GBST Holdings Limited (ASX:GBT) has announced it has partnered with MainstreamBPO Limited (ASX:MAI) as it looks to enter into the business processing outsourcing market.
GBST has partnered with Mainstream’s FundBPO business, allowing it to provide outsourced wealth administration and registry services through its products.
The contract will also see GBST offer SaaS services, including a new fund gateway that enables straight through processing and real-time reporting.
GBST Managing Director Robert DeDominicis has stated the partnership will allow the business to access new clients and explore global opportunities.
GBST Holdings Limited reported a net profit of $9.3 million at 30 June 2016.