Gresham Technologies Share Discussion Threads

[double double] 15/12/2016 07:27

Pleased with it but one announcement all of a sudden. Could have added more about q3 and h2 as of now.

[amt] 15/12/2016 07:12

Great news out with another significant Clareti win.

[schytalk] 13/12/2016 08:32

From the GHT blogg, more recognition and states that GHT has more than 50 clients including 8 tier 1 banks.

-------------

Chartis names Gresham as category leader in FinTech Quadrant for Data Integrity and Control Solutions in Financial Services
6 December 2016
Ginette Lacroix

We are pleased and proud to have been recognised by Chartis’ team of leading analysts and advisors as a leading provider in the newly created category Data Integrity and Control Solutions in Financial Services. This category recognises the importance of high-quality data, as reduced profit margins, regulatory pressure and the explosion of data threaten to overwhelm current approaches.

Chartis highlights that these market dynamics are “creating demands for new and enhanced capabilities across the data integrity value chain”, describing Data Integrity as a “fertile market” as financial institutions come under increasing pressure to manage their data throughout its lifecycle.

Gresham represents a new generation of flexible, scalable technology that is designed to tackle and solve the data integrity challenges of today’s fast-paced digital world. Our award-winning Clareti platform helps business leaders understand and control their data, eliminating risk and providing exceptional insight into the business. It delivers an agility that legacy technologies simply cannot match, giving financial institutions the ability to deploy new controls quickly and cost effectively in a highly regulated post-crisis world.

This recognition takes into account our product, technology and organisational capabilities, assessed against two key criteria – completeness of offering and market potential. The ability to handle both structured and unstructured data is highlighted as a crucial requirement within this first pillar, and is a core aspect of our offering. Unlike legacy reconciliation software that is inherently rigid and unweildy, based on fixed data schemas, Gresham operates a no schema approach. Our sophisticated matching algorithm is able to take multiple data feeds and match in multiple ways, taking away the need for time consuming data transformation or manual configuration of schemas, matching rules and dashboards. This is critical to allow businesses to process increasingly complex information, while allowing for future expansion.

Our first customers went live in 2012, and we’ve continued to see strong growth since then, with six new customers signed in the first half of this year alone, including three in the US. We now have more than fifty clients, including eight tier-one banks and seven buy-side firms with a total of $500bn in Assets Under Management.

To support this, we have continued to invest in sales and development, including several strategic hires to push our business even further. Most recently, we were delighted to announce our acquisition of C24 Technologies – a complementary software that aligns with our existing strengths, and creates a world class team with an in-depth knowledge of the growing data challenge in financial services.

In a world awash with real-time streaming data, we want to be the first company to turn to when you need to be in control.

[inforprofit] 12/12/2016 14:46

shytalk thanks for the information on PSD2 and yes this is pretty much as Barclays described. There does seem to be a payment revolution under way. A mate of mine runs a small retail business and he says that the cost of using payment services are pretty substantial. I reckon anything that can bring a more competitive landscape, particularly for the small businesses, is a very good thing, big business has too much advantage as it is. So yes, exciting times ahead for the payments industry and GHT.

[schytalk] 12/12/2016 09:15

Well have spent some time researching C24 but there seems very little information out there. It seems that C24 is very much a 'trade solution' and is part of 'payments plumbing' so there is no real visible market presense.

However, there is a very interesting article on PSD2 which was published in February of this year - hxxps://blog.c24tech.com/psd2-a-data-driven-identity-crisis-for-banks
It is written by Steve Miller, one of the co-founders of C24, who has joined Gresham as part of the acquisition. The article describes him as "Steve is an incredible technical leader and has spent 3 decades leading product strategy and delivery of enterprise-grade technology solutions to the securities and wholesale banking industries." Steve seems to have a passion for what he does and real expertise, so it is a real plus that he is now part of GHT.

inforaprofit posted recently about PSD2 and the fact that a bank (Barclays) seminar he went to was highlighting how PSD2 would change the banking environment.

Here are a few thought provoking quotes:-

"PSD2 promises to level the playing field so that Fintech startups can compete with established banks for a share of their customers' attention. Will banks quietly comply, or fight back?

In an attempt to reinvigorate consumer banking, industry directives will now legally compel the banks to create opportunities for new players to compete for market share. PSD2 is a recent European regulation which replaces the original Payment Services Directive (PSD) and comes into force this year. While seemingly anodyne sounding, PSD2 is actually quite a radical directive which aims to make financial services markets more open and more competitive. If it succeeds in its aims, PSD2 is likely to cause bank managers a few sleepless nights indeed.

