GBST extends strategic partnership with Novia Global

GBST extends strategic partnership with Novia Global

GBST, a pioneering WealthTech company, and Novia Global, a prominent international wealth management platform provider, have reaffirmed their strategic partnership.

London-based GBST boasts a global reputation for its innovative financial services technology, while Novia Global is known for its extensive wealth management platform targeting investment advisers and their clients in the international market.

The renewal of this partnership cements the two companies’ longstanding relationship, which initially commenced with GBST’s Composer platform powering Novia Global’s operations since its inception in 2015. This enduring collaboration underpins Novia Global’s growth ambitions, particularly with its plans to expand in the Middle East, coinciding with GBST’s recent launch of Composer in the UAE.

GBST is a global leader in delivering robust, scalable financial services technology, with its Composer platform playing a pivotal role in its offerings. Composer, a fully managed and hosted service on the Amazon Web Services (AWS) cloud infrastructure, offers an API-enabled SaaS solution constructed on microservices architecture. The platform streamlines the administration of wealth management products from the distribution channel through to the back-office, driving operational efficiencies, and reducing risk.

On the other hand, Novia Global is renowned for its wealth management platform that caters to investment advisers and their clients in the international market. Offering a transparent pricing structure and a range of investment products, the platform also provides a suite of portfolio management tools and an extensive selection of investment classes, including bonds, authorised funds, ETFs, and alternative investments.

Under the renewed agreement, Novia Global will continue to utilise GBST’s Composer platform as its core technology, augmenting its multi-currency enabled products to support ISAs along with SIPPs for non-UK residents and foreign nationals residing in the UK. The agreement also includes dedicated resources for live software support and the implementation of new releases and upgrades. This strategic partnership will ultimately drive Novia Global’s customer growth, which has surged by nearly 150% over the last two years, and GBST’s expansion into new regions.

David Simpson, head of EMEA at GBST, said, “At GBST, we value our long-term partnerships with our clients and are delighted that Composer will continue to power the Novia Global platform for a further five years. This ongoing investment in our core technology ensures that clients like Novia Global will continue to benefit from the flexibility and security of our modern wealth management platform as it further develops its proposition to the international market.”

Steve Andrews, CEO of Novia Global, added, “GBST has provided the technology to support our operations since the launch of our platform almost a decade ago. Throughout our journey, the Composer platform has evolved with us, and we look forward to continuing to realise our growth ambitions, with GBST by our side.”

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