Bravura Solutions Limited (Bravura) - global supplier of transfer agency, wealth management and life insurance software applications and professional services – is one of only two Australian companies to have been listed among the world’s top 100 technology vendors to financial services companies by Financial Insights and American Banker magazine. Up three positions from last year to a ranking of 70, this is the seventh year in a row that Bravura has secured a position in the FinTech 100 list. 

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

Tony Klim, Chief Executive Officer at Bravura said: “We are extremely proud to have once again secured a place in the FinTech 100. Our inclusion in this prestigious list stands testament to our market leading position, as we continue to set the benchmark for modern technology solutions coupled with excellence in customer service.

“Our success is evidenced by a number of new sales and completed projects over the previous financial year, including eight new contracts signed with leading financial institutions such as  Bank of New York Mellon and VicSuper, over 30 completed implementations and more than 50 client upgrades.

“We are rapidly building success with Sonata, our flagship wealth management and life insurance solution. Built with modern, open, agile technology, it provides the tools to meet clients’ changing needs and enhance business growth well in to the future.

“We have a solid pipeline of Sonata opportunities, and are excited by the level of industry interest we are receiving”. 

- See more at: http://www.financialit.net/news/view/bravura-solutions-secures-position-in-fintech-100-for-seventh-consecutive-year/21339#sthash.1JiFiG4X.dpuf

Bravura Solutions Limited (Bravura), global supplier of transfer agency, wealth management and life insurance software, is pleased to announce a five-year agreement with an existing state government superannuation client, for the use of Bravura’s Babel software as a SuperStream messaging compliance solution. This is the second sale of Babel since its introduction to the Australian market in December last year.

Jason Tong, Chief Operating Officer - APAC, Bravura said: “We are delighted to be assisting our client to comply with both the 2013 (rollover) and 2014 (high volume contributions) phases of the new SuperStream regulations.

“We are finding that many funds preparing for the 2013 rollover element of the new regulations have adopted tactical solutions that are unlikely to deliver the full efficiencies or member outcomes intended from the SuperStream initiative.

“This implementation will ensure our new client achieves these efficiencies and member outcomes with ease.”

Bravura’s Babel can be leveraged to support real-time reporting to other parties such as the ATO, investment managers and custodians, achieving outstanding levels of data quality and automation for what have historically been manual, labour intensive tasks.

Babel is a mature and proven software solution that enables Australian superannuation funds to comply with SuperStream messaging requirements. It is pre-integrated with Bravura’s superannuation administration systems, and can integrate with third party administration and workflow systems to support complex client environments.

A flexible financial messaging system, Babel supports a wide range of integration models including files, native APIs, web services and message queues. It is a Java/Oracle solution that can be deployed locally or provided as a hosted solution.

- See more at: http://www.financialit.net/news/view/bravura-solutions-secures-additional-superstream-babel-client-in-australia/20692#sthash.2CHqrbGi.dpuf

Etrali Trading Solutions, the global compliance and unified communication services integrator for trading, announces today at TradeTech that it enhances its portfolio of solutions with Call Match and Recording Check. These services help compliance officers and IT managers at financial institutions be proactive in their management of regulatory issues directly affecting the organisation’s voice recording estate.

With the ever-increasing need to ensure a complete, accurate and quality record of all telephone calls on a trading floor, as required by rapidly changing regulation, financial market participants need assurance that their voice recording ecosystems are efficient and compliant. MiFID II requires regulated firms to record all telephone calls and electronic communications that are intended to result in a transaction. Businesses are also required to continuously monitor the operational activities and risks of voice recording ecosystems.

“Call Match and Recording Check monitor critical components of the compliance lifecycle, allowing compliance officers and IT managers to be aware of potential risks. Our solutions mitigate the risk of lost recordings that might result in regulatory censure or fines, by providing reports on potential problems and recording loss. Compliance officers are looking for peace of mind when facing challenges such as longer retention periods and increasingly prescriptive regulations. Accurately recording and storing vast amounts of data, as well as retrieving and accessing this data, are key concerns. Timely access to accurate data when needed, enabling regulatory impact analysis is a key asset,” said Robert Powell, Global Head of Compliance and Product Management at Etrali.

Focusing on problem solving, Call Match and Recording Check are time-saving automated services, testing each phone, turret, line and recorded communications channel, enabling all sizes of trading floor even very large ones to be fully checked daily and ensuring:

• Reliability of infrastructure by the monitoring of phones and associated recorded channels
• Availability to check for faults and provide minimal delays in failure discovery
• Control of the entire trading communications ecosystem including phones, turrets, lines and recorders
• Accurate vision of recording efficiency with early warning reports

These services test all recorded channels, from turrets to fixed line calls, to ensure all audio streams are systematically and effectively recorded. The services are available for Etrali turrets as well as a set of common PBX and recording systems. The implementation of services such as Call Match and Recording Check assists customers in managing operational risks more efficiently and provides a proactive approach to the monitoring required to prevent major compliance issues. It enables IT teams and compliance officers to take action on potential issues before they impact the business.

Etrali Trading Solutions is launching these new additions to its product portfolio at TradeTech, a leading equities and trading event being held on the 14^th and 15^th April in Paris.

Misys, the leading financial software company, has today announced that it has won two categories of the annual Structured Products Technology Rankings 2015.

The Structured Products Technology Rankings are awarded annually in recognition of the top buy side and sell side firms participating in the market. The magazine arranges a survey every year to poll professionals from various financial institutions including banks, asset management firms and insurance companies. This year Misys has achieved the top position in the Trading Systems Credit and Risk Management Limits categories.

