Bravura extends its reach
Bravura Solutions has strengthened its position across the Asia Pacific by entering into a regional teaming agreement with IBM.
Under the contract, Bravura will provide IBM with its new range of wealth management and life insurance applications called Sonata, which will be certified on IBM’s core hardware, software and middleware platforms.
Bravura said it anticipated the agreement would enable it to leverage off a globally-recognised technology company while expanding its product support reach.
Bravura’s chief executive Iain Dunstan said the partnership was part of the company’s growth strategy to collaborate with key technology and consulting partners in order to access a broader financial services customer base.
“Bravura’s agreement with IBM is set to benefit Bravura’s customers on a global scale, with the planned roll-out of a consistent engagement and delivery model in Bravura’s operational regions, including Australia, New Zealand, Europe, the Middle East, Africa and the United Kingdom,” he said.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.