Products

OLY-CIS Compliance Information System

As a result of market globalisation and on-going automation oftransactions, risks of money laundering risks have increased to such an extent, that traditional control mechanisms are no longer sufficient to ensure full compliance of financial institutions with current regulations. Most European countries and the United-States have adopted or are in the process of adopting new regulations requiring that financial institutions set up systems for a better control of clients and transactions. Whatever legal form is given to the regulations enforced by each country in order to fight efficiently against money laundering and fraud, the functional framework of application is based on three complementary objectives : . KYC – Know Your Customers . KYT – Know Your Transactions . KYP – Know Your Processes ERI has designed OLY-CIS as a coherent global solution, which not only covers the three objectives mentioned above but also offers the possibility of using at a later date, for marketing purposes, the new additional client data thus obtained. This innovating approach gives an edge to the ERI solution as it provides a real “compliance information system”.

---

OLY-IFRS International Financial Reporting Standards

On 7 June 2002, the European Council adopted a regulation imposing on all listed companies the obligation to present their consolidated accounts according to international accounting standards. The disclosure of these accounts in conformity with the IFRS / IAS standards will become compulsory from 31 December 2005, with the option of a delayed implementation until 2007 for companies already presenting their accounts according to the US GAAP standards. However, in order to be able to present their accounts in conformity with these standards, companies will have to draw up an IFRS / IAS balance sheet from 2004 so as to have the necessary comparative data available. OLY-IFRS provides new programs and files aimed at integratingthe new methods of measurement attached to the IFRS / IAS

---

OLY-ODS Olympic Data Stream

OLY-ODS is an open plat-form, specially developed for extracting data from the OLYMPIC Banking System. It is the answer to a company’s need for information to be available to multiple systems running on multiple platforms. This product is the fast, simple and userfriendly answer whenever you need to extract, transform and load (ETL) data from the OLYMPIC data base. OLY-ODS can be used in a variety of situations: to feed a datawarehouse, to generate specific statements, to set up warning systems using OLY-ODS Real Time functionality, etc… OLY-ODS automatic processing greatly facilitates the export of data by simplifying the process and eliminating a number of the operations usually required. OLY-ODS therefore becomes an indispensable organisational tool when looking to optimise internal data flows. The purpose of OLY-ODS is to ensure the safe transfer of large amounts of data whilst guaranteeing its integrity. The data is transported via IBM WebSphere MQ. Because this «Message Oriented Middleware» forms an integral part of the OLY-ODS architecture, the integrity of the transferred data can be guaranteed, the load-balancing can be optimised, the data recovery is assured and the time needed to integrate third-party systems is significantly reduced.

For all other product sheets, click here