Lloyds Banking Group signs five-year contract extension with Bravura Solutions

Bravura Solutions Limited (ASX:BVS)
Bravura Solutions Limited (Bravura), a leading global supplier of wealth management and funds administration software services, has bolstered its relationship with Lloyds Banking Group’s insurance business, through the signing of a five-year funds administration contract extension.
Bravura has worked with Lloyds Banking Group, one of the UK’s largest retail banks, for a number of years, providing a back office solution for registry services, investments and tax wrappers. Bravura software supports services across multiple distribution channels, including bancassurance and financial advisers for the group.
On the extension of the deal, Andy Chesterton, COO, Bravura Solutions said:
“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.”