Perpetual a step closer to single SOA platform
Perpetual has completed the first stage of a major consolidation of its unit registry systems with Bravura Solutions in a project that will migrate its largest legacy system onto a single service oriented architecture platform.
Commenting on the new architecture, Perpetual chief operating officer Eric Wang said the migration is the company’s first step towards creating a single wealth management platform for its entire business.
“The new Bravura applications deliver enhanced functionality, which will introduce significant improvements across our banking, custody, funds management and compliance processes while also delivering significant savings and efficiencies to our business.
“Importantly, our customers across several funds will be able to receive a consolidated view of their investment positions for the first time,” Wang said.
According to Perpetual, the move will ultimately produce better customer service outcomes and faster market responsiveness.
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