The contract will help BNY Mellon in continuing the consolidation of its transfer agency technology onto Bravura’s platform across its European securities servicing business.
The agreement includes a contract extension for Bravura’s global, cross-border transfer agency platform, Rufus, which is already used by BNY Mellon for multi-currency and multi-jurisdictional global fund distribution.
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Further, BNY Mellon will deploy Babel, Bravura’s STP messaging platform and Bravura’s taWeb real-time portal, which provides third-party administrators, fund managers and their distribution communities with online access to consolidated investor transactional data across multiple back-office systems.
The deal also includes ongoing professional services work and a managed hosted service agreement.
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