Bravura Solutions maintains position as sole Australian company on FinTech 100 for fifth year
Sydney / London, 17 October 2011 (ASX: BVA) – Bravura Solutions Limited (Bravura) – a leading global supplier of transfer agency and wealth management software applications and professional services – is the only Australian company to have been listed among the world’s top 100 technology vendors to financial services companies by Financial Insights and American Banker magazine. Ranked 73, this is the fifth year that Bravura has secured a position on the FinTech 100 list.
The FinTech 100, now in its eighth year, is an annual listing of the world’s leading technology vendors that generate more than one third of revenues from the financial services sector.
Tony Klim, Chief Executive Officer of Bravura said: “We are proud to have secured a place in the FinTech 100 for a fifth consecutive year. It is testament to the quality of our software, business and people that we maintain our position as the only Australian company on this prestigious global list.”
Bravura launched its next generation wealth management platform, Sonata, at the end of 2010.
Providing a single administration solution for life insurance, trust, pension/annuity, group superannuation/pension and UK wrap, Sonata’s comprehensive capabilities include an easy to use web based user interface, sophisticated workflow modelling and business intelligence reporting.
“With two clients already signed to the platform, we are experiencing increasing industry interest”, said Klim.
“Now, more than ever, Bravura is well positioned for long-term future growth, with a 90 per cent improvement in EBITDA for FY2011 and sound operating cash flow.
“We attribute this trend of success to our strategy of geographic diversification, developing a strong product offering and delivering quality financial software to a blue chip client base.
“During the 2010 calendar year we also signed three new client contracts with leading financial institutions and completed implementation projects with two clients. So far this calendar year, we have signed four new client contracts and have completed implementation projects with a number of key clients,” said Klim.
FinTech 100 rankings are determined on the basis of calendar year-end revenues and the percentage of revenues attributed to financial services.
To view the FinTech special report, visit www.AmericanBanker.com/fintech100