Fintechs group as much as assist legacy system transfers



Wealth administration platform supplier GBST and fintech consultancy Winpro have entered right into a strategic partnership to ship end-to-end administration companies for corporations transitioning from legacy IT environments.

GBST’s Composer wealth administration administration platform can be introduced along with Winpro’s outsourced administration and get in touch with centre companies to ship a single providing that features expertise, cyber, threat, and enterprise operations.

Based on GBST the brand new collaboration addresses a essential want throughout the business, the place organisations typically face challenges in managing legacy IT techniques and a number of service suppliers concurrently.

Robert DeDominicis, world CEO of GBST, mentioned he believes the partnership marks a big milestone for the wealth administration business.

He mentioned: “We see the worldwide market searching for different absolutely outsourced options. Underneath this partnership association, shoppers can profit from a contemporary, best-of-breed, SaaS-based, scalable wealth administration administration platform, with IT and back-office companies supported by a confirmed digital transformation associate in Wipro.”

Final 12 months GBST relaunched its Composer wealth platform and rebranded to sign a brand new route for the enterprise following an aborted try to take over the corporate by rival FNZ.

GBST was offered by rival FNZ on the finish of 2021 to a non-public fairness agency after the Competitors and Markets Authority (CMA) blocked FNZ’s acquisition of GBST. The CMA ordered FNZ to unload GBST’s platform arm after concluding that the £150m merger of FNZ and GBST risked lowering competitors within the UK platform market.

Though FNZ offered GBST’s platform division it was allowed to reacquire GBST’s capital markets division. GBST, based mostly in Sydney and London, describes itself now as a worldwide ‘wealth tech’ firm.



The post Fintechs group as much as assist legacy system transfers appeared first on Nakedlydressed.


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