GBST delivers milestone first release of new cloud-based Composer platform for Australian wealth management clients

A programme of strategic investment by global financial services technology provider GBST has delivered a major milestone with the release of a new cloud-based version of its Composer wealth administration platform.

The new version has already been taken up by two of GBST’s largest Australian clients, both leading financial institutions with a combined two million superannuation members, with one already live and the other in implementation.

This release marks the successful delivery of the first phase of the Composer upgrade programme for GBST’s Australian clients, which will also deliver an extensive catalogue of APIs and a new intuitive back-office user experience.

The Composer upgrade will see clients benefit from increased integration capabilities and lower technology operating costs, as well as improved operational efficiency as a result of the streamlined web-based user experience.

GBST’s wider technology transformation programme has also delivered Catalyst, a customer self-service digital wealth platform for wealth managers to differentiate and engage customers an increasingly digital world.

Robert DeDominicis, GBST CEO, commented:

“Having clients upgrade to the latest version of Composer is an important milestone for our platform which supports several tier one clients in Australia. This successful release is testament to the dedication of our teams and the significant resource we have invested in our technology transformation.”

“These clients are now ready to reap the benefits of the Composer upgrade and our wider technology transformation. We’re committed to ensuring our clients have the future-ready platform to support their growth in an increasingly connected and complex market.”