GBST has been named one of the world’s most innovative technology solution providers within the wealth management industry. The wealth administration software provider is listed in the WealthTech100, announced today, which recognises the pioneering companies transforming the global investment and banking industries.
The WealthTech100 identifies the top companies around the world that are transforming the global investment and banking industries. A panel of analysts and industry experts voted on a list of over 1,200 companies, drawn up by specialist research firm FinTech Global. The final 100 were recognised for their innovative use of technology to solve a significant industry problem, generate cost savings or improve efficiency for asset managers, private banks and financial advisers.
Rob DeDominicis, Group Chief Executive, commented:
“Since we started our latest R&D investment programme around two years ago, we have used the very latest technologies to transform how wealth management platforms are delivered in a much more componentised fashion. The team at GBST is really proud to receive such an award and be recognised for our innovations whilst developing our technology stack to become fully cloud enabled.”
David Simpson, Head of EMEA, at GBST, added:
“It is easy for mature companies to become complacent about their position in the market, but if you don’t disrupt yourself, you will get disrupted. We understand that technology doesn’t stand still and have always reinvested a significant proportion of our profits back into research and development to continually evolve and extend our technology to meet the changing needs of our clients and their customers.
“The current COVID-19 experience has highlighted the inflexibility of many provider’s legacy systems, which require paperwork, wet signatures and manual processes. Many financial services companies had already started the journey to digitalise and automate their services and we’d expect to see more firms seeking ways to address their legacy issues and create a more agile, efficient and cost-effective technology-based experienced.”