Source: International Private Banking Systems
International Private Banking Systems, the specialist provider of wealth management software for the private banking sector, announced today that Dartley Bank and Trust is live on the latest version of the IPBS system.
Dartley focuses on providing investment and merchant banking services. From offices in Nassau, it has a broad client base spanning multiple continents. The bank originally ran accounting and record keeping using a number of different systems and is now live on the IPBS system which provides all of the operational functionality to carry out the traditional banking functions of a private bank.
Dartley has five staff that use the IPBS system on a daily basis to manage and administer investments for the bank as well as for external clients. Transactions are processed in real time and update all relevant accounting records and positions across the bank. This enables Dartley to efficiently execute client instructions secure in the knowledge that all of the required record keeping and transaction management is automatically and accurately performed.
During implementation of the latest version of the system, IPBS consultants worked closely with Dartley and William E. Whitaker, Managing Director of Dartley Bank and Trust has high praise, "It was important to have access to local resources and experts who understand the nature of the market that we operate in, our business requirements and challenges. The IPBS team is responsive and they have extensive banking, business and technology experience."
IPBS provides a data back up facility and DR procedures are tested quarterly. IPBS has also replicated the Dartley environment at its own headquarters. In the event of a disaster that rules out using Dartley's premises, client data is protected and the bank can get up and running again in the shortest period of time.
Bruce Raine, Founder and President of IPBS commented, "Dartley are a well established bank with a reputation for providing service and quality to its clients. By investing in its back office infrastructure and disaster recovery, Dartley is well positioned to continue its business success and growth."
Whitaker concludes, "We are very pleased with the investment that we have made in the IPBS system. We appreciate working with a company that is, like ourselves, highly client focused. Additionally Bruce and his team have provided a friendly and knowledgeable service, all of which ensures that we can deliver competitive services for our clients."