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GBST secures international Composer contract

Sydney, 5 September 2016 – Financial services technology firm GBST (ASX: GBT), which provides software for retail wealth and institutional markets through its GBST Composer, GBST Shares and GBST Syn~ platforms, today announced that it has secured a five-year contract to support an international client with its GBST Composer wealth management platform.

GBST will support this South African-owned retail investment business’ powerful consumer brand, assisting its plans to increase market share with differentiated product enhancements and digital innovations. GBST Composer will be provided under a software as a service (SaaS) model which enables rapid deployment, and will be customised and integrated with the business’ other platforms and enterprise applications.

GBST managing director, Robert DeDominicis, said: “This is a significant new contract with a protection brand leader which opens new markets for GBST. This deployment through a software as a service model will enable our client to increase brand awareness and manage administration at a low average price point, exploiting the flexibility and efficiency of GBST Composer’s digital platform.”

 

About GBST

GBST is a specialist financial technology company which provides administration and transaction processing solutions for retail wealth management organisations and global and regional investment banks. GBST’s software platforms support more than 7,000 investment options on a single wealth administration platform and connect capital markets in Australasia, Asia, Europe and North America.

Contact: Robert De Dominicis, Managing Director of GBST is quoted in this press release. For further questions, please email media@gbst.com

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