International Private Banking Systems (IPBS), the specialist provider of wealth management software for the private banking sector, today announced that Ansbacher (Bahamas) Limited, the specialist private bank, is live on the latest version of the IPBS system.
The bank has implemented a full suite of modules from IPBS including IPBS/Banking, IPBS/Investments, IPBS/Business Manager and IPBS/e-Banking.
It was critical that Ansbacher (Bahamas) Limited have effective systems to support their specialised private banking and wealth management services and the modular IPBS system met their needs closely. It was important to have a solution that integrated trust accounting and banking activities, along with investment, trading and settlement functionality. It has enabled them to improve operational efficiency, minimise risk and extend the range of services they offer, particularly around their e-banking platform.
Ansbacher (Bahamas) Limited delivers a personalised blend of wealth management services for the individual needs of both private and institutional clients. Following integration of the Sentinel Bank and Trust business, Ansbacher (Bahamas) Limited needed to update its legacy back office technology. After an evaluation of available systems, Ansbacher (Bahamas) Limited chose the IPBS private banking and wealth management platform.
The solution has been deployed in Ansbacher (Bahamas) Limited's operation. It ensures maximum efficiency and cost effective operations by taking a single source transaction to automatically update all positions across the enterprise. IPBS recently launched a fully upgraded e-banking module which supports a wider range of transaction types, greater security and allows Ansbacher (Bahamas) Limited's end clients to input orders which are held for review and authorisation under the 'four eyes' principle.
Bruce Raine, Founder and President of IPBS added, "I am delighted that a well respected company such as Ansbacher (Bahamas) Limited has chosen to deploy the IPBS system. I am looking forward to supporting the bank's on-going requirements as their business continues to grow and expand."