Central Banking System
Adapt quickly to evolving mandates, technical innovations and the new realities of financial markets
A Central Banking System that supports anticipation, sustain economic policy & mitigate risks
In an unstable environment, preserving the stability of the financial system and supporting economic policy remain among the key priorities for Central Banks. However, maintaining and monitoring the economic cycle has become more complex and requires the constant adaptation of the instruments used to support any intervention. An agile and robust banking system that streamlines and digitises the core processes of Central Banks will play a pivotal role in successful growth strategies.
Central Banks are reviewing their strategies to adjust to a world reshaped by technology, which results in a shift of focus in investment and in banks’ expectations, including the need to control and master future technologies and the use of an optimised and future-proofed banking system.
Technology and geopolitical challenges have only accelerated the pace and the need to adapt to change and indeed anticipate it. Central Banks play a pivotal role in crisis management both domestically and internationally, so they have significant exposure to possible financial and reputational risks. To help them manage this exposure, a wide range of secure instruments (inherent to the core banking system) covering the scope of their intervention has become key to executing policies rapidly and efficiently.
Now more than ever, Central Banks need to sustain a resilient and robust operating model. They are looking for technology banking systems supporting decentralised networks, evolving capital markets, high data quality and cyber-crime prevention. This will help them build a lean, agile and flexible organisation capable of operational excellence, while reinforcing their role as gatekeeper for compliance and security.
THEY TRUST US
OLYMPIC Banking System
for Central Banks
OLYMPIC Banking System delivers to Central Banks a solution that responds to their needs:
The government’s bank
Manage payments, money market, forex transactions and treasury bond auctions. Finance transactions and issue placements of securities. Provide asset management (government stock holdings and investments) and fund management. Manage banks’ and correspondents’ deposit accounts, including the management of interest, STP of transactions and the associated messaging.
Reserves & Holdings
Manage state monetary reserves held in gold and foreign currency. Manage holdings in public and corporate bonds and the issuance of sovereign and local government bonds. Process monetary policy transactions with SDR management, monitoring and valuation.
Cash & Vault operations
Receive cash and cheque payments. Exchange local currency against foreign currency. Record cash stocks and physical movements. Manage the stock and sale of collectables and memorabilia.
Payments & Transfers
Provide banking services for local banks. Process national and international payments with RTGS (real-time gross settlement) systems and SWIFT.
Manage the value and inventory of physical currency stocks as well as the issuance of money (bank notes, coins), the supply and exchange of old or damaged bank notes/coins and their subsequent destruction.
Deploy a secure internet portal relying on user authorisations, authentication tokens and access cards. Check account balances and transactions, manage and control transfer and payment instructions, download statements and facilitate account reconciliation.
Issue guarantees, provide lending and associated facilities to banks (repos: sale and repurchase agreements) and other entities. Hold and manage collateral. Manage and allocate credit lines such as SDR.
Provide a government and its institutions, as well as international organisations, with custody
services including the management of securities, coupons and corporate actions.
An agile & flexible platform
Flexible & Integrated
Control the entire operational workflow for clear governance and ownership.
Secure and robust technology that improves the consistency and speed of decision-making.
Real-time updates of cash, currency and securities positions.
User access rights are managed via authorisations and authentication controls. Audits and checks are performed throughout operational process lifecycles.
Lower complexity and risk with faster, streamlined operational processes available on multiple technologies, including in the cloud.
Better data connectivity for sharp and impactful analysis and forecasting.