International Private Banking Systems
6 Case Studies
Case Study: British Caribbean Bank achieves enhanced customer service and improved compliance with International Private Banking Systems (IPBS)
A International Private Banking Systems Case Study
British Caribbean Bank enhances customer service and improves compliance with IPBS private banking and wealth management system
British Caribbean Bank, based in the Turks and Caicos Islands, needed to replace a restrictive, partially outsourced legacy system that hindered e-banking, bank statement functionality, compliance data access and timely IT support. After an internal restructure the bank selected International Private Banking Systems' modular private banking and wealth management solution (IPBS) to insource IT and modernize its operations.
International Private Banking Systems implemented five IPBS modules (IPBS/Banking, IPBS/eBanking, IPBS/Business Manager, IPBS/Mortgage Lending and IPBS/SWIFT Payments) and went live in just 90 days. The deployment delivered real-time transaction processing, richer e-banking for high‑net‑worth clients, full KYC/AML compliance capability, improved straight‑through processing and the ability to adjust entries retrospectively — delivering increased operational efficiency, better supplier support and a rapid ROI for British Caribbean Bank.
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British Caribbean Bank
Stewart Howard
Managing Director