Bravura Solutions has announced that long-term client, specialist life insurer, TAL, has selected Bravura's Sonata software solution to administer its superannuation, pensions and investment business.
David Gillespie, Chief Information Officer, TAL said: "We selected Sonata as it provides a single, unified platform built in modern technology onto which we can consolidate multiple lines of business. Sonata will enable us to reduce complexity and accelerate business innovation.
"Sonata also aligns well with our customer-centric strategy. As a multi-channel organisation that provides access to products both directly and through advisors, enhanced integration between our front and back office will allow TAL to deliver more compelling offerings, increase efficiency and enhance customer experience.
"TAL continues to invest in simplifying our overall product and platform to better benefit our customers. TAL wants a best in class customer experience. TAL chose Sonata for its superannuation, pensions and investment business following a careful due diligence process that considered the solution from both a technology and business functionality perspective".
Roland Slee, Managing Director – APAC, Bravura said: "We are proud that TAL has chosen Bravura to provide its next-generation wealth management platform. TAL has been a Bravura client for more than 15 years and this new agreement will secure that relationship into the future.
"The Sonata platform provides TAL with access to proven, mature and rich business functionality, underpinned by thoroughly modern and open technology. This will deliver the flexibility, scalability and performance TAL need for speedy innovation and future growth.
"Our pipeline of Sonata opportunities is now rapidly converting. These opportunities have taken time to mature but we are now seeing rapid Sonata adoption. Bravura has hired in excess of 100 new staff in the past year and is developing a number of important partnerships to ensure that we can provide excellent service to clients embracing Sonata".
Sonata is Bravura’s unified wealth management platform providing customer-centric administration of life insurance, superannuation, pension and investment/wrap products. Sonata provides rich business functionality delivered in pure Java and Oracle technology. The solution includes workflow, analytics, mobility and straight through processing capabilities.