Australian-based financial services technology provider GBST has further grown its presence in the United Kingdom with the signing of an agreement with UK-based investment and savings platform Alliance Trust Savings (ATS) to deliver its GBST Composer platform.
GBST said the Composer solution would be fully integrated within the ATS business to improve its direct-to-customer and intermediary propositions, deliver operational efficiencies and support the growth of the business.
In a joint announcement, GBST and ATS said they had commenced the implementation of GBST Composer and expected to on-board the first intermediated new clients in the early part of next year, followed by the migration of existing customers.
Commenting on the arrangement, ATS managing director Patrick Mill said that with the platform market expected to quadruple in size by 2020, there existed a tremendous growth opportunity for those providers who were able to adapt and respond to customers' changing needs.
"The overwhelming feedback from ATS customers and intermediaries is that while they believe in our products, our pricing structure and our customer service, we need to enhance our platform functionality in order to support their future requirements," he said.
GBST chief executive Robert DeDominicis said GBST Composer had been a recognised market leader in the UK.