Target Group, the business process outsourcing and operational transformation provider, has partnered with Bravura Solutions.
The partnership follows Target’s decision to bring an enhanced digital service solution to the transfer agency (TA) market for investment firms.
It will see Target utilise Bravura’s Rufus package solution, including Rufus Messaging and Rufus Digital, as its strategic platform for third-party administration services in the UK retail TA market.
The proposition will also be supported by additional proprietary software components providing a full end-to-end TA processing platform.
Mike O’Connor, investment client director at Target Group, said: “Recent times have been challenging for transfer agency providers as they respond to much regulatory change. As a result, firms are reviewing their current outsourced relationships and focus will return to service improvements and development.”
“Linking up with Bravura to offer this solution will offer the greatest opportunity to provide a stable and consistent end-to-end service for future investment clients.
He added: “With the backing of our parent company, Tech Mahindra, we also have the scale and technical expertise to be able to disrupt a market that has been predominantly dominated by a limited number of providers.”
Andy Chesterton, COO at Bravura commented: “Bravura are delighted to have been partnering with Target on the deployment of the Rufus suite of modern, proven solutions for TA admin, straight-through processing and digital for the last two years. We are excited to be working with them on their future initiatives.”
