IPBS - 2026 Pricing, Features, Reviews & Alternatives

The benefits of an IPBS platform are that it has been developed to provide all of the features needed by the Wealth Management Industry. The IPBS platform is modular and users may license just one or two of the required modules to get started, and other modules may be added when those business lines are opened up. Typiceally a "Bank and Trust" license is obtained from the regulator in the jurisdiction and these would be the initial modules to be implemented first. One of the huge benefits of the IPBS platform in a bank and trust combination is what we call "Mirror Accounting". When any transaction is posted in the banks general ledger that is related to a Trust or Company ledger, the user has the opportunity to code the expense or payable side of the entry in the client ledger. De facto the system will create the counterparty client ledger cash movement record in the client ledger. This ensures automatic reconciliation of bank and client records and all other aspects are the same for the bank as for the client.
Following Banking and Trust Administration clients will likely be interested in investing in the stock and bond markets and the provider will need a platform that can manage the trade orders and settlements as well as safe custody of the investments. The IPBS system is able to track forcast and process dividends and interest.
The IPBS accounting design has been geared to allow almost all processes to be automated in an artificially intelligent manner. Client investments are maintained in accounts that are unique to the instrument asset class. Bond, Equity, Fund etc. Linked to the account as a sub account is the unique identifier of the investments asset. Linked to identifier is the Depository identifier of where the asset will be held in custody. These key informants are allocated at the time the trade is booked into the system. If accrued interest is purchased with the investment it is carried in a different account but has the same accounting structure. The accrual also carries the nominal value of the investment which allows a pro-rata reduction should all or any part of the position be subsequently sold. This structure also allows the system to anticipate the income that will be expected and allows a pro-forma income transaction to be created for all holders of the investment at the depository. A process is then run to calculate the total nominal quantity held at the depository and if this is in agreement with the depository count, the system will then process the income transactions to each client ledger as well as the segregated cash for the clients account with the bank. Withholding tax can be calculated and posted if required or a simple posting of net income received can be booked.
While the Registrar and Transfer module does not offer "Mirror Accounting" with the Bank module, the Bank module can use Standing Orders to process and distribute periodic cash subecriptions to one or more of the In house Funds, with debits to client cash accounts with the Bank being credited to the Funds account with the bank. Similarly, following the Funds Cash Sweep to Fund Units, the system automatically posts a buy or sell transaction to the Shareholder Portfolio. Clients of the Bank are also Clients in the Investment and Portfolio Group as well as clients of the Trust and Client Accounting Group and are also shareholders in the In-House Funds. In house Funds can be stand alone funds or participants in complex structures of Master Feeder Funds.
One of the significant benefits to be derived from the IPBS platform is that everything that is done, is done in true real time. A client of a Bank or Asset Manager may place an order to buy or sell a Security, convert some currency, place a fixed deposit or request a payment to a third party. The order goes into the appropriate back- office group who take control of the request and as soon as the transaction is done the end client will see it in their Portfolio.