Bravura Enriches Garradin Functionality with FINCAD’s Financial Analytics
Sydney, Vancouver – 4 June 2009 (ASX: BVA/OTCQX: BRVSY) – Bravura Solutions (Bravura), a leading global supplier of wealth management applications and professional services, and FINCAD, a leading global provider of financial analytics, today announced that Bravura has entered into a formal agreement to use FINCAD’s derivatives analytics solutions and services.
Bravura has joined the FINCAD Alliance Program, allowing it to embed FINCAD’s analytics library into its Garradin investment management system. This will provide additional pricing and risk analysis capability, and will address the need among Bravura’s buy-side clients for solutions that offer independent and transparent valuations of their securities, particularly for OTC derivatives.
“By employing FINCAD’s analytics solutions, we are significantly extending and enriching the functionality of the Garradin investment management system,” said Iain Dunstan, Bravura’s Group CEO and Managing Director.
“Garradin clients will be provided with seamless access to industry standard analytics to value and assess the risk of their derivatives and debt securities. The library’s comprehensive coverage includes all major asset classes, covering a full range of exotic and vanilla instruments,” he said.
FINCAD’s analytics library is made available through the FINCAD Analytics Suite for Developers software development kit, which allows firms to embed the extensive library of cross-asset financial analytics into other applications, such as Garradin. The FINCAD analytics will also be considered for other Bravura products.
“We are pleased to welcome Bravura to our growing FINCAD Alliance Program,” said Amar Budhiraja, Director, FINCAD Alliance Program.”As the global demand for independent and transparent valuations increases at a rapid pace, we look forward to working with Bravura to meet the pressing needs of their clients and further expanding the use of FINCAD’s analytics among buy-side firms in the Asia Pacific region.”
Garradin is a comprehensive, multi-currency investment management system with integrated asset management, registry and tax management functions. It is a fully modular solution that can be deployed across multiple sectors including retail wealth management platforms.