Bravura Solutions Limited (Bravura) – a supplier of wealth management applications and professional services, has completed the implementation of Babel, a straight through processing (STP) solution for J.P. Morgan Asset Management in the United Kingdom (UK).
J.P. Morgan is a long-term Bravura client, having previously implemented the Rufus global transfer agency solution. The most recent project employed Bravuras Babel application to process trades for life funds in J.P. Morgan Asset Managements Transfer Agency Operation.
Bravuras Babel is an intelligent STP financial messaging solution. It automates external linkage to a variety of markets and counterparties, using almost any message medium or format. Babel seamlessly adapts to any necessary business logic, directly or via the worlds major platforms and comprises an extensive set of modules that manage different messages and transactions, external connectivity to particular markets and platforms, as well as specific message protocols.
We needed a STP solution for our Life Funds client which also supported the ISO 20022 ViaNova message format, says Dan Watkins, head of european operations, J.P. Morgan Asset Management. Our long-standing partner, Bravura, had the products and capability to support complex asset management operations, making them the perfect fit for our requirements. The implementation of Babel has extended our STP capacity in the UK and, importantly, supports ViaNova standard instructions.
Implementation of Babel at J.P. Morgan Asset Management was completed in 2009 when the company immediately began to receive live trades. All milestones were achieved on time and did not impact service to J.P. Morgans clients.
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