Gresham Technologies PLC Clareti Contract Win with Global Tier 1 Bank (4260N)

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

 
                                    [phone] 
 Gresham Technologies plc            0200 
 Ian Manocha 
 Tom Mullan 
 
                                    [phone] 
 N+1 Singer (Joint Broker)           3000 
 Shaun Dobson 
 Lauren Kettle 
 
 Cantor Fitzgerald Europe (Joint    [phone] 
  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

CNTBRGDURBGBGII

(END) Dow Jones Newswires

May 09, 2018 02:01 ET (06:01 GMT)