According to IPBS, 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, and it is already one of the most modern and successful international banking centers in Latin America.

Financial Pacific says that its aim is to provide the highest level of private banking services whilst achieving the highest standards in transparency, professional integrity and ethical values.

“We were aware of IPBS’s growing reputation in the regional market where they have established themselves as a key provider of private banking and wealth management solutions," announced Ivan Clare, General Manager and Executive Vice President, Financial Pacific. "When we researched the market, we received very positive recommendations that they were a credible and experienced company to work with."

“Once we had made the decision to proceed with IPBS, the speed with which we have gone live is testament to the quality of their solutions and also the team at IPBS," added Clare.

Bruce Raine, Founder and President of IPBS, commented: “The combination of our local market knowledge and high quality banking solutions mean that we are able to quickly bring benefits to banks, asset and fund managers looking to gain automation of key private banking and wealth management tasks."

“With Panama becoming one of the leading countries supporting international measures against money laundering and terrorist financial activities, we are able to support institutions looking for tighter regulatory and compliance controls, with our proven and cost effective solutions that deliver rapid benefits."

IPBS NEXGEN is a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by top tier financial institutions, international private banks, broker dealers, asset managers, trust companies, mutual fund administrators and other wealth management professionals.