NEWS
Clareti Transaction Control Banking
contract win for Gresham Tech
G
resham Technologies plc, 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.
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
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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.
INTELLIGENTCIO
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