Eastern Caribbean Central Bank embarks on tech overhaul

India-based core banking software specialist JMR Infotech has won a project to modernise the enterprise and banking technology platforms at the Eastern Caribbean Central Bank (ECCB).

The deal was won in partnership with IT Outsource, a tech consultancy and managed services provider in the Caribbean.

ECCB is the central bank for the Eastern Caribbean dollar and is the monetary authority for the members of the Organisation of Eastern Caribbean States (OECS) – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and The Grenadines.

The bank’s head office is in Saint Kitts.

“This project is aimed at helping the bank strengthen its efforts to maintain financial sector stability and build deeper relationships with constituents,” JMR Infotech says.

ECCB’s legacy core banking software is supplied by Temenos. The bank has been using it for over 15 years, FinTech Futures understands.