Sydney December 2017 — Leading Australian Software company, GBST, today announced the development of a new breed of retail software solutions that give superannuation funds a more secure, client-oriented system for engaging investors online.
The software, to be released early in 2018, is designed to help superannuation funds meet the needs of millennial investors who want more control of their own investments and who are looking for a more varied range of asset classes, with broader risk ratings, to invest in.
By integrating GBST’s Digital skillset (EMU Design) with its API rich registry capability and finally its SuperStream Gateway, GBST can provide a full solution for new age superannuation funds.
GBST Head of Asia Pacific, Denis Orrock, said the latest release focused on GBST’s recognised capabilities in ATO and ASIC compliance requirements.
He said GBST’s proven connectivity capability demonstrates its ability to combine different functions to provide bespoke solutions for its clients.
“The interface gives superannuation funds access to GBST’s EMU Design User Interface (UI) skills which focus on the user experience to build a bespoke public and logged in state for our clients,” Mr Orrock said.
“This creates an online, straight-through joining process with no paperwork, which includes a two-factor authentication. With seamless integration to the GBST Superstream gateway clients can help their members find their supernnuation, consolidate it into one fund and receive ongoing contributions electronically.
By linking this with GBST’s web services within our award-winning Composer system we will be able to offer a seamless experience to our clients.”
Mr Orrock said GBST’s software provides its superannuation clients with access to its Business Intelligence Reporting tools so they can generate communications to their clients in their preferred format, including text and PDF.
“By managing and hosting all this on GBST infrastructure, we will be taking responsibility for the digital administration, leaving our clients to focus on product design, pricing and distribution,” Mr Orrock said.
“Superannuation clients have told us that online investment vehicles have grown during the past few years to the point where online now has a stronger member engagement, especially among millennial investors who are starting to take more interest in their investments.
“We are experiencing a surge in new superannuation funds being launched into the market, this release demonstrates that GBST has all of the capability required to help with this growing market segment.”
“Investors are looking for increased mobile accessibility and want their sign-up process to be fully digital. Superannuation funds are looking for ways to provide this while ensuring that they remain compliant. The GBST solution will marry both the ease of access and compliance with regulatory requirements – delivering a significant improvement in service for both our clients and their investors,” Mr Orrock said.
GBST is a specialist financial technology company which provides administration and transaction processing software for retail wealth management organisations and global and regional investment banks. Founded in 1983, GBST is listed on the Australian Securities Exchange under ASX ticker code GBT.
Denis Orrock | Head of Asia Pacific | GBST
D: +61 2 9253 6540
M: +61 401 285 176
F: +61 2 8580 5245