Axis Bank of India has chosen ERI’s OLYMPIC Banking System to support its Private Banking & Wealth Management business, starting with a booking centre in Singapore.

The OLYMPIC Banking System will be used by Axis Bank's Singapore unit to support its proposed wealth management and private banking offering to NRI and other clients both out of Singapore and from its offices in Dubai.

The bank says that the facility will soon be available in Hong Kong as well, subject to approval from the regulators. The application will ensure that the Bank has an integrated, front-to-back real time system to support the products and services that it will offer to its clients, including internet access and advanced portfolio management services.

Axis plans to offer both discretionary and advisory portfolio management services utilising the OLYMPIC Banking System and its associated modules.