EUBK Stock House Corporation Is Now Live On IPBS System

International Private Banking Systems, the specialist provider of wealth management software for the private banking sector, announced that EUBK Stock House Corporation (EUBK), a broker based in Panama, is now live on the IPBS Banking, IPBS Investments and IPBS e

By None

International Private Banking Systems, the specialist provider of wealth management software for the private banking sector, announced that EUBK Stock House Corporation (EUBK), a broker based in Panama, is now live on the IPBS/Banking, IPBS/Investments and IPBS/e-Banking modules.

“We wanted best of breed products to support our new banking and trading offering,” says Indira Veitia, director of EUBK Stock House Corporation. “The IPBS private banking system demonstrated great flexibility and its ability to meet our multi-lingual requirement for Japanese support was a key factor in our decision. We were pleased with how fast we went live thanks to the hard work of the IPBS team.”

To take advantage of this beneficial environment, EUBK has set up a new division to offer trading, banking and e-banking services. The IPBS/Banking module provides all of the operational functionality to manage traditional banking functions. Transactions are processed in real time and update all relevant accounting records and positions across the enterprise.IPBS has enhanced the multi-lingual capabilities of the IPBS/e-Banking module to provide Japanese language support. EUBK offers end clients, investment and financial advisors a secure, 24×7, real-time online view of an entitys cash and investment asset positions from a cash or portfolio perspective.

The broker also uses the IPBS/Investments module as a comprehensive platform for managing client investment assets from the initial portfolio allocation and structuring through to trade order placement, order dealing and trade settlement, thus maintaining high rates of Straight Through Processing (STP).

“EUBK has invested in its private banking infrastructure to support all aspects of their business,” says Bruce Raine, founder and pesident of IPBS. “Our local expertise combined with the proven IPBS software was essential in meeting the client requirements.”

“IPBS has a very positive reputation in the Panama market,” says Veitia. “We are confident we have selected a future proof system that will ensure we can manage our back office transaction processing efficiently and minimise our operational costs.”

D.C.

«