-boarding, Loan Management, Portfolio and Order Management, Advisory and Digital Banking.