Perpetual a step closer to single SOA platform
Perpetual has completed the first stage of a major consolidation of its unit registry systems with Bravura Solutions in a project that will migrate its largest legacy system onto a single service oriented architecture platform.
Commenting on the new architecture, Perpetual chief operating officer Eric Wang said the migration is the company’s first step towards creating a single wealth management platform for its entire business.
“The new Bravura applications deliver enhanced functionality, which will introduce significant improvements across our banking, custody, funds management and compliance processes while also delivering significant savings and efficiencies to our business.
“Importantly, our customers across several funds will be able to receive a consolidated view of their investment positions for the first time,” Wang said.
According to Perpetual, the move will ultimately produce better customer service outcomes and faster market responsiveness.
Recommended for you
Two commentators have shared why cultural alignment can be the biggest deal breaker when it comes to advice M&A and how to ensure a successful fit.
With an abundance of private market options coming to market, due diligence becomes increasingly important as advisers separate the wheat from the chaff, adviser Charlie Viola has said.
The Treasury has launched a consultation into how the $47 million special levy for the Compensation Scheme of Last Resort will be funded.
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
