GBST : Signs Japan’s SBI BITS to Syn~ Platform

• First Japanese client to adopt Syn~
• Opportunity to Expand Further in the Asia Pacific Region

Sydney 06 December 2017 - GBST has entered into an agreement with Japanese financial technology ('Fintech') company, SBI BITS Co., Ltd ('SBI BITS'), for the implementation of GBST's Syn~ platform for SBI BITS' back office system development.

SBI BITS will utilize Syn~ for its retail and institutional capabilities, and the agreement with GBST will allow for the roll out of the platform to other Asian markets.

This signing continues the recent momentum generated by Syn~ across Asia Pacific including the go- live of our first Syn~ Australia Institutional client and the recent go live of China Merchants Bank in Hong Kong.

Commenting on the agreement with SBI BITS, the CEO of GBST Mr Robert DeDominicis said 'The new generation Syn~ platform was in growing demand because of the functionality, visibility and improved control it offered clients for their back office post-trade operations.'

Mr Denis Orrock, Asia Pacific Head of GBST added 'The agreement with SBI BITS is a major step in our Asia growth strategy and the utilisation of the Syn~ platform by a large player in the Japanese domestic market will provide significant opportunities to increase our market coverage in partnership with a trusted brand and domain expert.'.

As part of the partnership, GBST will integrate functionalities and capabilities developed by SBI BITS back into the core Syn~ platform and GBST and SBI BITS will jointly approach a number of identified segments within Japan and Asia Pacific.

The CEO of SBI BITS, Mr Chuck Chon, who is delighted to partner with GBST said 'We look forward to collaborating with our partner (GBST) to develop back office systems for the Japanese market as well as the rest of the Asian markets. Our mission is to combine our greatest strengths in a strategic partnership to build a back office system that can deliver huge cost savings to our customers while meeting or exceeding their requirements.'

SBI BITS has significant technology capabilities in Tokyo and a development centre in Dalian, China, which provides GBST with potential new opportunities in the China market.

SBI BITS will initially target internal SBI requirements with the comprehensive back office platform before marketing Syn~ to a range of external market participants, including the provision of a Japanese compliance regulatory solution.

Mr Chon has experienced success in establishing other ventures for SBI Holdings, which owns SBI BITS, including SBI Japannext, an alternative exchange venue in Japan.

GBST is a specialist financial technology company which provides administration and transaction processing software for retail wealth management organisations and global and regional investment banks. Founded in 1983, GBST is listed on the Australian Securities Exchange under ASX ticker code GBT.

• In Australia, GBST provides its full range of retail wealth and institutional solutions for the wealth management and capital markets industries. The company's industry-leading software platforms include GBST Composer®, which provides end to end funds administration and management software for the wealth management industry; GBST Syn∽®, which provides a new generation post-trade processing platform for equities, derivatives, fixed income and managed fund processing; and GBST Shares, which is the most widely-used back- and middle-office processing equities software in Australia
• In the Rest of the World, the GBST Syn∽® platform supports institutional capital markets primarily in Asia and North

Formed by the vision of Yoshitaka Kitao, President, CEO and founder of SBI Holdings, Inc., SBI BITS was established in July 2015 as the core of SBI Holding's FinTech strategy. Since then, SBI BITS has gathered IT experts from all over the world. We currently boast an international working environment of employees from over 40 countries.

We have expanded our presence in Asia by establishing SBI BITS Hong Kong as a strategic base in the financial capital of Asia, providing services to SBI Group and Hong Kong's financial industry. We have also established SBI BITS Dalian, China, a local company in the region's IT center, to become a new base for BITS software development.

SBI BITS aims to spread the latest FinTech to the whole of Asia and the rest of the world, contribute to the advancement of cutting edge technology and bring new value to the financial industry.