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Bravura Solutions Inks 10-Year Contract With BNY Mellon
Tom Burroughes
24 August 2012
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.