Global financial technology provider GBST’s Composer wealth administration platform will now enable clients to bulk process early superannuation release payments for members facing financial hardship due to COVID-19.
GBST’s superannuation clients supported over two million members and would now be able to meet the Australian Government’s early access to superannuation legislation.
Robert DeDominicis, GBST chief executive, said: “So many Australians are struggling at the moment and we are proud to be able to play our part in helping them access much-needed funds.
“Our Composer team worked extremely hard to get this functionality up and running quickly in a very tight timeframe. Allowing clients to process these payments in bulk will reduce the administrative burden on them so they can focus on helping their members through these challenging times.”