The banking technology firm's recent announcement that BNP Paribas Wealth Management had gone live with its Olympic Banking System in Taiwan is part of a trend of securing more business across Asia.

ERI Bancaire, which recently had its Olympic Banking System implemented in Taiwan by BNP Paribas Wealth Management, has gone into more detail about its strategy for the Asia-Pacific region.

Late last month, the French bank confirmed it had implemented the system, and that one of the benefits is products can be made available in Mandarin – a big plus in a world where it is sometimes assumed that English is the default language of business.

Responding to queries from WealthBriefingAsia, ERI said it is looking to expand in Indonesia, among other locations in the region.

ERI said it was continually developing the product, changing generic requirements (e.g. for CRS) as well as things which are specific to a territory or region.

“We are very pleased with the development of the business which we have seen to date this year, and current indications are that that should continue and possibly even accelerate in the coming years," said a company spokesperson. The firm declined to state its exact annual turnover but indicated a $100 million benchmark. 

Switzerland-headquartered ERI earlier this year celebrated winning the "Portfolio Management" category award in both Hong Kong and Singapore from the publisher of this news service. This followed awards already won by the firm at European and Swiss events also organised by this news service.

Earlier in September, BGL BNP Paribas Luxembourg, part of the BNP Paribas group, went live on ERI's Olympic Banking System.

Other fintech firms with a strong private banking and wealth management focus include Avaloq and Temenos, for example. In April, Asia-based Maybank Private Wealth implemented the Avalog Banking Suite from Switzerland-headquartered Avaloq, which works across the world with wealth management and other clients. The wealth management firm is part of the Maybank Group, headquartered in Kuala Lumpur, Malaysia. Meanwhile, Temenos in July announced it had won a contract with Standard Chartered. The bank will deploy Temenos’s WealthSuite wealth management solution. WealthSuite will be put to work in more than 30 markets. In July, Temenos launched its T24 core banking solution for Nippon Wealth, a newly-launched institution defined as a “restricted licence bank”.

(The author is a journalist based in Hong Kong.)