MGM Advantage extends Bravura implementation

Source: Bravura Solutions Limited

Bravura Solutions Limited (Bravura) - a leading global supplier of wealth management applications and professional services - today announced that it has completed another successful implementation of its Talisman system with UK financial services company, MGM Advantage.

MGM Advantage is an existing client of Bravura's UK operation and already uses Talisman to administer its life insurance business. The latest Talisman project was initiated to replace MGM Advantage's legacy mainframe system, providing increased functionality and opportunities for platform growth.

"We are delighted with the recent implementation of Talisman within our business," said Chris Evans, MGM Advantage's CEO. "The project successfully went live in early June, over a smooth conversion weekend, and the feedback from end users of the system has been very positive."

Talisman is a suite of products for life insurance, pension and wrap providers for the administration of retirement savings, investment and risk products. The range is used by investment managers, banks, and product administrators to administer client holdings of more than A$3 billion / £1.19 billion in Australia, New Zealand, the United Kingdom and Asia.

"Bravura is pleased to continue work with MGM Advantage on this latest installation which successfully extends the company's use of the Talisman system," said Tony Klim, EMEA CEO at Bravura Solutions.

"We look forward to continuing to support MGM Advantage's future growth and this will be realised through further planned projects, enhancing MGM Advantage's innovative offerings," he said.

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