Bravura extends Lloyds relationship by five years

Publicly-listed wealth management administration software provider, Bravura Solutions, has negotiated a five-year contract extension covering the insurance business of Lloyds Banking Group.

The contract extension was confirmed to the Australian Securities Exchange (ASX) this week with Bravura noting that the firm had been working with Lloyds for a number of years providing a back office solution for registry services, investments and tax wrappers.

It said the Bravura software supported services across multiple distribution channels, including bancassurance and financial advisers for Lloyds.

Commenting on the extension, Bravura Solutions chief executive, Andy Chesterton said the relationship had been built on an unwavering focus on cost efficiency and operational effectiveness. 

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