Sydney, 30 October 2009 (ASX:BVA/OTCQX:BRVSY) – Bravura Solutions – a leading global supplier of wealth management applications and professional services – has ranked 64 amongst the FinTech 100 group of companies, as named by Financial Insights and American Banker magazine. This is the third year that Bravura has secured a position on the list and it has held steady in the same position as 2008. Bravura is the only Australian company to be ranked on the list this year.
Iain Dunstan, Group CEO and Managing Director of Bravura said: “Achieving a place in the FinTech 100 for a third year clearly reflects our solid market presence and long-term sustainability.”
The FinTech 100, now in its sixth year, is an annual listing of the world’s leading vertical technology vendors which 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 where it operates.
“We are pleased with our solid financial performance this year,” said Mr Dunstan. “During FY2009, in one of the most economically challenging years in our history, and when many companies experienced significant losses, our ability to maintain solid revenue and net profit figures provides a clear indication of our staying power and the quality of our offering.
“We have signed several new client contracts with leading financial institutions over the past year, including JPMorgan Asset Management, Health Super, Myer Family Office, Bao Viet Life and the Australian National University, and have a strong pipeline of opportunities.”
In addition, Bravura has continued to win awards and achieve placements on prominent business rankings, including a number two ranking in BRW Magazine’s list of Australia’s fastest growing companies (BRW Fast Starters), the Australian Business Award for International Trade and a position in the Finextra Innovation Showcase.
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