Bravura signs contract extension with UK bank

Bravura signs contract extension with UK bank

Bravura Solutions has strengthened its relationship with a UK bank’s insurance business by signing a five-year funds administration contract extension.

Bravura is working with Lloyds Banking Group to provide a back office solution for registry services, investments and tax wrappers, according to a statement.

In addition, its software supports services across multiple distribution channels, including bancassurance and financial advisers, for the group.

“We have built this successful relationship with Lloyds Banking Group by supporting their desire to maintain a strong partnership with their customer base and an unwavering focus on cost efficiency and operational effectiveness,” Bravura Solutions chief operating officer Andy Chesterton said.

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