-
Technology
-
Industry
-
Solutions
-
- ASSET MANAGEMENT
- CUSTOMER EXPERIENCE MANAGEMENT
- CYBER SECURITY
- DATA CENTER
- DOCUMENT MANAGEMENT
- ELECTRONIC DATA INTERCHANGE
- ENTERPRISE DATA MANAGEMENT
- ENTERPRISE RESOURCE PLANNING
- ENTERPRISE RISK MANAGEMENT
- ENTERPRISE-GRADE WEB DATA SOLUTIONS
- FACILITY MANAGEMENT
- FIELD SERVICE
- IDENTITY AND ACCESS MANAGEMENT
- INFRASTRUCTURE
- IT SERVICE MANAGEMENT
- MANAGED IT SERVICES
- PAYMENT AND CARD
- PROJECT MANAGEMENT
- SOFTWARE TESTING
- STORAGE
- VIDEO SOLUTIONS
- WORKFLOW
-
-
Platforms
-
Functions
- Leadership Perspectives
- Innovation Insights
- Research
- Magazines
- News
- CXO Awards
Nick Clarke, Executive Manager – Institutional ProductGBST architected Syn~ to provide full asset class coverage, accounting capabilities, market connections, and data access to ensure client acceptance and business case fulfillment. “We market Syn~ as both a full-service solution as well as component solutions to help clients manage both the cost and risk of core processing technology change,” elucidates Nick Clarke, Executive Manager– Institutional Product, GBST.
The cornerstone of GBST’s success? Automation. Syn~ products are designed to automate middle and back office processing for banks and broker-dealers. Its single technology platform can be deployed to solve point solutions but can easily transition to become an end-to-end global post trade engine. The technology is essentially divided into two important product segments. Firstly, Syn~TAC offers post-execution and pre-settlement transaction processing across multiple asset classes for greater operational efficiency.
It is designed to integrate nicely with any trading system and extend into back office processing where required. Secondly, Syn~Ops delivers real-time international clearing, settlement, custody and asset servicing. Additionally, GBST’s Business Intelligence Reporting (BIR) tool is used to create business intelligence with a full range of pre-defined analytics, custom reports, and dashboards, tightly integrated with the Syn~ processing engines. The company has availed global domain experience and a vast number of capital market models for swift and cost-effective business change.
Tailored to deliver operational efficiency for firms of all sizes, Syn~ supports multi-asset classes, multi-tenancy, multi-entities, multi-currencies, multi-lingual communications, and more. GBST deploys its platform and services through the cloud as well as on-premise according to the client’s organizational requirements. Challenging the status quo, GBST surpasses the conventional legacy solutions by implementing a modular platform with embedded workflow for post-trade processing.
In one instance, a client in the U.S. market approached GBST to configure their Syn~TAC solution for MIFID II compliance—a problem challenging many industry participants. GBST implemented the change to the product, providing the client with early alignment once the regulation comes into force.
“We provide agile business and technical orientation to solve the most challenging problems faced by our clients,” says Clarke. Currently, GBST is focused on combining existing but separate product functionality to better serve the institutional and retail market segments. With regional markets at different stages of development and complexity, GBST is adopting a multi-faceted approach to meeting the changing demands of the industry. For example, in established markets, they are working with incumbent vendors and utility providers, whereas in newer, more dynamic markets, GBST is working to establish industry utilities or sell directly. The common factor in all cases is GBST’s focus on automating client operations, reducing cost and ensuring readiness for the next wave of innovation like blockchain, machine learning and robotic process automation.
GBST acquires financial planning software solution
Friday, July 28, 2023
To expand its ability to offer both digital and hybrid advice to the global wealth market
Global wealth tech provider GBST has bought financial planning software solution Advice Intelligence for an undisclosed sum.
Advice Intelligence has integrated various components, including independent CRM solution, client engagement, goals-based advice, mobile features, workflows, and apps, into a unified digital platform.
GBST stated that the addition of Advice Intelligence aligns well with its recently acquired salesforce adviser solution, WealthConnect, creating a highly complementary combination.
It will also “further accelerate the company’s ability to offer both digital and hybrid advice to the global wealth market”, GBST added.
