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Haitong International goes live with 2nd phase of GBST’s Syn~TAC middle-office solution

GBST Holdings Limited (ASX: GBT), “GBST”, a global provider of securities transaction and fund administration software for the financial services industry, announces the next phase of its Syn~ capital markets platform implementation at Haitong International Securities Group Limited (“Haitong International”, Stock Code: 665.HK) has successfully gone live. 

Haitong International, one of Hong Kong’s leading financial institutions, adopted the internationally accredited GBST Syn~ platform in November 2015 to create an automated, institutional middle-office solution in an implementation that is now a key component of its expansion, particularly growth from new institutional business.

This second phase adds the GBST Syn~ confirmations capability. The unique flexibility of GBST Syn~ sees it integrate seamlessly with each customer’s individual requirements allowing for much smoother integration and reconciliation.  This is part of an ongoing deployment of GBST Syn~ that will greatly assist the delivery of Haitong International’s strategic business objectives.

Marcus K.C Yang, Operations Director – Global Market of Haitong International Securities Group said: “As we begin to leverage this second phase of our GBST Syn~ implementation we are already achieving business value, measurable productivity gains and client satisfaction. And there is so much more potential to explore in our drive to expand our services.

Donal O'Brien, Regional Executive of GBST said: “This is the latest proof that GBST Syn~ offers continued process improvement and enables flexible business goals over time. It is also the consolidation of a trusted relationship between our two organisations. We are establishing a leading position in providing internationally accredited systems to investment banks in the Asian region.”