LONDON, December 29, 2017 /PRNewswire/ --
Gresham Technologies plc (LSE: GHT), the leading software and
services company that specialises in providing real-time
transaction control and enterprise data integrity solutions, is
pleased to announce a significant contract win with one of the
largest financial services groups in the Nordic region.
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The bank will use Clareti Transaction Control (CTC) as part of a
modernisation programme in its wholesale banking operations. The
Clareti platform will ensure the robust, consistent and reliable
implementation of a strategic control framework across the bank and
will enable the bank's multi-national processing operations to move
towards a shared services model, reducing cost through increased
automation.
The customer will deploy CTC to replace local manual processes,
existing reconciliation legacy systems and internal user developed
applications. Clareti 24 Adapters will be used to integrate complex
financial messaging data flows for SWIFT and FpML transactions, and
Clareti Analytics has been selected to provide operational and risk
management insights to improve performance.
The contract has an initial value of approximately EUR 2 million, around half of which is
immediately recognisable, with the remainder to be recognised over
the initial five-year term of the contract, contributing to planned
revenues in 2017 and beyond. There is potential for consulting
services revenue as well as additional licence revenue in future
years as the bank's use of the platform grows.
Gresham expects to provide a trading update for the year ending
31 December 2017 on 9 January 2018.
About Gresham
Gresham's award-winning Clareti software platform has been
designed to provide financial institutions with complete certainty
in their data processing. Clareti is a highly flexible and fully
scalable platform for assuring enterprise data integrity and is
designed to address today's most challenging financial control,
internal risk management, data governance and regulatory compliance
problems. Gresham's portfolio of applications based on the Clareti
platform, including Clareti Transaction Control (CTC), Clareti
Accounts Receivable Management (Clareti ARM), Clareti Loan Control
(CLC) and Clareti 24 Integration Objects (C24 IO), provide
innovative industry specific solutions for real-time data
management.
Gresham Technologies plc is a leading software and services
company that specialises in providing real-time transaction control
and enterprise data integrity solutions. Listed on the main market
of the London Stock Exchange (GHT.L) and headquartered in the
City of London, customers include
some of the world's largest financial institutions, all of whom are
served locally from offices located in Europe, North
America and Asia
Pacific.
Further information can be found at http://www.greshamtech.com/
or on Twitter @GreshamTech
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon
the publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.