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FundsNetwork in talks to outsource back office technology

Fidelity Fundsnetwork is in talks to outsource its back office platform technology.

Money Marketing understands the platform has been in talks with Bravura Solutions among other firms over a deal.

Yesterday, Royal London-owned wrap Ascentric announced it had signed a software deal with Bravura.

The deal sees Bravura provide the back office technology for both the Ascentric wrap and its white-label offering Independent Funds Direct Limited.

FundsNetwork declined to comment on any specific deals.

A spokeswoman says: “We regularly assess opportunities to introduce new capabilities and improve the service that we provide to our customers. We have not completed any deal with any software provider but will continue to evaluate opportunities as and when they arise.”

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