Delta Capita, a global provider of managed services, solutions and consulting, has partnered with GBST following the launch of their financial transaction tax solution, Syn~FTT.
It was explained that the partnership follows a critical time as the demand for financial transaction tax (FTT) solutions is on the rise in Europe.
Last week, Spain affirmed it was set to join France and Italy in enforcing FTT from January 2021, while an EU-wide tax is currently being considered.
The partnership is part of Delta Capita’s growth strategy, which will now see the technology firm expand into the post-trade managed services space.
Delta Capita said it is confident that their new strategic partnership will accelerate the growth of both companies even further.
Gary Bullock, head of post trade at Delta Capita, said: “Organisations are preparing for the new Spanish FTT while also battling to stay ahead of the curve for the anticipated expansion of EU FTT. Compliance is complex, and it is essential firms step away from spreadsheets and bespoke, hard coded systems.”
“Automation has the potential to transform reporting, which is why we are excited to partner with GBST and help organisations to streamline their entire FTT process and workflow across legal entities,” Bullock added.
Denis Orrock, head of capital markets at GBST, commented: “We are delighted to be partnering with Delta Capita to help support the implementation of Syn~FTT across the market.”
“We feel this partnership brings the best capabilities together; market-leading technology from GBST which is supported by deep domain knowledge and expertise by Delta Capita to help clients address this complex area in a more streamlined, low risk, fashion,” Orrock concluded.
