Australian fintech company GBST has enhanced its Catalyst digital hub by working in partnership with client VitalityInvest.
The updated hub now includes interactive statements that will allow advisers to report on investment performance, costs and charges, asset allocation, plan transactions and produce real-time reports with customised periods for their clients.
GBST said it has also optimised user journeys that help to guide advisers and their clients through different processes. This new process will remove the need for wet signatures or paper as all services will be able to be completed online and processed automatically.
Catalyst offers 60 journeys straight through into GBST's Composer back-office platform, reducing time spent on administration.
David Simpson, who is responsible for GBST's Europe, Middle East and Asia region, said: "Since the initial launch of VitalityInvest, we have worked closely with the Vitality team to evolve the proposition and act on adviser feedback to enhance the user experience.
"Now our new interactive statement functionality enables advisers to create ad-hoc statements whenever they want, by taking an instant snapshot of the portfolio, relevant charges, fund performance and produce a personalised report in under a minute.
VitalityInvest distribution director Mark Baldwin said by working with GBST, they have been able to ensure their proposition meets the digital needs of the adviser community.
"We have focused on providing greater accessibility, making it easier to use and have all the documents an adviser will need in one place," he added.
'There will be more consolidation'
'Substantial lessening' of competition
'Until absolutely safe'
Asset managers and platforms don't always see eye-to-eye
'Reduce stress levels all round'
Boring Money research
Call for evidence will highlight problems
Aviva study shows