Media Releases

BT Financial Group partners with GBST’s Wealth Management division InfoComp for major IT integration

GBST’s industry leading servicing capabilities and technology assist BT Financial Group deliver revolutionary superannuation product to market.

Revolutionising the way investors interact and access their superannuation, BT Financial Group’s recently launched BT Super for Life offering used Composer and its Business Integration Services (CBIS) service-oriented architecture (SOA) layer to successfully integrate over 70 systems to deliver clients a one-stop web solution to meet their banking and superannuation needs.

BT Super for Life represents the beginning of an extensive partnership between the two organisations which sees BT transition its entire corporate superannuation book to GBST’s Composer platform in order to accommodate legislative change and drive efficiency throughout the organisation.

Chief Executive of GBST’s Wealth Management division InfoComp, Rob DeDominicis, said, "BT was looking for a software provider that allowed it to better service its investors and advisers. Composer provides BT the capability to run all retirement product lines on one system with seamless switching between products".

BT will also use the Composer Business Integration Server (CBIS). CBIS is InfoComp’s initiative in the adoption of service-oriented architecture (SOA). SOA transforms the IT assets of a business, making it possible to do more with less, and faster. CBIS is also STP enabled and provides for integration points with both Adviser front ends and web sites.

Mr DeDominicis said Composer’s SOA platform, along with Composer’s use of web services, were key to BT’s decision to partner with GBST.

"BT required a solution that would consolidate their legacy systems onto a single platform and offer support for business processes across its entire value chain," he said.

BT will begin the migration of its corporate superannuation back office to InfoComp’s Composer platform during this financial year.

BT’s Chief Information Officer, Tony Forward, said that over the next few years the integration project would see the consolidation of all super and pension products onto Composer and would enable the Group to improve customer service and achieve operating efficiencies by extending straight through processing from online services to product administration.

"We are also considering Composer for other product types," he said.

Composer’s other clients include Macquarie Bank, JPMorgan, Credit Suisse, Vanguard Investments, RBC Dexia, Asteron (Promina), OASIS Asset Management (owned by ING), BlackRock Investments, LM Investment Management, Fundhost and Abbey Bank.