Bravura Solutions Limited today announced that it has signed a long-term contract with existing client, ASB Bank Limited (ASB), for the implementation of its Sonata platform. Sonata will underpin ASB’s integrated KiwiSaver, retail and group investments business.
ASB, a subsidiary of the Commonwealth Bank of Australia, is a leading New Zealand financial services provider, serving over 500,000 retail and employer customers in the KiwiSaver, investment, insurance, platform and securities markets. Having recently embarked on a new phase of innovation and growth, ASB will leverage Sonata to drive the delivery of innovative real-time digital offerings to customers.
Sonata is a next-generation wealth management solution, capable of supporting investment, wrap, pensions and life insurance products across multiple distribution channels. It provides clients with a customer-centric digital platform that can streamline administration and increase cost efficiencies though powerful inbuilt workflow process automation.
Adam Boyd, Executive General Manager of Wealth at ASB Bank said: “Following a competitive process, we chose Sonata as part of a wider growth strategy to enhance our digital service offering to our customers. Sonata’s rich functionality will allow us to deliver new real-time digital customer experiences, and achieve enhanced customer engagement through heightened levels of online interactivity.”
Jason Tong, Director of Business Development at Bravura Solutions said: “We are delighted to partner with ASB on this key modernisation program, which is testament to the strength of our longstanding relationship. We look forward to ASB using Sonata’s modern, open interfaces to provide its customers with state-of-the-art digital experiences.”
The ASB Sonata implementation project has commenced.
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