Q1 2016 - Making Financial Institutions Profitably Efficient Worldwide

Q1 2016 Edition

Dear Reader,

First of all, a Happy New Year to you. We hope you thoroughly enjoyed the Holidays and are off to a very productive start of 2016. 

2015 was a year full of excitement for IBIS Management. We established successful relationships across the globe, on-boarded new clients reaching from the Caribbean to Europe, and won the 2015 Innovations award for developing FUZE, the Global Payment Platform for Trust companies. 

Along with these accomplishments, we gave back to the community with "Inspiring Growth" sessions for local entreprenuers as well as generous Christmas donations to local and regional families, kids and non-profit organizations. The year culminated with a perfect ending as we celebrated all our achievements at our 15th Anniversary Celebration in November. We thank those of you who were able to attend.

With all these achievements and celebrations behind us. We have already hit the ground running, developing new solutions for our clients to help ensure operational excellence and back-office efficiencies. Smaller banks and trust companies, please be on the lookout for our new Hosted solutions such as Internet Banking, Regulatory reporting system and a Lighter version of our Payment platform for Trust companies.

Also expect regional workshops and seminars to guide Financial Institutions in ensuring compliance with Global banking standards. The first Seminar on Regulatory Reporting will take place the end of February in Trinidad & Tobago. 

In this edition of IBIS Insights, we will share news from regional Central Banks, some of our accomplishments, as well as images and videos of 2015. 

We are also very pleased to announce that our new website www.ibis-management.com has gone live and will continuously be updated with fresh news and information to keep you abreast of our developments as well as relevant industry news. 

As mentioned in the previous edition, should you have an idea for a topic, a success story or upcoming event to share, send us your details so we can help support each other and grow together!

Enjoy your readings.

Germaine Gibbs

VP Business Development and Marketing

CBOT&T Annouces Basel Deadline

On December 10th 2015, The Central Bank of Trinidad and Tobago announced its deep concern for the Basel II readiness of the Financial sector in Trinidad & Tobago.

According to the latest update of The Central Bank, The financial sector has to comply with Basel II requirements by July 2017. 

In addition a detailed plan of action containing the items listed below needs to be turned in to the Central Bank by January 31st 2016.

i. Data Collection and Classification;

ii. Information Technology Architectural Design;

iii. Data Mapping; and

iv. Validation (Institutions are encouraged to use the Template validation rules provided to assist in this area).


IBIS Management Associates has been assisting regional banks with the preparation, planning and implementation of Basel II and III for several years and will be traveling to Port of Spain the week of January 26th to discuss the Basel blueprint with several Financial Institutions.

Read more on CBOT&T

Central Bank of Belize modernizing Payment system

The Central Bank of Belize has been involved in various reform activities to ensure Global Standards are met. Belize will soon undergo a change in its financial infrastructure, related to the implementation of a modern payment system as recommended through a World Bank Assessment.

With such changes, commercial banks will be connected through an Automated Clearing House (ACH), relieving financial institutions, for example, of manual and error-prone check processing that normally take 3-7 days clearing.

To assist the banks in Belize in the transition process, IBIS Management offers key ACH solutions along with its Payment Processing platform, Alchemy.

The Alchemy Payment Processing Platform is a powerful state-of-the-art payment workflow managing system enabling financial institutions to become ‘profitably efficient’ in the arena of domestic and international payment processing.

The system is designed to process payment from any source and to interface with a number other systems (E.G. SWIFT, RTGS, & ACH). The processing of the payment is executed through a single one-window payment screen that supports all payment types for both manual and automated payments. 

Read more on CBB

IBIS Management wins Curaçao Innovation Award 2015

On November 22nd, 2015, IBIS Management was recognized as the most Innovative company in Curaçao based on its latest innovation, FUZE Global Payment.

IBIS Management is paving the way for Trust companies to increase efficiencies, lower costs and deliver technologically advanced service to their customers. 

Fuze is a payment processing solution that helps Trust companies automate their payment systems and cut the time to process these payments from 20-30 minutes down to 2-3 minutes. This platform is revolutionary as it is recognized by the major players to be ahead of the game, solving existing issues and concerns faced by the industry.

Fuze clients reach from large Trust companies in Curaçao to the largest in the Industry located in the Netherlands and Luxembourg. And now, the company is getting traction in Asia with demand from Singapore and Hong Kong.

Receiving this award was enormous internal celebration and accomplishment along with a reflection of the hard work from each of IBIS Management’s team member puts into their job.

Click here for a FUZE Demo
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Prepared for Basel II and III ?

Our proven solution, customized for your jurisdiction will help you get a Green Light from your Central Bank. Contact us now for more information or to set up a Demo.

Click here for a Demo

Basel Implementation Awareness Seminar

IBIS Management Associates in collaboration with CARICRIS will be holding a Basel Awareness seminar in Trinidad and Tobago the end of February. This session will be lead by our Regulatory Reporting and Basel expert, Mr. Arthur Dania, who will take Financial Institutions through the Blueprint for successful Basel II & III implementation. More information will follow. Should you have any questions, please contact us. 

2016 CAB Conference will take place in Curaçao

Caribbean Association of Banks (CAB) has announced that the next conference location will be in IBIS Management's backyard, Curaçao - Dutch Caribbean. The date has been tentatively planned for November 16th through November 19th, so be sure to mark your calendar. The preparations are underway to make it a successful event. More details will follow in the upcoming months. For more information, click here for the CAB website. 

Previous Events

2015 Alchemy and SWISSRoute User Group Meeting

The 2015 Alchemy and SWISSRoute User Group Meeting was held the week of November 24th. Our banking experts presented key information to help Alchemy and SWISSRoute users make full and better use of the platform and its various modules. 

After the first session, a Client Appreciation evening was held where the following awards were presented :

Alchemy Most Innovative Award 2015: Commonwealth Bank Limited and IBL Bank Ltd.

Alchemy High Volume Award 2015: Bank of Saint Lucia

Alchemy Knowledge Award 2015: FinaBank N.V.

On Alchemy Connect - Alchemy Longest Client Award 2015: Girobank N.V.

SWISSRoute Longest Client Award 2015: Surichange Bank N.V

Newest Client Award 2015: Surinaamse Postspaarbank N.V.

Partner Award: Entrust Datacard. In appreciation of our 8-year partnership.

Partner Award: D+H  - In appreciation of our 10-year partnership.


The next UGM will be held in the Bahamas in 2017, with Commonwealth Bank as the lead of the local organizing committee.  

15th Anniversary Celebration

The UGM culminated with our 15th Anniversary Celebration when conference attendees joined IBIS Staff, friends and family as well as other clients in an unforgettable event. With the theme "expect the unexpected," we wowed our guests with incredible entertainment and performances. Click on the video link to see a highlight of the party.

IBIS Management gives back

Every year, IBIS Management gives back to its community and that of its clients. A percentage of the Maintenance and Support revenues  received from clients is deposited into the "Banks for Kids" fund for end-of-year donations and gifts to children, families and non-profit organizations. This image shows staff members that have taken the time to deliver Christmas gift baskets the week before Christmas.

Contact us for more information
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