Gibraltar Savings Bank selects iFinancial
Gibraltar Savings Bank (GSB), Gibraltar’s Government owned specialist savings bank, has selected International Financial Systems to implement its new core banking system, Internet Banking and Anti Money Laundering systems into the bank. iFinancial’s BankWare, iBank and AMLtrac will be installed to replace GSB’s current in house solutions.
Gibraltar Savings Bank is a government bank that has offered savings products to the population of Gibraltar for over 100 years and is steeped in tradition. The bank however required a modern, flexible and cost effective banking solution from an innovative supplier with whom to work. GSB needed to find the right partners for this project, as it is a partnership that has great importance to the population of Gibraltar both young and old alike. They needed to company who could bring something to the table in terms of both knowledge and flexibility plus and give security in respect of AML.
BankWare will enable GSB to launch new products quickly and make them available across multiple distribution channels. Debit cards are a planned launch to provide an increased level of access to bank customers. Comprehensive internet banking functionality will provide GSB customers with access to all of their accounts at the bank as well as the ability to initiate payments and transfers.
“We are thrilled that Gibraltar Savings Bank has chosen to implement our solutions,” said Terry Day Managing Director. “BankWare, iBank and AMLtrac are fantastic solutions for GSB and all small and mid-sized banks worldwide that are searching for credible alternatives to legacy systems, especially those banks being offered expensive upgrades. We are working in close partnership with the GSB team to ensure their success.”