Mundial Asset Management has gone live with International Private Banking Systems’ (IPBS) fully integrated client portfolio management, KYC and compliance solution. The IPBS solution is built on the Microsoft .NET platform.
IPBS will implement three key products from their specialized portfolio to meet the demands of Mundial, namely IPBS/Investments, IPBS/Compliance Manager and IPBS/Remote Client Access. The combination of the products creates a streamlined, automated process with full STP (Straight Through Processing) capabilities, IPBS said in a news release.
Mundial Asset Management, based in Panama, selected the IPBS due to the need for a completely integrated system to ensure they meet the stringent Panamanian regulatory requirements for KYC and AML. At the same time they wanted to ensure their client portfolio management systems were maintaining a level of sophistication that would deliver the very best of client service and enable them to operate efficiently in a multi-lingual capacity using web based technology.