Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions, announced today that KPN, the leading telecommunications and ICT service provider in the Netherlands, has selected Reval to integrate and streamline its cash management, risk management and hedge accounting.  For KPN, the combination of strong risk, compliance and robust cash management capabilities delivered via a single SaaS solution was a key factor in selecting Reval. Reval will allow the company to further automate and optimise treasury and accounting workflows, risk management, hedge accounting and reporting.  “Reval are delighted to add KPN to our growing list of clients in the BeNeLux region," says Nigel Sirett, Managing Director EMEA at Reval. “Innovative companies like KPN appreciate the value of Reval´s SaaS TRM solution for its flexibility and scalability, and the ability to continually align treasury with their organisation´s business strategy." 

Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions, announced today that Investa Office, one of Australia’s largest unlisted owners and managers of commercial real estate, will transition their entire treasury workflows and derivative portfolio to Reval. “We selected Reval based on the flexible and user friendly nature of its SaaS TRM solution and the level of the platform’s security,” says Michael Kang, Assistant Treasurer at Investa Office. “The list of top corporates that are Reval’s clients is a reflection of the company’s quality of service and product.” “We’re thrilled to welcome Investa Office to our client community and to be the strategic partner they were looking for," says Tony Singleton, Managing Director Asia Pacific at Reval. "In addition to streamlining derivative and exposure management, Reval will help the Investa group to comply with IFRS 13 providing them with advanced capabilities to calculate Credit Value Adjustments (CVA) and Debit Value Adjustments (DVA)." 

Reval, a leading global Software-as-a-Service (“SaaS”) provider of comprehensive and integrated  Treasury and Risk Management (“TRM”) solutions, announced today that Europe Arab Bank plc (“EAB”) has selected Reval to help automate and streamline hedge accounting and assure compliance with current and up-coming regulations. “Confronted with increasing hedge volumes, P&L volatility and the regulatory requirements under IAS 39 and upcoming IFRS 9, EAB decided to replace its manual processes and disparate systems with a single SaaS solution for hedge accounting," says Mohammad Shoaib Memon, CFO at EAB plc. “Reval will help us to increase operational efficiency, reduce income statement volatility and assure ongoing compliance.” “Hedge accounting is becoming increasingly important and more in alignment with financial risk management strategies," says Peter Reynolds, Regional Vice President Western Europe at Reval. “Reval is happy to provide forward-looking corporates and banks, such as EAB, with solutions and expertise to implement hedge accounting best practices and keep pace with regulatory change." About Europe Arab Bank Europe Arab Bank plc (EAB), part of the Arab Bank Group, offers clients a rich heritage combined with a focused, progressive offering structured to meet the needs of today's international clientele. EAB is headquartered in London, incorporated in England and Wales and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK. Europe Arab Bank plc is a wholly-owned subsidiary of Arab Bank plc, an international bank established 80 years ago, with a global network of more than 500 branches and offices in 30 countries and five continents. About Reval Reval is a leading, global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. Our cloud-based software and related offerings enable enterprises to better manage cash, liquidity and financial risk, and includes specialized capabilities to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently and efficiently in an increasingly complex and volatile global business environment. Using Reval, companies can optimize treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific.

Reval, provider of comprehensive and integrated Software-as-a-Service solutions for Treasury and Risk Management (TRM), announced today that it ranked 303 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking represents growth of 284 percent over a five-year period and is Reval’s fifth consecutive year ranking on Deloitte’s Technology Fast 500™. Reval Chief Executive Officer and Co-founder Jiro Okochi credits the company’s revenue growth to a combination of transformative factors in treasury and its SaaS-based delivery of a comprehensive and integrated TRM solution that meets the needs of large, complex global companies. “Financial risk management is now a central consideration to treasury organizations around the world, which need to manage risk holistically, along side its day to day cash and liquidity planning," Okochi says. Reval, founded in 1999, came to market in 2001 with a one-to-many Software-as-a-Service solution to help large, global companies manage their financial risk. In 2011, the company expanded its offering to include cash and liquidity management on the same SaaS platform. In only two years, Reval has garnered over 50 SaaS TRM clients using both cash and risk on the same platform. Reval has over 575 clients in more than 25 countries. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America

