**International Private Banking Systems**, 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 says, *“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.”*
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.
Mr. 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.”*