Australian-based financial services platform provider, GBST Holdings Limited has entered into an alliance with British-based business technology provider, Xchanging plc.
The development has been confirmed by GBST Wealth Management chief executive, Robert DeDominicis who said it was intended to align the GBST software suite, with the Xchanging BPO scalable processing capability to build a platform for wealth management and capital market players.
“The industry continues to evolve and this creates the opportunity for innovation and the ‘better together’ approach,” he said. “Our reputation for delivering robust, functionally advanced software and scalability to meet business demands is a complementary match with the dominance of Xchanging as a BPO expert in the finance marketplace.”
The announcement released by the two companies said they were investing time to leverage opportunities within their existing clients and expand into new segments of the capital markets securities processing and wealth administration sectors across Australia, the UK, Asia and the USA.
