The deal unites GBST’s wealth management platform with the outsourcing services from Wipro.
GBST and global outsourcer Wipro Ltd. have signed a partnership to help firms move off legacy investment IT and ops platforms and possibly toward artificial intelligence (A.I.) technologies, officials say.
The deal unites GBST’s scalable wealth management administration platform with Wipro’s IT, business processing, and back-office outsourcing services.
The arrangement will consolidate administrative services “through a single, integrated platform” intended to help clients streamline operations, reduce complexity, and improve customer service, officials say.
The end-to-end administration services to come will support superannuation, wealth, and pension companies that are transitioning from legacy IT environments, officials say.
Specifically, the partnership will combine GBST’s Composer wealth management administration software as a service (SaaS) platform and Wipro’s outsourced administration and contact center service capabilities, officials say.
The Composer’s wealth management administration solutions are designed to help managers at superannuation funds, life insurance companies, pension firms, and employee savings schemes, officials say. The Composer solutions range from help with distribution channels to the back office, and they support the management of model portfolios and business consolidation onto a single platform.
“Together, we will enable organizations to modernize their operations, leverage advanced technologies like GenAI, and deliver superior outcomes for their members,” adds Chris Smith, CEO for Australia and New Zealand, Wipro, in a statement.
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