Ansbacher (Bahamas) Limited is live on IPBS private banking and wealth management system

Report by International Private Banking Systems

– Specialist private bank completes legacy migration to IPBS

Nassau, Bahamas, New York and London, 21st September, 2010 – International Private Banking Systems (IPBS, http://www.ipbs.com), the specialist provider of wealth management software for the private banking sector, today announced that Ansbacher (Bahamas) Restricted, the specialist private bank, is reside on the most recent version of the IPBS system. The bank has implemented a complete suite of modules from IPBS including IPBS/Banking, IPBS/Investments, IPBS/Organization Manager and IPBS/e-Banking.

It was crucial that Ansbacher (Bahamas) Limited have efficient systems to support their specialised private banking and wealth management solutions and the modular IPBS method met their desires closely. It was critical to have a resolution that integrated trust accounting and banking activities, along with investment, trading and settlement functionality. It has enabled them to enhance operational efficiency, minimise threat and extend the assortment of solutions they offer you, specifically around their e-banking platform.

Ansbacher (Bahamas) Restricted delivers a personalised blend of wealth management solutions for the individual needs of each private and institutional clientele. Following integration of the Sentinel Bank and Trust business, Ansbacher (Bahamas) Limited essential to update its legacy back office technological innovation. Right after an evaluation of available systems, Ansbacher (Bahamas) Restricted chose the IPBS private banking and wealth management platform.

The answer has been deployed in Ansbacher (Bahamas) Limited’s operation. It guarantees maximum efficiency and cost efficient operations by taking a single supply 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 kinds, greater security and allows Ansbacher (Bahamas) Limited’s end customers to input orders which are held for evaluation and authorisation under the ‘four eyes’ principle.

Bruce Raine, Founder and President of IPBS added, “I am delighted that a well respected business such as Ansbacher (Bahamas) Limited has chosen to deploy the IPBS technique. I am seeking forward to supporting the bank’s on-going requirements as their business continues to develop and expand.”

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