CTC Contract Win

RNS Number : 4611Y

Gresham Computing PLC

09 September 2015

 

RNS Reach

9 September 2015

Gresham Computing plc

CTC contract win with a global insurance and asset management firm

Gresham Computing plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity software, is pleased to announce a new customer win in insurance.

A global provider of insurance and asset management services has contracted to use the CTC platform within its Singapore-based businesses after a competitive RFP and Proof of Concept process. CTC will be utilised to provide control and integrity of Nostro Bank Accounts, reconciling high value payments from customers against a number of internal policy ledger systems. Prior to implementing CTC these processes were managed using a combination of manual controls and spreadsheets; CTC will improve transaction integrity, create efficiencies and reduce operating costs, and will establish a robust global control framework for future projects.

This win will provide a solid contribution to the Group's planned CTC revenues in the current and future years, and has the potential to add further revenues as the customer's use of CTC grows.

Ian Manocha, CEO, commented:

"It's no surprise that another global financial services provider has chosen CTC over the alternatives. Existing customers are achieving break-through results and the platform's flexibility continues to attract new use cases.

Coupled with our recent North American wins, this new customer win in South East Asia validates our investment into these regions and further strengthens our recurring revenue base."

Enquiries

Gresham Computing plc

Ian Manocha                                                                                        [phone]

Rob Grubb

N+1 Singer (Broker)

Shaun Dobson                                                                                    [phone]

Lauren Kettle

Note to editors

Gresham's award-winning software platform Clareti Transaction Control (CTC) has been designed to provide financial institutions with complete certainty in their data processing. CTC combines best-in-class performance with future-proofed technology, providing real-time data management based on business-driven controls.  CTC is a highly flexible and fully scalable platform for assuring enterprise data integrity and is designed to address today's most challenging financial control, internal risk management and regulatory compliance problems.

Gresham Computing plc is a leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity solutions, and is listed on the main market of the London Stock Exchange (GHT.L). With over 30 years' experience and headquartered in the City of London, 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.

 

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