Bravura Solutions, the wealth management technology company, has signed a 10-year contract with BNY Mellon as the US firm consolidates its transfer agency technology across its European business.

The agreement includes a contract extension for Bravura’s cross-border transfer agency platform, known as Rufus, which is already used by BNY Mellon for multi-currency and multi-jurisdictional global fund distribution.

The US bank will also deploy Babel, Bravura’s straight-through-processing messaging platform and Bravura’s taWeb real-time portal.

The deal also includes ongoing professional services work and a managed hosted service agreement.