The FinTech 100 is an annual listing of the worldâs leading vertical technology vendors which generate more than one third of revenues from the financial services sector.
Global revenue was a key component for Bravuraâs standing, attesting the companyâs strengthening presence across the Australia and New Zealand, UK, European and Asian markets.
Iain Dunstan, Group CEO and Managing Director, Bravura Solutions said: âThis award is a proud achievement for Bravura. 2007 has been a strong year for the company, which generated significant revenue growth and momentum across all regions of operation. âEntry into the FinTech 100 represents a key milestone for Bravura and stands testament to its market leading global presence in financial services.â
Changes to legislation governing investment and pension systems have driven IT spending across the financial services sector globally. Customer retention initiatives and new account growth have seen an increase in demand for Bravuraâs wealth management applications and services.
During FY2007, Bravuraâs results were driven by a combination of organic revenue growth and strategic business acquisitions, with impressive growth across all regions:
- Australia â a 14 per cent increase on FY2006
- New Zealand â a 98 per cent increase on FY2006
- Asia â a 1290 per cent increase on FY2006
- United Kingdom/Europe âa 1073 per cent increase on FY2006
FinTech 100 rankings are determined on the basis of calendar year-end revenues and the percentage of revenues attributed to financial services.