With financial year-end fast approaching for many companies, financial professionals may want to outsource the valuations of their derivatives to mitigate non-compliance with International Financial Reporting Standard, IFRS 13, which came into effect at the beginning of this year, says Reval, a global Software-as-a-Service (SaaS) provider of Treasury and Risk Management (TRM) solutions.  In a recent Reval poll of European financial professionals, only 14 percent said that they are confident they will meet compliance with the new requirements, and 86 percent said they are still struggling to understand the standard or are unsure of how to implement it. IFRS 13 changed the definition of fair value and how it is to be calculated. Under the new standard, a counterparty’s credit risk, or Credit Value Adjustment (CVA), must be taken into account when valuing derivatives, and an entity’s own credit risk, or Debt Value Adjustment (DVA), must be accounted for as well. "Application of credit adjustment introduces noise to the hedge structure, potentially leading to hedge ineffectiveness,” explains Günther Peer, Regional Vice President of Solution Consulting, EMEA at Reval. "As CVA and DVA calculations are complex, and the preferred approach should be coordinated with the corporate´s auditor or advisory firm before implementing, outsourcing to a reliable partner is probably a viable option to assure compliance at year end."  Reval offers a subscription-based outsourcing service, Reval Center™, which provides derivative and financial instrument valuation, hedge accounting and compliance reporting on behalf its clients. Reval’s in-house experts use the SaaS TRM solution to manage the processing and provide periodic reporting. Forty-four percent of financial professionals polled also reported that they intend to use spreadsheets for their calculations. “Calculating CVA and DVA with spreadsheets will be very challenging this close to year-end,” says Peer. “As fair values have to be determined on an ongoing basis, outsourcing is a more efficient and reliable choice, considering the additional time spent on a monthly basis and the operational risk of relying on spreadsheets.” 

Reval, a Software-as-a-Service (SaaS) provider of comprehensive and integrated  Treasury and Risk Management (TRM) solutions, announced that Niclas Osmund will bring support and strategic guidance to corporate treasurers in Northern Europe, providing them with advanced technology solutions for sustainable success to challenges facing their organizations. “As treasurers are focusing more on risk, we expect the Nordic region´s innovative companies to lead the way in transforming their treasury organizations into a more strategic function,” says Nigel Sirett, Managing Director EMEA at Reval. “With more than 20 years’ experience in finance and technology, Niclas will be a valuable asset to our growing client base in the region.” Osmund brings expertise in banking, treasury, information technology and consulting from positions with Stockholm-based companies such as SEB, N&G Financial Management and ABN AMRO. Prior to Reval, Osmund was Director of Sales Transaction Banking, Financial Services at Tieto AB, where he worked closely with prospects and clients in the Nordic and Baltic region as well as the UK.

Bravura Solutions Pty Limited (Bravura) – a trusted supplier of transfer agency, wealth management and life insurance software applications – is one of only two Australian companies to have been listed among the world’s top 100 technology vendors to financial services companies by IDC Financial Insights. This is the eighth consecutive year that Bravura has secured a place in the FinTech 100 list. 

The FinTech 100, now in its eleventh year, is an annual listing of the world’s leading technology vendors that generate more than one third of their revenue from the financial services sector. 

Chief Executive Officer at Bravura, Tony Klim, said: “We are delighted to have once again, been recognised by the industry for our ongoing innovation and excellence in development and delivery of modern technology solutions and customer service. We have enjoyed global success with our next generation wealth management and life insurance solution, Sonata, having already secured 12 contracted engagements in Australia, New Zealand, Asia and the UK.”

In the first half of 2014, Bravura announced three new contracts across Australia and New Zealand, with TAL, Tech Mahindra and Trustees Executors – all for Sonata. The finalisation of a further two UK engagements with leading blue chip organisations is imminent.    

“Built on modern, open, scalable technology with the flexibility to meet changing customer needs, Sonata is becoming well recognised in the industry for the efficiency it delivers, and its ability to enable business growth, from day one and into the future.

“Backed by a team of specialist consultants, our clients are maximising the value of their software investment, and benefitting from low risk implementation enabled by our development methodologies and approach. 

