Bravura’s Babel microservice processed over GBP1 trillion worth of investor transactions in March
Bravura Solutions has announced that its Babel messaging microservice handled a record level of investor transactions for the month of March, processing orders totaling over GBP1 trillion.
Nick Parsons, CEO at Bravura says: “Babel is trusted by leading financial institutions such as BNY Mellon, Legal & General, Ascentric and T Bailey to process their order flow, no matter how much market volatility or client on-boarding increases trade volumes. Babel’s ability to deliver consistent service while flexing and scaling to meet increasing demand is a key benefit delivered to our clients.
“Making sure our clients’ customer orders are reliably processed regardless of volume is what makes Babel the leading messaging microservice. These latest figures demonstrate the scalability and resilience that enables our clients to deliver excellent service to their customers.”
In the month of March more than 1.3 million deals were processed through Bravura’s Babel microservice with a total value of over GBP1 trillion.