Gresham Technologies PLC Clareti Contract Win with Global Tier 1 Bank (4260N)
09 May 2018 - 4:01PM
UK Regulatory
TIDMGHT
RNS Number : 4260N
Gresham Technologies PLC
09 May 2018
RNS
9 May 2018
Gresham Technologies plc
Clareti win with global Tier 1 bank in regulatory control
Gresham Technologies plc (LSE: "GHT", "Gresham" or the "Group"),
the leading software and services company that specialises in
providing real-time data integrity and control solutions, is
pleased to announce a significant Clareti contract win with a
global Tier 1 bank in regulatory control.
A leading global investment bank and wealth manager, identified
as a Global Systemically Important Bank (G-SIB), has selected
Clareti Transaction Control (CTC) to implement regulatory reporting
controls across multiple asset classes and operating businesses in
support of its global obligations under the G20 Financial
Regulatory Reforms. Integrated Clareti 24 Adapters have been
selected to handle complex data manipulation prior to enrichment
and matching between internal bank systems and trade reporting
entities such as ESMA, CFTC, MAS and ASIC. The new platform will
provide operational transparency, help improve the integrity of
data and provide a more flexible capability to address changing
regulatory requirements in the future.
The contract has a minimum committed value of GBP1.2 million
over the initial 3-year term, with potential for additional
software revenues as the use of the platform grows.
Ian Manocha, CEO, commented:
"We're delighted to welcome one of the world's best-known names
in banking to the growing list of Clareti customers. This
competitive win is further proof that the Clareti platform is the
only modern offering that can meet the demanding requirements of an
enterprise deployment."
Enquiries
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha
Tom Mullan
+44 (0) 207 496
N+1 Singer (Joint Broker) 3000
Shaun Dobson
Lauren Kettle
Cantor Fitzgerald Europe (Joint +44 (0) 207 894
Broker) 7000
Marc Milmo
Catherine Leftley
Note to editors
Gresham Technologies plc is a leading software and services
company that specialises in providing real-time data integrity and
control solutions. Listed on the main market of the London Stock
Exchange (GHT.L) and headquartered in the City of London, its
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.
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 ensuring the integrity of data across an
enterprise. It is designed to address today's most challenging
financial control, risk management, data governance and regulatory
compliance problems.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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