South Africa's Discovery chooses Bravura

Software_platformSoftware provider Bravura Solutions has signed a contract to supply its technology to South African financial services group Discovery. Under the deal, Bravura's Sonata software will support Discovery's new corporate savings vehicle and institutional risk products. “Sonata was the natural choice for supporting the innovative umbrella funds that we are launching into the corporate savings market,” said Kenny Rabson, chief executive of Discovery's Invest division. Tony Klim, chief executive of Bravura Solutions, said the agreement is the second major contract his firm has won in South Africa in the last 12 months. Discovery operates in a variety of sectors including healthcare, life assurance, short-term insurance, savings and investment. It serves about 10 million customers in 17 countries. ©2017 funds global mena

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