Strategic relationship with RegTek.Solutions

RNS Number : 0869S

Gresham Technologies PLC

07 March 2019

 

RNS Reach

7 March 2019

Gresham Technologies plc

Gresham and RegTek.Solutions partner to offer strategic transaction reporting solution to buy-side and sell-side firms

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, announces a new strategic relationship with RegTek.Solutions, a leader in global regulatory reporting solutions.

RegTek.Solutions' Reconcile.Trade platform enables firms to meet the regulators' requirement to reconcile front-office trading records against data samples provided to them by competent authorities (via ARMs or Trade Repositories). Now enhanced to use Clareti's matching engine and rich exception management workflow, Reconcile.Trade on Clareti provides operations and compliance teams with transparency and proactive control over the accuracy of their reported data.

The first customer for the platform, a global financial services provider, is already live. The joint offering is now playing an integral role in the firm's response to a regulatory investigation of its Dodd-Frank reporting by remediating the gaps in controls identified by the regulator.

A copy of the full press release is available at www.greshamtech.com.

Ian Manocha, CEO, commented:

"Combining Clareti's best-in-class data integrity and control platform with RegTek.Solutions' outstanding regulatory expertise brings enormous opportunities for capital markets firms to become agile and efficient in these times of increasing regulatory scrutiny. We are excited to be bringing this to market with RegTek.Solutions."

Brian Lynch, CEO RegTek.Solutions, commented:

"Gresham are uniquely positioned as a leader in the data integrity domain, replacing legacy reconciliations at top tier firms around the world with their modern, scalable architecture. We are delighted to be partnering with them to expand Reconcile.Trade's footprint."

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

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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