Global Bank goes live with IPBS solution
Major Panama bank invests in proven solutions to support expansion in fast growing economy
May 22nd, 2006
Cayman Islands Bankers Conference, Grand Cayman– International Private Banking Systems (IPBS), the specialist provider of wealth management software for the private banking sector, today announced Global Bank Corporation, Panama is in production with IPBS/Investment Management, IPBS/Business Manager and IPBS/Private Banking. Plans are underway to implement further IPBS solutions over the next 2 to 3 months as the Bank rolls out additional IPBS solutions across the Treasury and Trust divisions.
Global Bank is the fourth largest local bank in Panama in terms of Total Assets and has a network of 26 regional branches across the country. Due to the fast growing economy, Global Bank has experienced a strong demand for new banking products and services as well as the need to provide fast and efficient service to their growing customer base. Through its wholly owned subsidiaries, Global Valores S.A. (Brokerage House) and Global Financial Fund (Trusts), Banca Privada (Private Banking), and Treasury Management users identified a need for improved internal systems and the IT infrastructure that would manage their needs today and into the future.
Key requirements for Global Bank were a flexible integrated multi-modular, affordable and scaleable suite of specialist software products that would fully integrate into the Banks business processes and help streamline their transaction processing and internal reporting. In addition, they were looking for a software provider who has experience in the region and a proven track record.
* “We recognized that the investment into a suite of solutions to support our business was necessary and to minimize risk for our business it was essential for us to be convinced our choice of software had to be from a company with local knowledge and expertise, backed up with strong international references. IPBS have provided us with the highest level of support and service and we are very pleased with the first phase of the rollout,” said Monica de Chapman, Vice President – Private Banking & Investment
“The implementation by Global Bank in Panama is an important new project for IPBS. We understand very well the demands in Panama where the economy is experiencing terrific growth which places extra burden on banking and investment systems. An investment in proven technology with an implementation team that can meet the demands of users is paramount and I am delighted that once again, IPBS has delivered,” comments Bruce Raine, Founder and President of IPBS.
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About International Private Banking Systems
International Private Banking Systems is a specialist provider of wealth management software for the private banking sector. The company began operations in 1993 and the flagship product is IPBS - a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by international private banks, trust companies, mutual fund administrators and wealth management professionals. International Private Banking Systems now serves clients across the globe, including the Bahamas, the Cayman Islands, the Turks & Caicos Islands, Bermuda, St. Vincent and the Grenadines, Barbados, Panama, Uruguay, Vanuatu and the United States.
For further information, please visit www.ipbs.com
About Global Bank Corporation
For further information, please visit http://www.globalbank.com.pa |
