International Private Banking Systems joins forces with eShore

International Private Banking Systems has teamed up with eShore to market and sell its flagship product IPBS system

International Private Banking Systems, a wealth management technology provider for the private banking sector, has teamed up with Cayman-based IT service provider eShore to market and sell its flagship product IPBS system in various international offshore financial centres.

IPBS, which is an integrated accounting and management information system, offers front, middle and back office support services needed by international private banks, trust companies, mutual fund administrators as well as wealth managers.

Under the partnership deal, eShore will market and sell the IPBS system in various financially regulated offshore jurisdictions such as Antigua, Bahamas, Barbados, Bermuda, British Virgin Islands, Cayman, Jamaica, Trinidad, Channel Islands, Mauritius, Turks and Caicos and St. Lucia.

IPBS founder and president Bruce Raine said: “eShore provides access to robust and secure, certified data centers which means we can offer cloud based solutions with confidence that meet the stringent audit standards required by our clients. The partnership with eShore will allow us to tap into their expertise and presence whilst opening up new markets with their proven sales expertise.”

eShore managing director Polly Pickering added: “Private banking systems are a core application and therefore need a high level of security to minimise operational risk. IPBS has a strong market reputation as a boutique provider offering a responsive client-focused service.

“Our clients rely on eShore for critical IT systems and IPBS met our very high standards for functionality, automation and resilience. Additionally, the platform offers a rapid ROI which is good news for the client and for us as a supplier.”