Robert DeDominicis, global chief executive of GBST, said: “The acquisition accelerates the delivery of our roadmap and positions GBST perfectly to capture a significant share of the growing advice practice management, digital and hybrid advice markets through the delivery of its market leading cloud-based portfolio of solutions.
“With the combined offerings of GBST, GBST WealthConnect and GBST Advice Intelligence to streamline advice and enhance client experience, GBST is well-equipped to expand its presence in the UK, Australia, and internationally.”
GBST unveils Equate calculator suite for firms with customised data insights
Wednesday, September 13, 2023
GBST, a provider of wealth management administration, adviser and digital solutions has launched its new and upgraded Equate suite of calculators, making them more customisable and user-friendly.
The range, which was launched in 2009 and is used by more than 100 financial services organisations globally, comprises 31 powerful and interactive online calculators across lending, wealth management, insurance, and tax.
As part of the upgrade, the Equate suite has transitioned to React, a modern software framework that provides Equate calculators with a more intuitive user interface. The new technology allows additional visual layouts in the results section and more control over enabling, disabling, and editing buttons and icons.
This feature gives organisations greater choice and flexibility when setting up and displaying the calculators on their website and enables faster rendering for a smoother user experience. It also improves insights with visual layouts highlighting different aspects of the data, allowing clients to gain new insights into how end users interact with the tool. Cross-platform compatibility and omni-channel access on a variety of devices and platforms continue to be benefits of the React framework.
Brianna Dobing, Head of Digital at GBST said, “Integrated directly into an organisation’s website or portal, the tools drive customer engagement, increase lead generation and support new business while delivering customer insight to help product development. The new technology is an important investment in the future of Equate, that will enable us to deliver even greater design and modular flexibility over how providers can use our calculators.”
Robert DeDominicis, Global CEO of GBST noted, “The upgrade to our Equate calculators closely follows the transformation of our Composer wealth management administration platform to create a leading SaaS solution that’s cloud-ready, accessible, and simple to integrate. The ongoing investment across all our technology, alongside our recent acquisitions that have added adviser solutions to our offerings, demonstrate our commitment to continued innovation, providing a modern framework to quickly adapt to the needs of the market, our clients, and the end customer evolve.”
GBST develops innovative digital Private Equity technology platform with Luna Partners
Thursday, April 11, 2024
GBST develops innovative digital Private Equity technology platform with Luna Partners
GBST, a leading global provider of wealth management and advice solutions technology, has collaborated with Luna Partners to create, develop, and implement a unique technology platform that seamlessly connects investors and managers to the wholesale private equity market. The platform developed by GBST, opens new Australian and New Zealand investment opportunities for individual investors that were previously only accessible to institutional investors.
The scalable and comprehensive cloud-based SaaS offering includes a website, online investor portal, and an administration portal to easily accommodate Luna Partners’ growth and expansion ambitions.
Group CEO of GBST, Robert DeDominics, said, “Within eight months from the time of the initial brief, GBST Digital collaborated with our DevOps and Architecture teams to deliver a complete technology solution to Luna Partners. We enabled a rapid market entry which was one of Luna Partners’ main goals. It’s the combination of our teams’ financial services and digital expertise that enables this kind of incredible innovation.”
Co-Founder of Luna Partners, Edward Caser, said, “GBST’s technology expertise and commitment to excellence made it the perfect partner to help realise our vision of bringing a ground-breaking Australian private equity (PE) solution to market. As a PE firm, we knew only too well that the opportunities in Australia for investors to gain access to private markets was limited. We’ve seen Australian private equity firms turning to offshore institutions and domestic private wealth platforms as superannuation funds retreat from the middle market. But we’ve now changed all that. We have an incredibly user-friendly website, an intuitive investor portal, and an efficient administration portal which has exceeded our expectations.”
The platform’s ability to simplify investor onboarding by incorporating Know your Customer (KYC) and Anti Money Laundering (AML) checks, facilitate multiple investments, manage online applications, and streamline portfolio management has been a game-changer for Luna Partners’ operations and PE fundraising in the region.
Company
GBST
Management
Nick Clarke, Executive Manager – Institutional Product
Description
Provider of flexible and customizable financial technology to markets on a global scale
