back Back

GBST & Luna Partners to develop digital private equity technology platform

By Gloria Mathias

April 11, 2024

  • Advice Intelligence
  • Advisor Markets
  • Advisory platform
Share

GBST, Advice Intelligence, Acquisition, Cloud Based, Advisory platform, WealthConnect, Equate, Calculator Suite, Appointment news, Jeff Hall, Fintech News, Fintech appointment, Head of APAC, Sydney, Australia, WealthConnect, Advisor Markets, Luna Partners, WealthTech News GBST, a global provider of wealth management and advice solutions technology, has collaborated with Luna Partners to create, develop, and implement a unique technology platform that seamlessly connects investors and managers to the wholesale private equity market.

The platform developed by GBST opens new Australian and New Zealand investment opportunities for individual investors that were previously only accessible to institutional investors.

The scalable and comprehensive cloud-based SaaS offering includes a website, an online investor portal, and an administration portal to easily accommodate Luna Partner’s growth and expansion ambitions.

Group CEO for GBST, Robert DeDominics, said, “Within eight months from the time of the initial brief, GBST Digital collaborated with our DevOps and Architecture teams to deliver a complete technology solution to Luna Partners. We enabled rapid market entry, which was one of Luna Partner’s main goals. It’s the combination of our teams’ financial services and digital expertise that enables this kind of incredible innovation.”

Co-founder of Luna Partners, Edward Caser, said, “GBST’s technology expertise and commitment to excellence made it the perfect partner to help realise our vision of bringing a ground-breaking Australian private equity (PE) solution to market. As a PE firm, we knew only too well that the opportunities in Australia for investors to gain access to private markets were limited. We’ve seen Australian private equity firms turning to offshore institutions and domestic private wealth platforms as superannuation funds retreat from the middle market. But we’ve now changed all that. We have an incredibly user-friendly website, an intuitive investor portal, and an efficient administration portal which has exceeded our expectations.”

The platform’s ability to simplify investor onboarding by incorporating Know Your Customer (KYC) and Anti Money Laundering (AML) checks, facilitate multiple investments, manage online applications, and streamline portfolio management for Luna Partners’ operations and PE fundraising in the region.

Previous Article

April 11, 2024

Oracle launches AI-Powered anti-money laundering service for Banks

Read More
Next Article

April 11, 2024

FICO and Atto partner on Open Banking integration for UK lenders

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Advice Intelligence

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

May 24, 2024

heymax & Visa team to simplify Credit Card rewards experience

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023