Recently floated Australian-based financial services platform provider Bravura Solutions has signed a breakthrough deal with IBM to provide a range of wealth management and life insurance applications in the Asia-Pacific region.
Bravura chief executive Iain Dunstan said the company had entered into a regional teaming agreement with IBM that would result in Bravura’s new suite of wealth management applications, Sonata, being certified on IBM’s core hardware, software and middleware platforms.
He said the agreement with IBM would expand Bravura’s product support reach in the region and enable it to leverage off a globally-recognised technology player from a services and market perspective.
Bravura was floated on the Australian Stock Exchange earlier this year, with the bulk of its capital raising earmarked for expansion into Europe.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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