Recently floated Australian-based financial services platform provider Bravura Solutions has signed a breakthrough deal with IBM to provide a range of wealth management and life insurance applications in the Asia-Pacific region.
Bravura chief executive Iain Dunstan said the company had entered into a regional teaming agreement with IBM that would result in Bravura’s new suite of wealth management applications, Sonata, being certified on IBM’s core hardware, software and middleware platforms.
He said the agreement with IBM would expand Bravura’s product support reach in the region and enable it to leverage off a globally-recognised technology player from a services and market perspective.
Bravura was floated on the Australian Stock Exchange earlier this year, with the bulk of its capital raising earmarked for expansion into Europe.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.