The financial software firm has signed a five year software contract with US-owned JP Morgan, to use its Rufus transfer agency platform.
The software license and managed services agreement represents a multi-year commitment from JP Morgan and provides Transfer Agency services in Luxembourg and Dublin, through its Worldwide Securities Services division.
The transfer agency software allows record keeping for collective investment vehicles; dealing and registration; saving plans; ISA; and PEP administration.
The software also enables account tracking for those who invest in mutual funds, packaged equities, cash and hedge funds throughout Europe.
JP Morgan has an existing relationship with Bravura, which will now be extended through the J.P. Morgan Worldwide Securities Services' Transfer Agency offering, said Susan Ebenston, managing director and head of global fund services at J.P. Morgan Worldwide Securities Services.
The implementation project will commence in August 2009 and continue until 2011.
The local software vendor has also teamed up with International Financial Systems Australia Pty Ltd, (i-Financial) a company specialising in anti-money laundering software to Bravura's clients.
Darren Stevens, global head of product at Bravura said anti-money laundering has become more heavily regulated in Australia following legislation in December 2006 and as a consequence financial institutions are now required to more rigorously scrutinise their data.
i-Financial's MLTrac anti-money laundering product delivers web-based compliance tools that together help identify, track and regulate potentially suspicious or illegal activities in respect to money laundering and the proceeds of crime.
"Due to the global nature of Bravura's business, it was important to choose a partner that has a presence in both Australia and the UK and would be able to assist our clients in identifying and tracking suspicious transactions," he said.
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