Bravura Solutions and Calastone sign partner agreement
NEWS | 17 February 2010
Sydney / London
Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services – is pleased to announce an affiliation with Calastone Limited (Calastone), which will give Bravura’s clients direct connectivity to Calastone’s live messaging service and transaction network.
Calastone is an independent cross-border messaging network for the mutual fund industry, automating key business flow processes and delivering Straight Through Processing (STP) efficiencies throughout the entire lifecycle, from mutual fund trading, through to settlement. Developed using the latest Microsoft© technologies, Calastone provides clients with the ability to view their transactions online, in real-time, through an execution management system.
Tony Klim, Bravura’s Chief Executive Officer – EMEA said: "We are extremely pleased to be working with Calastone. This collaboration will enable our clients to achieve the full benefits of STP with Calastone’s distribution clients. The initial deployment supports order messages and will enable our clients to process trades electronically from the Calastone network".
"We can now provide a cost effective solution to our clients wishing to connect to the Calastone transaction network, building further on our leading position as a provider of STP financial messaging through Bravura’s Babel software application."
"The relationship with Calastone demonstrates our commitment to working with leading industry parties, seeking out value added services on behalf of our clients."
Kevin Lee, Calastone’s Managing Director said: "We are pleased to partner with Bravura. Both Bravura and Calastone clients are able to remove manual order entry processing, which will reduce costs and risk, and provide greater visibility and control of order routing."
About Bravura Solutions Limited
Bravura Solutions Limited (Bravura) is a leading global supplier of professional consulting services and highly specialised administration and management applications for superannuation & pension, life insurance, investment, private wealth & portfolio administration, transfer agency and STP financial messaging. Depending on the application required, Bravura’s software can be implemented as either an installed solution at the client site, or on a fully hosted basis.
Bravura provides professional services and wealth management applications to more than 180 financial institutions including a range of corporate clients. More than 18 million customer accounts are administered on Bravura software, with more than A$1.5 trillion in funds managed globally. Bravura currently employs more than 550 people staffing 14 offices across Australia, New Zealand, UK, Europe, Asia and South Africa.
Bravura are strongly committed to operating as a sustainable enterprise. They regard environmental responsibility as being fundamental to our business practices. They believe in not only complying with legal sustainability statutes, but in going beyond them. They voluntarily dedicate funds and resources to the pursuit of sustainability.
Bravura is proud to have won the 2009 Australian Business Awards for International Trade in the IT&T category, the 2008 European International Custody and Fund Administration award for European Asset Servicing Technology Vendor of the Year, and to be listed as the only Australian company in the American Banker global FinTech 100 in 2007, 2008 and 2009. Bravura is also recognised as one of the 50 financial technology companies included in the global Finextra50 Financial Technology Index.