“Our technology, underpinned by 30 years of experience and expertise that Bravura brings, is delivering a very compelling proposition to the market,” said Klim. 

Bravura Solutions Pty Limited (Bravura) has announced an expanded role for the current global Director of Strategy, Darren Stevens. Stevens, who joined Bravura in 2007 and is based in Melbourne, has been appointed Director, Product Management and Strategy for global wealth management. In addition to his previous strategy role, he will be responsible for the global strategic direction and product management of Bravura’s wealth management suite, including wrap and platform, investment, superannuation, life insurance and portfolio administration products. Stevens will be managing a global team spanning the APAC and EMEA regions. He will continue to report directly to Bravura’s global Chief Executive Officer, Tony Klim. Klim said: “We are delighted that Darren has agreed to expand his role at Bravura. His deep product and industry knowledge, coupled with more than 26 years of industry experience – including his previous strategy role – make him the perfect fit for this newly created position. “With 12 contracted Sonata engagements underway and another two close to contract completion, we are seeing rapid market acceptance and adoption of our software throughout APAC and EMEA, across multiple business lines. This growth has been the catalyst for Bravura to ensure global coordination and prioritisation of individual client Sonata development, alongside company funded R&D.” Commenting on his new role, Stevens remarked: “I’m excited to expand my role and team at Bravura. A key focus area going forward will be to ensure our products and solutions closely align not only with our corporate strategy, but also – more importantly – with the needs of our client base, the market / industry direction and future innovation.” - See more at: http://www.financialit.net/news/view/Bravura%20Solutions%20enlarge%20responsibilities%20of%20%20the%20current%20global%20Director%20of%20Strategy,%20Darren%20Stevens/24014#sthash.sxawsk5b.dpuf

Bravura Solutions Pty Limited (Bravura) has announced the appointment of a new Chief Financial Officer (CFO). Martin Deda has been appointed to the CFO role, reporting directly to Bravura’s global Chief Executive Officer, Tony Klim.  He will also serve as an Executive Director on the Board of Bravura. Klim said: “We are delighted to welcome Martin to the company and the Executive team. With more than 19 years’ experience in senior finance and operations roles, predominately within the IT and professional services industry sectors, his extensive knowledge and expertise will be a valuable addition to our growing organisation.” Deda’s most recent position was as Chief Operating Officer (COO) / CFO for leading regional law firm Minter Ellison. In this role, he had overall responsibility for the firm’s financial and management accounting and reporting, tax, treasury, commercial and bid support, facilities management, IT infrastructure, applications and support, and corporate/office services. Prior to joining Minter Ellison, Deda had built a long and successful career in numerous finance positions. In July 2008, he was appointed CFO of iSOFT Ltd, an ASX200 listed global Healthcare IT provider. This role included responsibility for tax, treasury, financial and management accounting and reporting, investor relations, company secretarial, commercial, M&A and bid & contract management. Previous to this, Deda served as regional COO / CFO with CSC for Central and Eastern Europe, and he also held senior finance and operations roles at TNT and StorageTek in EMEA. At CSC and StorageTek, he was a key member of highly effective management teams that significantly improved the performance of these businesses. This was preceded by eight years of management consulting experience at PA Consulting Group, leading projects in Australia, UK, Netherlands and Germany, focusing primarily on M&A, performance improvement and re-engineering. Commenting on his new role, Deda remarked: “Given the strong global interest Bravura is experiencing for its wealth management and life insurance applications, this is an exciting time to join the company and play a role in its future growth and development. I look forward to applying my finance skills and international experience, as well as my deep expertise in technology services, to continuously improving the performance of the business.” Deda studied Economics and Accounting at the University of Western Australia and at the Australian National University. He has a Master of Business Administration from the University of Sydney and a Bachelor of Science from the University of New South Wales. He is a Certified Practicing Accountant (FCPA, Australia) and a Graduate of the Australian Institute of Company Directors (GAICD). Deda will officially commence his role on 22 September 2014. - See more at: http://www.financialit.net/news/view/Bravura%20Solutions%20hires%20new%20Chief%20Financial%20Officer/23916#sthash.grGVNzKH.dpuf