International Private Banking Systems, the Bahamas-based provider of private banking technology, has launched an enhanced version of its e-Banking module which supports a wider range of transactions types and features revamped online reporting capabilities.

The enhancements to the system mean that transactions may be entered by users and then held for review and authorisation to give greater security. All orders are also interfaced with back-office systems for updating and additional users sent alerts to ensure orders are acted on. This, IPBS says, minimises manual intervention and increases straight-through processing.

In another time-saving move, the new e-Banking module features templates that can be stored for different types of transactions – thereby cutting down the effort required to perform similar tasks in future. The system’s range of transaction types has also been expanded to support payments (in SWIFT-ready formats), FX, deposits and securities trades.

Additionally, IPBS has made a number of improvements to the module’s reporting functionality in order to give users greater visibility and control over their portfolios. A wide range of reports has also been made available which can be downloaded to other software, such as Excel.

In terms of security upgrades, the new enhanced e-Banking system features a virtual keyboard which prevents cyber-criminals from “spying” on key-clicks and breaching password privacy.

“We have invested a significant amount of development work into the new e-Banking module. The e-Banking module enables our customers to offer their end-clients a more functionally-rich online banking platform that supports a wider range of transaction capabilities. The reaction from the market has been extremely positive and we are already working on client implementations,” said Bruce Raine, founder and president of IPBS.