Butterfield Bank Limited Chooses International Private Banking Systems' Business Manager For Regulatory And Compliance Responsibilities

Butterfield Bank Limited has chosen the International Private Banking Systems' IPBS Business Manager for regulatory and compliance responsibilities. Management of risk and best practice conformity with worldwide financial regulations led the bank to look at implementing a new system with

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Butterfield Bank Limited has chosen the International Private Banking Systems’ IPBS/Business Manager for regulatory and compliance responsibilities.

Management of risk and best practice conformity with worldwide financial regulations led the bank to look at implementing a new system with stringent compliance controls, particularly with regards to Know Your Customer and Anti-Money Laundering regulations.

This comes just a few weeks after Panamanian asset manager Financial Pacific Inc. went live on the IPBS/Business Manager, IPBS Investment Management, ebanking and etrading solutions in Panama.

The Panamanian market is growing rapidly in terms of economic and financial importance, as the region positions itself as a key gateway to North America and Europe. It is already one of the most modern and successful international banking centers in Latin America.

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