IPBS Celebrates 15 Years Of Successfully Supplying Private Banking And Wealth Management Solutions
Nassau, Bahamas, New York and London, 8th January, 2008 – International Private Banking Systems (IPBS, www.ipbs.com), the specialist provider of wealth management software for the private banking sector, today announced it had reached the significant milestone of its 15th successful year in business. The company which started trading in 1993 has grown into an established and reputable supplier of private banking and wealth management solutions for the offshore banking market.

The economic and financial importance of the offshore market has increased considerably in recent years.  International Financial Services has now become a mainstream part of the international banking scene.  However, the region has to cope with global regulatory pressures that have put a new spotlight on compliance and reporting requirements.  This has led to financial institutions coming under greater scrutiny from Anti Money Laundering (AML) and Know Your Customer (KYC) initiatives.

It is in this evolving and challenging environment that IPBS has thrived and expanded.  Commenting on the company’s success, Bruce Raine, Founder and President of IPBS said, “IPBS has consistently focused on providing clients with first class private banking and wealth management solutions backed up by an experienced professional services and support team.  We are proud to have built enduring relationships with customers from our early days who are still enjoying and gaining maximum value and return from their investments today.”

Speaking about their long history of working with IPBS, Dennis Hunter, Managing Director of Queensgate Bank & Trust, said, “We would like to congratulate IPBS as they celebrate 15 years in business, an important milestone for any company.  Throughout our long association with IPBS we have been impressed with the quality of their private banking and wealth management solutions.  IPBS has kept pace with the changing needs of the market and in this way they continue to serve Queensgate and its clients well.”

Another long term customer, Anton Faessler, Managing Director of Turks and Caicos Bank commented, “As one of the first IPBS clients, we are delighted to see the company achieve their 15 year anniversary.  It’s a testament to Bruce and the IPBS team who are recognized for providing high quality solutions backed up by friendly and knowledgeable staff.  IPBS plays an important role in enabling the bank to deliver quality services to our clients and therefore help us realize maximum value from our technology investment.”

Raine concludes, “Our solutions were designed to scale up as organizational needs grow and we have therefore kept pace with our customers’ changing needs.  We have built a solid foundation of diverse clients and 2008 promises to be an exciting year.  We will be announcing several high profile new customers along with the expansion of many of our existing client relationships.”

IPBS has a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by financial institutions, international private banks, trust companies, mutual fund administrators, wealth management professionals and investment and asset managers.  The IPBS modules will operate effectively stand alone or can be integrated where a more comprehensive solution is required.