The company has consistently been recognised for its innovation in the industry, and this award follows several recent accolades including the FSTech Awards where Misys was presented with three awards across risk management, trading systems and online technology. Misys clients rely on its solutions to be the most advanced on the market, ensuring effective risk control and helping them to comply with regulations, and awards show Misys strong position as a leader in their risk management and capital markets software.

Misys has invested in research and development to entirely rethink and redesign their risk management and capital markets platforms and architecture, ensuring that Misys’ clients always have access to the best technology on the market. Taking onto account the new challenges facing the financial sector, Misys vision supports the financial institutions that want to be truly agile and are willing to adapt to continued change in order to find their competitive edge and outperform their peers.

“We are very pleased with our success in this years Structured Products Awards,” said Boris Lipiainen. Global Head of Product Management at Misys. “This is solid evidence of the superior coverage and capabilities of our solutions, and testament to the skill of our employees who develop these. We are constantly looking to enrich our solutions and it is great to see these efforts being recognised by our clients and the readers of Structured Products magazine once again.”

Bravura Solutions Limited (Bravura), is pleased to announce that it has achieved the GoodAccreditation Standard for the third year running. The accolade is given by Goodacre UK, a leading specialist consultancy for the financial services industry. To attain the standard, Bravura had to meet the strict accreditation criteria, which validates the quality of its platform and transfer agency propositions.

Goodacre UK Managing Director Stephen Pinner said: “Each year we obtain feedback from system users and, based on these comments, award the GoodAccreditation standard. Bravura has received accreditation for the third year in a row, demonstrating a sound and consistent performance.”

“It is a great privilege to win an accreditation hat-trick,” said Bravura’s Chief Executive Officer Tony Klim. “The GoodAccreditation Standard recognises our continued commitment to our clients, and product R&D. It is reflective of the recent global success we have had with Sonata, our next generation platform technology.”

Tony added, “We’re pleased to have supported some of our clients for more than 30 years and are a trusted provider to many of the world’s leading financial institutions. This success is a credit to the dedication and expertise of our employees.” - See more at: http://www.financialit.net/news/view/bravura-solutions-celebrates-goodaccreditation-standard-hat-trick/23392#sthash.bXumAjIe.dpuf

On June 12 ARQA Technologies held its first workshop for clients and partners in London. The participants of the event represented over 10 international investment groups and specialized consulting agencies as well as the London Stock Exchange and MTF Turquoise.

The speakers from ARQA Technologies introduced the company and described functional capabilities of the QUIK trading platform emphasizing its risk management capabilities. In their presentations they demonstrated how QUIK is used to improve risk management by way of “FIX2LSE” fast pre-trade control solution as applied for the London Stock Exchange sponsored access trading. Other examples included collateral optimization approach for cross-margining operations as well as integration of QUIK’s risk management solution into any trading infrastructure by means of FIX protocol.

ARQA Technologies believes that such workshops (also called seminars) are beneficial for their clients. As a rule these seminars are designed so as to address actual needs and expectations of existing and potential clients. The largest event of this kind for a widest range of ARQA’s customers and partners is conducted annually in Moscow.

With the theme 'Make Sense of Risk', the 2015 ABA Risk Management Forum is scheduled to be held from April 15 to 17 at the Hyatt Regency, St. Louis, Missouri. This year's forum will cover the range of risk areas facing today's banks, including enterprise, operational, regulatory and security to understand key insights risk managers need to identify, monitor, measure and control risk across the banking enterprise. Featuring leading best practices and practical tools to make sense of risk landscape impacts banks, the forum is a must attend for risk professionals in banks and financial institutions.

At the forum, Fintellix will be showcasing its ALLL Manager product which is an integrated yet modular solution to measure, monitor, manage and report ALLL. With regulators having intensified their scrutiny of ALLL methodology by focussing on the entire process, right from classification and segmentation of the Loan Portfolio through to the final reporting, Fintellix ALLL Manager is by far the most agile and comprehensive tool available, that covers dynamic auditor and examiner requirements. Also, given the impending regulatory shift to the new Expected Loss Method (CECL Model) having added its own set of challenges, Fintellix ALLL Manager helps banks transition smoothly to the new methodology with features such as storing loan level data and running all calculations at the most granular level.

In addition to ALLL calculation, Fintellix also helps banks track and manage asset quality definitions with in-built features for early warning signals on asset deterioration. Moreover, Fintellix Cloud enables banks to reuse their data for portfolio and operational analytics as well.

Built by bankers, Fintellix ALLL Manager is a solution that is meant to be used by bankers with minimal dependency on IT. Featuring a straight-through process and incorporating all process-related requirements prescribed by regulators, Fintellix ALLL Manager is delivered on a flexible, future-proof, next generation Data Analytics platform. Fintellix ALLL Manager is now also available via the Fintellix Cloud, which besides reducing overall TCO also shrinks implementation timelines dramatically. Fintellix Cloud eliminates concerns around managing hardware and software, because the solution leverages the capabilities of a secure, shared infrastructure with a transparent exit strategy, automatic upgrades and scalability where banks pay as per usage.

The Fintellix ALLL Manager product is available direct from Fintellix and also via its partners in the US, i.e. La Meer Inc. and Business Intelligence LLC. As a special offering for ABA bank members, Fintellix will also be extending a limited period offer of a free proof of concept of the ALLL product during the forum.