Sterling Bank & Trust (SBT) has signed up to use International Finance Systems' (iFinancial) BankWare as its core banking platform.
The new bank in the Bahamas will use the UK-based iFinancial's banking and anti-money laundering software.
SBT will take advantage of the multi-currency accounting, exposure management, current accounts (DDAs), deposits, loans, payments and SWIFT modules from the BankWare portfolio of retail and wholesale banking solutions.
The bank is developing its internet portal which will interact with BankWare.
“We are very pleased to have been chosen by SBT for the new operation and look forward to working with them,” said Matthew Day, sales director at iFinancial.
“BankWare is a very scalable product and will suit the needs and budget of the new operation from day one, but the bank can be confident that it will grow and expand as their business grows and expands.”
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