Wipro, GBST Collaborate To Improve Superannuation, Wealth Administration Services

Wipro Ltd. has partnered with GBST, a provider of wealth management and advice solutions technology, to deliver end-to-end administration services for superannuation, wealth and pension companies transitioning from legacy IT environments.

The partnership brings together GBST's Composer wealth management administration SaaS platform and Wipro's expertise in outsourced administration and contact centre services to deliver a single offering that includes technology, cyber, risk and business operations.

The collaboration addresses the industry need where organisations often face challenges in managing legacy IT systems and multiple service providers simultaneously. By consolidating administration services through a single, integrated platform, organisations can streamline operations, reduce complexity and enhance service delivery to customers.

“We see the global market looking for alternative fully outsourced solutions. Under this partnership arrangement, clients can benefit from a modern, best-of-breed, SaaS-based, scalable wealth management administration platform, with IT and back-office services supported by a proven digital transformation partner in Wipro,” said Robert DeDominicis, global chief executive officer of GBST. 

GBST and Wipro have been serving the wealth, superannuation and pension markets globally. Through the partnership, the two companies aim to accelerate the industry's shift towards modern IT environments that enhance operational efficiency, reduce costs, improve customer experience and enable proposition expansion like retirement income solutions.