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.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
