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GBST Client Novia Wins ‘Best New Platform 2009’

GBST (ASX:GBT), a global provider of technology services to the financial services industry, is pleased to confirm their UK Wrap and Wealth Management client, Novia, has won ‘Best New Platform 2009’.

Novia were given this prestigious accolade by the judges at the Logica UK Platform Awards in London on 23 September 2009. The judges were impressed with Novia’s ground breaking and innovative platform which benefits both advisers and investors.

GBST worked closely with Novia to develop their platform which uses our industry leading software – Composer and ComposerWeb. Our collaboration and the use of GBST’s world class solutions enabled the platform to be up and running within 9 months from the start of the project. Composer is an integrated administration platform for a platform’s back office. Its architecture meets the demanding requirements of platform providers and fund managers by providing extensive business rule driven functionality, efficient administration processes and automation.

ComposerWeb offers a comprehensive and extensive web front end application, enabling advisers to administer portfolios from pre-sale planning through to general portfolio maintenance. Other features provide white labelling features for advisers, interfaces to third party tools allowing for integration with existing applications, a self-service facility with access to information 24/7 for both Advisers and clients and a white-label facility.

Commenting on the award, Bill Vasilieff, CEO at Novia said: “Being given the award for ‘Best New Platform 2009’ in a marketplace full of companies striving for excellence is an incredible achievement. We are pleased and proud to be offering a client service proposition with better technology and more functionality than is currently available elsewhere.” Bill went on to say “The speed with which we were able to bring such a comprehensive proposition to market was by anybody’s standards quite remarkable, and largely down to the hard work of all the individuals both at Novia and GBST.”

Robert DeDominicis, Chief Executive of GBST added:

“We are very pleased that Novia has has won such a prestigious award. Their platform proposition along with GBST’s Composer's superior functionality at the heart of their technology solution means Novia have set the gold standard for a feature rich and robust platform. There’s no doubt Novia have a real edge in the marketplace. Working closely with Novia to create this new platform has been a pleasure and we look forward to ongoing developments with Bill and his team.”