When shopping online, the customer usually types in their payment details on the retailer’s website, and then the retailer collects payment from the customer’s bank account via one, or several layers of intermediaries (each exacting a fee for the service they provide).

Under PSD2, retailers can ask customers to give permission for them to use their bank details and collect payment directly from their bank without the use of acquirers, card schemes or other intermediaries. The merchant or retailer and the bank can communicate with each other directly using an open Application Programme Interface (API).

The second major aspect of PSD2 means that banks will be obliged to share some of their precious data with potential competitors. Currently, if a customer holds accounts with several different banks, they have to access each bank website or app separately to view their account information.

PSD2 introduces the concept of an “Account Information Service Provider” or AISP, which will mean that all banks, building societies, and financial entities such as credit card providers and mortgage brokers will be obliged to support the ability for customers to securely aggregate their account details. For example, they could use an app that allows them to view all their bank accounts in one interface, or share some of their account details with an insurance comparison tool to get a lower quote.

PSD2 presents an existential crisis for traditional banks, forcing them to make important strategic decisions about their role in the value chain. Should they compete with their new Fintech adversaries for their share of customer attention and relevance, or content themselves to merely comply with the directive, focus on their core business, and leave third party providers to sell and cross-sell to their customers?"

The article concludes with:-

"PSD2 is not ‘just another regulation’ requiring operational compliance, but an acceleration of the data-driven disruption of incumbent banks by innovative third party service providers. The ability to quickly access and exploit data for competitive advantage will determine which companies will thrive, and which ones will die.

If the banks want to compete, they mustn’t hesitate - the time to take control of their data is now."

This all looks like a game changer in banking with GHT is the forfront as an enabler. I am becoming boring but I see very exciting times ahead.

[schytalk] 10/12/2016 17:55

Another interesting Tweet, does the Greshma business model support the legacy banks, the fintech companies or both? Any ideas anyone, my hunch is on both with a leaning towards legacy banks.


Gresham
‏@greshamtech

Will FinTech win in the race against legacy banks when it comes to attracting talent?

[schytalk] 09/12/2016 19:34

Well it seems that Gresham continue to highlight the MiFIDII challenges.


Previous Tweet
Next Tweet
Gresham
‏@greshamtech

Are your systems up to the #MiFIDII challenge? Find out the questions you should ask before the directive goes live hxxps://goo.gl/kzjvp9

[double double] 09/12/2016 18:06

I cannot work out if the share price is actually up today or just a tech glitch. If it is up then I would expect the share price to rise more in the coming weeks. See my post about batman shape.

[gottafly] 08/12/2016 09:10

Apologies for any confusion, GottaFly and Schytalk are one of the same. I have recently installed a centralised password system and it seems to occasionally link my main account (Schytalk) with an old one that I only ever used for browsing. I am sure this is my finger trouble but confusing none the less and once again apologies.

Schytalk/GottaFly

[gottafly] 08/12/2016 09:06

I have obtained a copy of the Gresham guide - Data Integrity for MiFID II. If you want a copy simply go to the website and request a copy.

Regulation. whilst necessary, is not always the most welcome of things. A bit like insurance, you know you need it but hardly exciting. Progress as regards implementation has been delayed somewhat (discussion over the detail) and is now targetted for early 2018. I think this delay has affected GHT somewhat since they clearly think that CTC is a great solution to enable MiFID II compliance, potentially great long-term business here but with perhaps a slighty stretched timescale.

Gresham provide a check list:-

Compliance checklist: what’s your exposure?
Can you answer these questions with confidence? If not, you may be at risk under MiFID II:
•
Can your trade/ transaction reporting platform verify and validate multiple sources of data in real-time?
•
Do you have a technology platform that can insure integrity between multiple internal systems, the ARM
and the regulators?
•
Can your platform automatically deliver the correct information, in real-time to the relevant Trade
Repository?
•
Are regulatory rules and logic pre-built, to automatically determine which body a trade needs
reporting to?
•
Does your platform offer the flexibility to adapt to further proliferation of MiFID?

