Global financial technology provider GBST has released functionality in its Composer wealth administration platform to enable clients to meet the Australian Government’s new Early Access to Super legislation in response to the COVID-19 pandemic.
GBST’s superannuation clients supporting more than two million members, are now able to bulk process payments for members facing financial hardship due to COVID-19.
Robert DeDominicis, GBST CEO, commented:
“So many Australians are struggling at the moment and we are proud to be able to play our part in helping them access much-needed funds.”
“Our Composer team worked extremely hard to get this functionality up and running quickly in a very tight timeframe. Allowing clients to process these payments in bulk will reduce the administrative burden on them so they can focus on helping their members through these challenging times.”