NoviaMay 16 2023

GBST extends Novia Global partnership

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GBST extends Novia Global partnership
(Pexels/Polina Zimmerman)

GBST has renewed its partnership with Novia Global, extending the agreement to 2028.

The wealthtech firm said today (May 16) that its technology will continue to underpin Novia Global’s platform, which is fully managed and hosted by GBST.

Under the agreement, Novia Global will expand its multi-currency enabled products to support Isas alongside Sipps for non-UK residents and foreign nationals living in the UK. 

Novia Global also intends to continue expanding internationally with development planned in the Middle East.

The new agreement includes dedicated resources to support the live software, as well as the testing, planning and implementation of new releases and upgrades.

David Simpson, head of EMEA at GBST, said: “Over the last few years, we have invested heavily in composer to transform it into a scalable SaaS solution that helps our clients increase efficiency, lower costs, reduce risk, and benefit from a more user-friendly and advanced digital experience. 

“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, chief executive officer at Novia Global, said: “GBST has provided the technology to support our operations since the launch of our platform almost a decade ago. 

“Over that time, we have seen significant growth, not only in assets under administration and the number of advisers and their clients who rely on our platform, but also in our international presence and the functionality, product wrappers and currencies we offer.”