And of course a solution:-


CTC from Gresham acts as a central routing point. Consuming and distilling multiple sources of data, it automatically verifies and validates trade information in real time, ensuring consistency and delivering it in the
correct format, to the relevant authorised Approved Reporting Mechanism (ARM).
With regulatory business logic and associated jurisdictional rules pre-built into the platform, it can handle multiple requirements, automatically determining which body a trade needs to be reported to, based on key economic fields. CTC also ensures data integrity between internal systems, so what originates from the front
office is exactly what is sent to the ARM and then on to the regulator – all in sync. The report loop can then be ‘closed’, ensuring integrity is met and the risk of reporting fines is significantly reduced or eradicated. With the flexibility to incorporate the proliferation of rules and regulations, the logic and reporting are always up to date

What I find really interesting, especially with C24 on board (more on that later) is that CTC has wide appeal in consuming and distilling multiple sources of data - handles volume, operates real-time, ensures data integrity, all within a scaleable flexible (rules) framework. Doesn't this exactly fit the bill as ragards the cloud based applications that will spring up from the UK open bank API iniative, more reasons to be enthusiastic for GHT.

[double double] 07/12/2016 19:13

schytalk

I can why and how you do get excited and as I said before GHT are in the right space and have been. But for us shareholders its all about delivery. I think they are thereabouts, we just need this years results to be good and for them to provide a confident forward statement- then I am sure the share price will be rerated as you expect and the immediate past of the profits warning will be forgotten.

This time next year [or in a few years] rodders.....!

[schytalk] 07/12/2016 16:29

dd

Talking of V, IBM have championed the Four V's of Big Data, that being Volume, Velocity, Variety, Veracity.

hxxp://www.ibmbigdatahub.com/infographic/four-vs-big-data

So in my words:-

Volume is scalability
Velocity is the band width to handle peak loads
Variety is complexity particularly if data is free format and lacks standards
Varicity is how dependable/accurate the data is.

The following extract from the Gresham Tech web site seems to indicate that CTC covers off all of the bases.

"The high performance achieved during this most recent benchmark shows that CTC can be used in extremely high-volume, low-latency environments to give operational certainty to financial organisations and infrastructure providers conducting billions of transactions per hour in fast-moving markets"

[schytalk] 07/12/2016 12:43

inforprofit

That is very interesting and a helpful update, not just for GHT though, seems the wider economy and payments are in pretty good shape.

Below I list Finextra post of 10th October in relation to the C24 acquisition by GHT. Interesting comment as regards GHT now having the capability to handle 'fast data' which I presume is part of the Big Data challenge. The aquisition highlights and benefits section makes particularly compelling reading.

As posted before, I firmly believe that GHT is significantly under valued and on further reflection I am increasingly baffled as to why the C24 acquisition did not act as a catalyst for a share breakout.

..............

Gresham completes acquisition of C24 Technologies
10 October 2016 | 2006 views | 0 Source: Gresham Computing

Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity software, has announced that it has completed the acquisition of C24 Technologies, a specialist in standards-based financial messaging and integration solutions.
The acquisition of C24 is the first for Gresham since the launch of its Clareti platform in 2011 and has a compelling strategic vision, one that accelerates Gresham’s ambition to be the global leader in enterprise data integrity solutions within financial markets.

C24’s experience in building real-time financial data management solutions and data compaction technology aligns with Gresham’s existing strengths, and supports the vision to meet the market need for a next generation solution for “fast data” management. In particular, the acquisition will help to accelerate the work that Gresham’s award-winning Clareti software platform is already doing in providing financial institutions with complete certainty in their data processing.

Acquisition highlights and benefits:

• The acquisition creates a world class team with an in-depth knowledge of the growing data challenge in financial services

• The Acquisition brings with it proven technology to ingest, visualise and transform financial messaging data, and the ability to connect the Clareti platform to industry standard messaging networks
• It will accelerate product development for innovative new solutions, including fast data
• It doubles Gresham’s customer base in financial services markets in the UK, Europe, North America and Japan

• The acquisition gives Gresham the ability to offer enhanced product functionality to joint customers - Clareti customers can process industry standard financial messages “off the shelf”, and C24 customers are able to rapidly adopt financial industry standards in their enterprise applications

Ian Manocha, CEO, Gresham commented: “The acquisition of C24 marks another important milestone for Gresham in our growth, and further cements our position as a leader in enterprise data integrity. As a partner we have found in C24 a great visionary for big and fast data and the acquisition will accelerate our innovation agenda in that regard.”

Steve Miller, Co-Founder, C4 Technologies added: “In Gresham we have found a committed and experienced partner to support our global customers and realise our future C24 Data Platform vision. Gresham’s Clareti platform is regarded as industry leading, and our technology and expertise will further strengthen its position and opportunity in the market.”

[double double] 07/12/2016 10:34

Thank you for that insight inforprofit. I wonder if GHT are behind any of these Barclays products as they have worked together before. We wont know if they are still working together as we dont get detailed info anymore.

One thing I have seen in the share price in the past is that it can move significantly on very small volume, up or down. Volume V share price has never been its thing.

