About ETT

Founded in 2006, the ETT software was initially created for a Swedish Credit Union that needed a system to manage member accounts, handle international payments and foreign exchange transactions. Later that year, the software was adapted for a small bank in Cyprus that wanted to launch an online system to handle international transactions, foreign exchange and link into the SWIFT network.

Over the next 15 years, the software developed and has grown substantially to what is now a complete transactional banking system. A number of clients from all over the world; South America, Europe, the US, and Asia use our software; this means that it has been developed to handle global compliance requirements, and in particular the management of international money transmission across different banking networks.

The software has been connected to a number of correspondent banks via API in response to our clients’ requirements, including dynamic IBANs, FX management and international payments. With the rise of cryptocurrency in 2009 it was connected to several Bitcoin exchanges. It has also been developed to integrate with all types of debit card programs. In 2021 it was connected directly to the bitcoin blockchain for the first time, giving clients enormous flexibility to deal in cryptocurrency and fiat.



The long term success of our clients demonstrates that ETT banking software knows what it is doing, how it is doing it and why it does it that way.

The story of ETT started in Luxembourg in 2006 when three business associates met to discuss a perceived gap in the market for international on-line funds transfer software for small Credit Unions that would operate in a specific and compliant manner. Out of that meeting of minds was born Epsilon Group which was initially based in Latvia and, after a short while in Panama and various changes in shareholding returned to Luxembourg as Epsilon Technologies SA in 2009. The actual writing of the software has always been done in Mauritius whilst project management has been led from Luxembourg, Amsterdam, London, Paris, Warsaw or Atlanta.

The company was moved to Mauritius in 2012 and the name was changed to ETT to avoid confusion with other companies using the name Epsilon. So now the intellectual property rights and product development are all within the same jurisdiction. Our clients are still all over the world as are the partners and associates that are client facing.

The first installation of what was then Epsilon software in early 2006 was in a Swedish Credit Union followed soon after by a second version for a small commercial bank in Cyprus, where the software was used as an interface into their SWIFT system and to allow on-line access to its international clients. Since then the software has been installed in various small financial institutions throughout the world wherever there is an emphasis on international payments and foreign exchange.

Words of success

The long term success of our clients demonstrates that ETT banking software knows what it is doing, how it is doing it and why it does it that way.

Our Executive Team

We are a team of self-motivated people with a strong work ethic. We are all international by nature and used to working in a international environment across different cultures. We have been working together for over 13 years, and this has helped us to build trust and confidence in each other.

Enrique Terol Navarro

Managing Director, based in Figueres, Spain

Enrique is a senior manager with experience in international banking and corporate services and has been involved with the company’s software for over 10 years. On a day-to – day basis he manages the accounting, finance and administrative functions of the company and is ultimately responsible for all contractual matters

He speaks and writes in french and spanish.

Sander Kruger

Technical Director – based in Amsterdam

Sander is responsible for product design, project management and strategy and client specifications. He has been involved with ETT’s software since its initial installations in 2006. His innovative nature and strong understanding of the banking industry make him an invaluable asset to our business.

He speaks and writes in Dutch, English, French, and German.

Azhar Ramdianee

Development Director – based in Mauritius

Azhar has been involved with ETT’s software for over 14 years and manages our team of developers in Mauritius. He is responsible for client support during and after installation and also for software integrity and security.


He speaks and writes English, French, and Hindi.

Dan Barrs

Business Development Manager – based in the UK

Dan is responsible for qualifying leads from marketing campaigns as sales opportunities and managing Social Media strategy. He is an expert in marketing and holds a degree in Business Administration.

He speaks and writes in English and French.