thewealthnet     About Us    |    FAQs    |    Contact Us
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Sun 15th Jul 2018  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
Offshore wealth management software provider teams up with cyber-security specialist
30/11/2017 , News Team

Bahamas-based International Private Banking Systems (IPBS), a wealth management and private banking software provider, has teamed up with cyber-security specialist Sequrest.

As a result of the partnership Sequrest will become the exclusive provider of end to end cyber security frameworks to the IPBS customer base in the Caribbean region and other offshore markets that IPBS serves.

“The Panama Papers was a result of a security breach and it is clear with the recent Paradise Papers that the industry has failed to learn the lessons of the past,” said Bruce Raine, founder and president of IPBS. “Given the nature of sensitive data that private banks and wealth managers have access to, it is imperative that institutions invest in providing robust cyber security defences. The number of threats is growing on a daily basis and this issue should be at the top of every C- level executive's agenda. There is already evidence of a cyber-security skills shortage in the industry which will ultimately hinder an institution’s ability to defend itself against external threats. By partnering with a specialist in cyber security, we can help organisations to focus on their core business secure in the knowledge that their infrastructure is protected to the highest standards.”

Sequrest offers a range of cyber security solutions including the facial recognition and biometric technology, encrypted communications and cyber intelligence and provides bespoke advisory protection available on an on-going basis according to each clients requirements and risk profile.

IPBS was founded in 1993 and its clients include Ansbacher (Bahamas), Butterfield Bank Bahamas and RBC Capital Markets.


Share with Linkedin Share with Twitter
Poor   Average   Good   Excellent
thewealthnet archives contain 49,636 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.


© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved