GBST (ASX:GBT), the ASX-listed wealth management and broking technology specialist, last night was awarded the hotly-contested Best use of platform technology award at the 2013 Aberdeen Asset Management Platform Awards. This is the second year in a row that GBST has been recognised for its superior technology, having last year won in the Best Software category.
The Best use of platform technology is awarded to companies who have shown outstanding innovation in technology and service in the UK Platform market.
The shortlist for the award was impressive, with the judges selecting GBST and Aegon. On announcing the award the judges said: “There are two winners in this category. The awards go to the platform and technology/software provider, the partnership that was deemed to have delivered the most successful new platform technology project in the last 12 months. The judges looked for a successful technology project that delivered a transformation to the platform provider, ideally a radical proposition.
“The winners demonstrated speed to market, a radical proposition on existing technology, the employment of a number of contributing partners, and sales momentum.”
This award recognised innovation and partnership between a technology supplier and a client. GBST and Aegon have been recognised for implementing market leading technology that integrates workplace and at-retirement solutions. This UK first allows investors to accumulate wealth as part of their employers’ scheme, or as an individual, and then decumulate throughout retirement on the same platform.
Commenting, Rob DeDominicis, CEO of GBST Wealth Management said, “Our Composer software has been recognised at the Aberdeen Asset Management Platform awards for the second year in a row. That’s a remarkable achievement. It endorses our leading technology and innovation we’ve brought to the UK market and it’s a tremendous vote of confidence in what our team has achieved working in partnership with Aegon UK and other clients. Whether it be cost, service, innovation, expectation management or development time, we’re out-pacing the competition at every turn.
“The message is clear that our Composer software is the best by whatever means you choose to measure it and GBST Wealth Management is at the forefront of innovation in the platform market.
“We’d also like to congratulate our clients, AJ Bell, who won the top spot in the category of leading platform-enabled retirement proposition and Aegon who won Best new platform.”