Development Bank of St. Kitts and Nevis selects the OLYMPIC Banking System

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September 2023

ERI is pleased to announce that Development Bank of St. Kitts and Nevis has chosen the OLYMPIC Banking System as its new core banking platform to support its development banking business expansion.

Development Bank of St. Kitts and Nevis (DBSKN) promotes economic growth and development by providing financial and advisory services to viable ventures and programmes in Business, Industry, Agriculture, Education and Housing. Development banking in the Caribbean region as a whole and in the Eastern Caribbean Currency Union in particular, has been a means of providing access to finance by the small and medium size businesses which did not have the capacity or track record to do so from the established banking system.

The bank has embarked on a strategy to transform its operating model by implementing a digital core banking platform that will enhance its services and product offering.

The project will be delivered in a SaaS Model, OLYMPIC Banking System will be deployed on a MSFT Azure SaaS platform which will be managed by our hosting partner TAG Consulting LLC in San Juan, Puerto Rico.

Banque Richelieu Monaco

We are honoured to have been chosen to support Development Bank of St. Kitts and Nevis’s digital transformation strategy. Our local and international expertise, combined with the product’s extensive functional coverage, will provide the bank with a robust platform for future growth,” said Jean-Philippe Bersier, Director of Sales & Marketing at ERI.

Laurinston Matthew, CEO at DBSKN adds, “OLYMPIC Banking System will enable DBSKN, through automated compliance processes and sophisticated balance sheet reporting, to attract foreign banks and sovereign wealth funds to invest in development projects in St. Kitts and Nevis. Clients will also benefit from having easy access to their loan and account information while enjoying a new enhanced digital user experience.

Banque Richelieu Monaco

The Development Bank of St. Kitts and Nevis (DBSKN) has been the single most important institution in the social and financial mobility of the citizens and residents of the Federation of St. Kitts and Nevis. DBSKN was established by an Act of parliament NO.1 of 1981 and opened its doors to the public on May 22nd of that same year. DBSKN is wholly owned by the Government of St. Kitts and Nevis but is fully autonomous and operates independently.

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