The project comprises a licence fee as well as implementation, maintenance and hosting services. It is expected to generate several million dollars of revenue over the initial period of the agreement.
The venture brings together Bravura's state-of-the-art technology and the market leading efficiency and skill base of Scottish Friendly.
Fiona McBain, CEO of Scottish Friendly, said: “We very much look forward to growing our business in collaboration with Bravura through the provision of enhanced wrap services and capabilities for Norwich Union's high net worth wrap proposition".
Bravura provides a suite of wealth management products to support the administration of wrap accounts, retirement savings and investments. The product is used by investment managers, banks, and product administrators to administer client holdings in the United Kingdom, Australia, New Zealand, and Asia.
The venture brings together Bravura's state-of-the-art technology and the market leading efficiency and skill base of Scottish Friendly.
Fiona McBain, CEO of Scottish Friendly, said: “We very much look forward to growing our business in collaboration with Bravura through the provision of enhanced wrap services and capabilities for Norwich Union's high net worth wrap proposition".
Bravura provides a suite of wealth management products to support the administration of wrap accounts, retirement savings and investments. The product is used by investment managers, banks, and product administrators to administer client holdings in the United Kingdom, Australia, New Zealand, and Asia.
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