International Private Banking Systems, a provider of wealth management software, has announced that EUBK Stock House Corporation has gone live on its IPBS/Banking, IPBS/Investments and IPBS/e-Banking modules.
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, said International Private Banking Systems (IPBS).
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 entity’s cash and investment asset positions from a cash or portfolio perspective, added IPBS.
The broker also uses the IPBS/Investments module as a 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.
Bruce Raine, founder and president of IPBS, said: EUBK has invested in its private banking infrastructure to support all aspects of their business. Our local expertise combined with the proven IPBS software was essential in meeting the client requirements.
Indira Veitia, director of EUBK, said: We wanted best of breed products to support our new banking and trading offering. 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.