Africa-based Banco Quantumn Capital has implemented the Olympic banking software platform provided by ERI, the banking and wealth management technology firm.

Banco Quantum Capital is located in Luanda, Angola. It is a new bank aiming to provide private banking facilities in the southwest African nation, which is currently prospering due to its production of oil and diamonds, ERI said in a statement.

The first phase of the implementation, covering Cashiers, Safe Deposit Boxes, Payments, FX and Treasury has now gone live, and the bank will soon start on the next phase of the project which covers securities processing.

ERI operates financial centres including Amsterdam, Brussels, Geneva, London, Lugano, Luxembourg, Madrid, Milan, Monaco, Paris, Singapore and Zurich.