Global accolade for Bravura
Bravura Solutions has been listed as one of the world’s top 100 financial technology companies by the prestigious Financial Insights and American Banker magazine — the only Australian company to appear on this year’s list.
The FinTech 100 is an annual listing of global vertical technology vendors that generate more than one-third of revenues from the financial services sector.
Significant revenue growth and momentum across all regions of Bravura’s global operation in 2006-07 was a “key component” of its standing in the listings, according to chief executive Iain Dunstan.
“Our results were driven by a combination of organic revenue growth and strategic business acquisitions, with impressive growth across all regions.”
Dunstan attributed the revenue growth to changes in legislation governing investment and pension systems that has driven IT spending across the financial services sector globally.
In addition, he said customer retention initiatives and new account growth have seen an increase in demand for Bravura’s wealth management applications and services.
The regional revenue growth figures for 2006-07 included a 14 per cent increase in Australia on 2005-06, and a 98 per cent increase in New Zealand.
Even more spectacular, Bravura posted a 1,290 per cent increase in Asia, and a 1,073 per cent increase in the United Kingdom/Europe.
Recommended for you
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.
