ERI is pleased to announce that UBL (Switzerland) AG, the Zürich based subsidiary of United Bank Limited, the second largest private commercial bank in Pakistan, has selected the OLYMPIC Banking System to run its core banking and trade finance operations. UBL (Switzerland) AG, founded in Zürich in 1967, specialises in offering Trade Finance services to large commodity traders and exporters in
Switzerland and Europe.
The bank has decided to use the SaaS solution from the OLYMPIC Banking System deployed with ERI’s outsourcing partner ITpoint Systems AG.
UBL (Switzerland) AG has been convinced by the extensive documentary credit management features provided by the OLYMPIC Banking System and will use the solution to manage its Middle and Back-Office operations as well as its customer portal.
“We are proud to partner with ERI and ITpoint, two wellestablished and recognized companies. We will benefit from their expertise and professional support in order to optimize and streamline our processes” said the UBL management. This will enable us to offer our customers a comprehensive, enhanced value added service”.
“We are honoured to have been selected by UBL (Switzerland) AG for the IT transformation of its trade finance platform”, commented Roger Furrer, Director ERI Bancaire Zürich. “This success is another achievement for ERI in a very strategic banking segment”.
ERI – Marcel Schlagenhauf +41 44 204 93 25
ERI – ERI – Roger Furrer +41 44 204 93 61
ERI is an international company specialising in the design, development, distribution and support of the integrated, real-time banking and wealth management software package: OLYMPIC Banking System®. Operating in many of the major financial centres, ERI is present in Geneva, Zurich, Lugano, London, Luxembourg, Singapore, and Paris.
ERI is focused on providing comprehensive, quality, software with effective system implementation assistance and efficient on-going maintenance and support for clients worldwide.
More than 300 banks and financial institutions across over 55 countries in Europe, the Middle East, Africa, the Americas and Asia have already chosen the OLYMPIC Banking System®.
UBL (Switzerland) AG is a 100% subsidiary of United Bank Limited (UBL) which is the second largest private bank in Pakistani and is majority owned by Bestway Group U.K. with its head office in Karachi, It has over 1400 branches across Pakistan, 18 offices abroad and a customer base of over 4 million.
The bank has an asset base of around USD 10 billion, a global workforce of nearly 15,000 employees, and a diversified customer base that spans a wide range of segments and industries around the world. UBL offers wholesale and retail banking services through its presence in 7 countries including the UAE, Bahrain, Qatar, Yemen, U.K. Switzerland and China.
In Switzerland, the main business is trade finance, especially in the export business.