Fintech company GBST has teamed up with Superestate, a start-up that provides superannuants with access to the Australian property market outside the self-managed super fund (SMSF) structure, to launch a new digital super fund.
The mobile accessible fund will provide Superestate with a secure, member-oriented platform allowing greater communication and engagement with its members through a variety of digital channels, GBST said.
Using the end-to-end solution, Superestate members will be able to sign up and join, find, and consolidate all or part of their superannuation holdings in an efficient timeframe, it said.
GBST head of Asia Pacific, Denis Orrock said that by talking securely to the Australian Taxation Office (ATO) and the GBST Superstream Gateway, Superestate can help its members find their super, consolidate it into one fund, and receive ongoing contributions electronically.
Also, the new solution provides GBST’s superannuation clients, including Superestate, with access to GBST’s Business Intelligence Reporting tools so they can generate communications to their members in formats such as SMS, email and PDF.
“By managing and hosting a complete solution on GBST infrastructure, we will be taking full responsibility for the digital administration of the public site as well as maintaining ongoing legislative change, leaving our clients to focus on product design, pricing and distribution,” Orrock said.