Sydney / London, 25 October 2010 (ASX: BVA) – Bravura Solutions Limited (Bravura) – a leading global supplier of transfer agency and wealth management software applications and professional services – is the only Australian company to have been listed among the world’s top 100 technology vendors by Financial Insights and American Banker magazine. Ranked 68, this is the fourth year that Bravura has secured a position on the FinTech 100 list.
Simon Woodfull, Group Chief Executive Officer of Bravura said: “We are proud to have secured a place in the FinTech 100 for a fourth consecutive year. To have maintained this ranking throughout a period of significant financial market turmoil is a clear reflection of our consistently solid performance and long-term strategic focus.”
The FinTech 100, now in its seventh year, is an annual listing of the world’s leading vertical technology vendors that generate more than one third of revenues from the financial services sector. Global revenue was a key component for Bravura’s standing, attesting to the company’s strong presence across the APAC and EMEA regions.
“Bravura Solutions experienced credible profit growth in 2010. Despite difficult financial circumstances, we consolidated our market position by remaining focused on building and maintaining strong relationships with our existing client base, while continuing to sign agreements with key new clients,” said Mr Woodfull.
“Our plan now is to leverage our strong financial position to further develop our product solutions and enhance our customer service as we seek to further grow our business in the APAC and EMEA regions. We are currently experiencing significant industry interest in our wealth management offering and are in an excellent position to expand our market leading solutions, in particular Sonata. Sonata is our next-generation wealth management solution that we believe will become an industry benchmark for its rich functionality and technological capabilities.
“During 2010 we have remained strong in client recruitment and retention. We have signed five new client contracts with leading financial institutions and have completed implementation projects with key clients across the globe.”
FinTech 100 rankings are determined on the basis of calendar year-end revenues and the percentage of revenues attributed to financial services.
To view the FinTech special report, visit www.AmericanBanker.com/fintech100