The old banking systems was alway keeping GHT back, Basel III and regulatory requirement was supposed to give it a boost but not quit happend so any push is good news. GHT are and have been in the right space, a bit ahead of its time perhaps but hopefully they will realise their potential soon and then a bigger player will realise its worth.

[inforprofit] 07/12/2016 09:28

Nice to see an up tick in the share price yesterday, happened on very thin volume, anyone with any ideas, not that I am complaining.

I went to a Barclays SME seminar yesterday and it was very enlightening. It was of course a pitch for business and I (for my sins) have been a Barclays customer for many years. Apart from the usual stuff of how Barclays can help, commercial lending, international trade, card payments, combating cyber crime - there was a pitch on the post Brexit conditions, a market forecast, digital training and what turned out to be the star of the show Open API banking.


Sorry for the jargon but apparently the PSD2 (which will enable such things as banking/loan price comparisons like we have for insurance, now it provides access to your personal banking data to a third party) is coming next year, together with the purely UK initiative of the Open Bank Working Group (OBWG) which has far higher ambitions as regards the sharing/use of bank data to support cloud based applications. Barclays offer a SmartBusiness service which enable you to see analytics about your account including information on direct competitors, I suspect this is a bit rudimentary at the moment and of course is limited to Barclays client information. The OBWG open API really comes into play when used with the location services of your mobile phone because this provides the exact location for an event/payment. For example, it will therefore be possible to produce a cloud application which can show spending in real time at a location such as a shopping centre/sports complex, instead of looking at footfall you will actually be able to see what is actually being spent, I am still trying to get my head around this.

What was made clear is that it is simply not just a case of publishing an API, your data has to be up to date, accurate and appropriate for the current purpose. The problem is that we capture so much data, nearly all of which is unstructured, that finding the information to answer a specific query is troublesome. In other words we have Big Data and some serious challenges in the management there of. It seems to me that with the acquisition of C24 (payments messaging/connectivity) and GHT CTC technology - this whole thing could be huge for GHT, any thoughts anyone? I am in danger of getting very excited here.

Just thought I would also share what Barclays say is the state of the economy, overall pretty good and with the outlook for 2017 set to be modest (sub 2%) growth. There are regional variances, currently the most buoyant economy is apparently the East Midlands (London is second) and the lowest is the South West, but all are in positive territory. They also said that in this region (South East) new account establishment was strong and that following Brexit no client had withdrawn/dropped planned investments/borrowing. I think that should give us all for encouragement.

[jadeticl3] 06/12/2016 14:55

Feeling smug. Trying to teach my teenage grandson somethinG about investing in shares. We selected three companies that we thought would bounce on their next announcement. One was SFR. We didn't buy but watched.Announcement came. Shares rose from 60p to 74p. Second was BBA. Watched as they rose from 246p to 266p. Finally GHT. THIS TIME WE DECIDED TO BUY as we didn't want to miss out if an announcement came before we expected. So we bought at 114p. Still no announcement but already they have started to rise!!

[double double] 06/12/2016 13:28

Well done, things may get better for GHT without need for RNS.

I am not a techie at all but is that a batman coming into shape? See the share price in oct/nov on the above big chart. Apparently, and please do take this with alot of salt, if the right ear goes up above the left the share price keeps on going up further. And the opposite is true. I can hear the giggles as people read that!

[jadeticl3] 06/12/2016 13:13

Feeling smug. Trying to teach my teenage grandson somethinG about investing in shares. We selected three companies that we thought would bounce on their next announcement. One was SFR. We didn't buy but watched.Announcement came. Shares rose from 60p to 74p. Second was BBA. Watched as they rose from 246p to 266p. Finally GHT. THIS TIME WE DECIDED TO BUY as we didn't want to miss out if an announcement came before we expected. So we bought at 114p. Still no announcement but already they have started to rise!!

[schytalk] 06/12/2016 10:05

dd

Well adding more will likely help the share price rise.

Best of luck but you will excuse me if I say I want higher please!

[noble3r] 06/12/2016 09:38

A nice tick up to what is otherwise a miserable day for me.

[double double] 06/12/2016 09:19

Thanks shytalk.

Well it seems my addition yesterday was very well timed. I want to add more so please dont rise too fast and too much!

[double double] 05/12/2016 20:01

Thanks richjp

We didn't get a November updated but hopefully end Jan update will be worth the wait.

[richjp] 05/12/2016 18:57

double double,

Welcome back!

[noble3r] 05/12/2016 15:52

my BUY today (4K) also not showing.