Jamaica's securities dealer BCW Capital has selected and licensed to deploy IPBS's suite of private banking and wealth management system modules, as part of its expansion strategy and to support operational requirements.
The modular system consists of IPBS/Business Manager, IPBS/Private Banking, IPBS/Investments & Safe Custody, Mutual Funds and Share Registry and IPBS/eBanking.
The systems have been developed to offer optimum automation and operational efficiency in addition to enabling full compliance with the anti-money laundering (AML) and Know Your Customer (KYC) requirements.
IPBS founder and president Bruce Raine said it would be vital for any new start ups to have modern technology that can support their businesses, as it improves service delivery and competitiveness.
BCW Capital was set up in December 2011 to offer banking and wealth management services to institutional and high net worth clients in Jamaica and the Caribbean.
IPBS serves international private banks, trust companies, mutual fund administrators and wealth management professionals across the globe, including the Bahamas, Barbados, Bermuda, Brazil, the Cayman Islands, Hong Kong, Jamaica, Panama, Trinidad and Tobago, the Turks & Caicos Islands, the US and Vanuatu.