A bank operating in the Caribbean has gone live with a new suite of fintech offerings.

British Caribbean Bank has gone live with its use of International Private Banking Systems, a specialist provider of wealth management software.

The bank is based in the Turks and Caicos Islands, specialising in large infrastructure project financing in the hotel and tourism management sector and provides private banking services to individual clients, the fintech firm said in a statement.

Five systems from IPBS are now in use at the bank:

IPBS/Banking enables BCB to manage all of the traditional banking functions of a private bank. Transactions are processed in real-time and supply updated accounting records across the enterprise;

IPBS/eBanking provides the continuous online access requirements needed for high net worth clients, who now have access to richer transactional detail;

 IPBS/Business Manager allows full compliance with the latest know your customer and anti-money laundering regulations;

IPBS/Mortgage lending supports the delivery of a range of short-term mortgage loans and long-term commercial mortgage loans.

IPBS/SWIFT Payments enables seamless single payment transfers with full approval and release workflow for real-time international payments. Manual SWIFT payments are also supported via the IPBS/eBanking module.

The fintech firm serves a number of banks including those in the Caribbean. Its clients are based in jurisdictions such as the Bahamas, Barbados, Bermuda, Brazil, the Cayman Islands, Hong Kong, Jamaica, Panama, Trinidad and Tobago, the Turks & Caicos Islands, the US and Vanuatu.