Sydney, 2 July 2009 (ASX: BVA/OTCQX: BRVSY) – Bravura Solutions (Bravura) – a leading global supplier of wealth management applications and professional services has signed a partner program agreement with International Financial Systems Australia Pty Ltd, (i-Financial) a company specialising in providing software solutions, services and equipment to a variety of banks, credit unions and financial institutions worldwide, to supply anti-money laundering software to Bravura’s clients.

Anti-money laundering has become more heavily regulated in Australia following new legislation in December 2006, and as a consequence financial institutions are now required to more rigorously scrutinise their data.

i-Financial’s MLTrac anti-money laundering product delivers web-based compliance tools that together help identify, track and regulate potentially suspicious or illegal activities in respect to money laundering and the proceeds of crime.

“Due to the global nature of Bravura’s business, it was important to choose a partner that has a presence in both Australia and the UK, and would be able to assist our clients in identifying and tracking suspicious transactions,” said Darren Stevens, Bravura’s Global Head of Product.

“Bravura continually searches for new and innovative ways to offer our clients the best the market has to offer. Outsourcing our anti-money laundering needs to a best of breed supplier, such as i-Financial, was the clear choice for our clients. We chose i-Financial because of its solid track record in providing responsive service, successful delivery and superior technical skills across a broad range of hardware, software and service offerings,” he said.

MLTrac offers a modular approach tailored to provide the appropriate level of functionality for the defined level of risk and need of each entity.

Its online capabilities capture data and relevant documentation from new customers, checking it against a range of government watch lists and electronic verification services. The product automatically detects changes in the lists and continuously sweeps the existing customer database ensuring that all customers remain compliant. MLTrac can also link into third party providers.

One of the modules, Know Your Customer (“KYC”), allows users to manage commencement and ongoing customer due diligence requirements, as well as providing a watch list checking engine to validate customers against persons of known interest. MLTrac also delivers an account monitoring module with flexible business rules to identify possible suspicious trends, and a transaction level monitoring module for identifying and investigating individual transactions as defined by the user.

“We are delighted to partner with Bravura to offer MLTrac to its client base,” said Chris Kelly, i-Financial’s Sales Director in Australia.

“In choosing MLTrac, Bravura has gained the ability to assist its clients to improve their internal disciplines, supplement their policies and procedures, and make a clear statement to authorities about their commitment to effective anti-money laundering controls,” he said.

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