The FinTech 100, now in its eighth year, is an annual listing of the worldâs leading technology vendors that generate more than one third of revenues from the financial services sector.
Tony Klim, Chief Executive Officer of Bravura said: âWe are proud to have secured a place in the FinTech 100 for a fifth consecutive year. It is testament to the quality of our software, business and people that we maintain our position as the only Australian company on this prestigious global list.â
Bravura launched its next generation wealth management platform, Sonata, at the end of 2010.
Providing a single administration solution for life insurance, trust, pension/annuity, group superannuation/pension and UK wrap, Sonataâs comprehensive capabilities include an easy to use web based user interface, sophisticated workflow modelling and business intelligence reporting.
âWith two clients already signed to the platform, we are experiencing increasing industry interestâ, said Klim.
âNow, more than ever, Bravura is well positioned for long-term future growth, with a 90 per cent improvement in EBITDA for FY2011 and sound operating cash flow.
âWe attribute this trend of success to our strategy of geographic diversification, developing a strong product offering and delivering quality financial software to a blue chip client base.
âDuring the 2010 calendar year we also signed three new client contracts with leading financial institutions and completed implementation projects with two clients. So far this calendar year, we have signed four new client contracts and have completed implementation projects with a number of key clients,â said Klim.
FinTech 100 rankings are determined on the basis of calendar year-end revenues and the percentage of revenues attributed to financial services.