GBST, a leading global provider of fund administration and registry software for the wealth management industry, today announced that a leading UK retirement products provider and investment and financial services company have begun using GBST Composer supported by Microsoft SQL Server (SQL), successfully concluding a major development project enabling GBST Composer's multiple database support.
Robert DeDominicis, CEO of GBST Wealth Management, said: "We are very pleased to confirm that our development program to equip GBST Composer with multiple database support has been completed in such a short time frame. We have successfully maintained a single line of code which provides customers with the ability to choose alternative relational database support, depending on their requirements. This demonstrates our commitment to delivering technological innovation in parallel with ongoing product enhancement and legislative change, necessary in a fast changing market."
Multiple database support is a significant step toward development of GBST's wealth management software for all international markets, and is believed to be unique for fund administration and registry technology. In addition to the two companies already 'live' using the latest GBST Composer, three further UK organisations are at varying stages of implementation and are expected to be 'live' using the product by the end of 2015.
GBST Composer offers an integrated platform for the administration of wrap platforms, master trusts, superannuation, pensions, risk and debt. The product supports three of the UK's top six UK retirement savings platforms and has received UK industry awards, including in conjunction with its customers. GBST's development team managed the technically complex project in partnership with a US-based Microsoft gold partner which has been recognised as one of the US's fastest growing companies.