Bravura signs a major deal with ASB Bank

Sydney, 20 December 2017 – Bravura Solutions Limited today announced that it has signed a long-term contract with existing client, ASB Bank Limited (ASB), for the implementation of its Sonata platform. Sonata will underpin ASB’s integrated KiwiSaver, retail and group investments business.

ASB, a subsidiary of the Commonwealth Bank of Australia, is a leading New Zealand financial services provider, serving over 500,000 retail and employer customers in the KiwiSaver, investment, insurance, platform and securities markets. Having recently embarked on a new phase of innovation and growth, ASB will leverage Sonata to drive the delivery of innovative real-time digital offerings to customers.

Sonata is a next-generation wealth management solution, capable of supporting investment, wrap, pensions and life insurance products across multiple distribution channels. It provides clients with a customer-centric digital platform that can streamline administration and increase cost efficiencies though powerful inbuilt workflow process automation.

Adam Boyd, Executive General Manager of Wealth at ASB Bank said: “Following a competitive process, we chose Sonata as part of a wider growth strategy to enhance our digital service offering to our customers. Sonata’s rich functionality will allow us to deliver new real-time digital customer experiences, and achieve enhanced customer engagement through heightened levels of online interactivity.”

Jason Tong, Director of Business Development at Bravura Solutions said: “We are delighted to partner with ASB on this key modernisation program, which is testament to the strength of our longstanding relationship. We look forward to ASB using Sonata’s modern, open interfaces to provide its customers with state-of-the-art digital experiences.”

The ASB Sonata implementation project has commenced.

For media enquiries, please contact:

Daryl Wright
Head of Strategic Marketing
T: +61 2 9018 7891
E: dwright@bravurasolutions.com

For investor enquiries, please contact:

Rahul Badethalav
Head of Strategy and Investor Relations
T: +61 2 9018 7879
E: investors@bravurasolutions.com

@BravuraFinTech
on Twitter

Posted 8 days ago

RT @heatherahopkins: 23% of advisers have a different preferred platform for clients in retirement than for clients in accumulation. New re…

Posted 11 days ago

It was great having you with us @ChrisDaems - thank you for giving us your time and some really great insights. https://t.co/xLhuQmlNCY

Posted 15 days ago

Find out how APIs can help #superannuation funds become more customer-focused https://t.co/j5jjSxZGa8

Posted 18 days ago

Can AI and Open Banking really help advice firms grow their client base? @FGEFindlater takes a look for… https://t.co/WoW6UxgicL

Posted 22 days ago

RT @PA: #Breaking An employment tribunal has found that a group of 65 Hermes couriers are workers, not self-employed, in a “landmark” rulin…