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Bravura Solutions secures position on FinTech 100 for sixth consecutive year

Published on 11 Oct 2012

Bravura Solutions Limited (Bravura) is one of only two Australian companies 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 sixth year in a row that Bravura has secured a position on the FinTech 100 list.

The FinTech 100, now in its ninth 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 extremely proud to have once again secured a place in the FinTech 100. It is testament to the quality of our technical solutions, our track record of delivery and our experienced team that we maintain a position on this prestigious global list.”

Bravura launched its next generation wealth management platform, Sonata, at the end of 2010 to provide a single administration solution for life insurance, trust, pension/annuity, group superannuation/pension and UK wrap.

“We now have two clients live on our Sonata application – Partners Life in New Zealand and Russell Investments in Australia, and are experiencing significant international interest in its adoption”, said Klim.

“We have sustained steady growth over the last financial year, with a 126 per cent increase in net profit after tax, a 22 per cent growth in EBITDA and a five per cent increase in sales revenue.

“We attribute this trend of success to our excellence in product offering and significant new deals, including a ten year contact with long-term client, BNY Mellon.

“During the 2012 financial year, we signed five new client contracts with leading financial institutions, completed implementation projects with three clients and performed 79 client upgrades. So far this financial year, we have also signed two new client contracts,” said Klim.