Strategic fintech partner signs Clareti agreement

RNS Number : 7391D

Gresham Technologies PLC

28 June 2019

 

RNS

28^th June 2019

Gresham Technologies plc

Strategic fintech partner signs new Clareti technology licence agreement

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 that it has signed a licence agreement with ANZ Bank ("ANZ"), its strategic fintech partner, for new digital open banking technology arising from the innovation service first announced on 26 September 2018.

This new Clareti open banking technology platform, built using a framework of existing Clareti intellectual property and new developments, is designed to support ANZ's digital transformation programme and forms an important part of its next generation of corporate banking solutions. In the future, Gresham intends to market the technology as part of a broader suite of modern open banking solutions, including the existing Clareti Multi Bank cloud service.

The licence agreement commences on 30 June 2019 with a minimum subscription fee of AUD $450k per annum. Fees are expected to rise over the 5-year term of the contract as milestones are reached and as ANZ's customers adopt the technology, up to a maximum of AUD $4 million per annum. The innovation service is ongoing and expected to continue at current levels for the foreseeable future.

Enquiries

Gresham Technologies plc	[phone]
Ian Manocha
Tom Mullan
N+1 Singer (Joint Broker)	[phone]
Shaun Dobson / Lauren Kettle (Corporate Finance)
Tom Salvesen (Corporate Broking)
Cantor Fitzgerald Europe (Joint Broker)	[phone]
Philip Davies
Richard Salmond

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 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.

 

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