Significant Clareti Contract Win with Global Bank

RNS Number : 5535P

Gresham Technologies PLC

10 June 2020

 

RNS

10 June 2020

Gresham Technologies plc

Significant Clareti Contract Win with Global Bank

Gresham Technologies plc (LSE: "GHT", "Gresham"), the leading software and services company that specialises in providing solutions for data integrity and control, banking integration, payments and cash management, is pleased to announce a significant Clareti contract win.

On 10 June 2020, one of the world's largest banks signed a contract with Gresham for an enterprise deployment of the Clareti platform with total expected software fees of £1.7m over three years. The project will enable the bank to deploy enhanced data and process integrity controls across its UK operations, including retail accounts and products, cards, payments and commercial banking.

Gresham's selection followed a particularly rigorous evaluation of competitor offerings by the bank. The flexibility of the Clareti platform to directly ingest a diverse and complex range of source data types and automate a broad set of business processes, all on a single platform, were key differentiators. The project will deliver substantial operational efficiencies for the bank and strengthen its risk and financial management processes.

Commenting on the new win, Ian Manocha, Chief Executive Officer said:

"This Tier 1 bank contract win is another powerful customer endorsement of our unique technology which can solve problems where robotic process automation tools, legacy reconciliation software and generic data engineering tools fail."

There is a tremendous opportunity for financial institutions to drive down operating expenses through digital transformation of manually intensive processes. Clareti enables structural cost reductions by automating the simplest through to the most complex of processes, and, at the same time, delivers improved business control and transparency."

Enquiries

Gresham Technologies plc	[phone]
Ian Manocha
Tom Mullan
N+1 Singer (Financial Adviser and Broker)	[phone]
Shaun Dobson / Iqra Amin (Corporate Finance)
Tom Salvesen (Corporate Broking)

Inside information

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.

Note to editors

Gresham Technologies plc is a leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management. 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 and corporates, all of whom are served locally from offices located in the UK, Europe, North America and Asia Pacific.

Gresham's award-winning Clareti software platform is a highly flexible and scalable platform, available on-site or in the cloud, designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems. Learn more at www.greshamtech.com.

 

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