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Contract Wins and Joint Ventures

Gresham wins significant contract with Canadian bank

03 July 2017 08:14

Gresham Technologies has announced a 'significant contract in the strategically important North American market'.

Gresham said that one of North America's largest financial services groups had selected Clareti Transaction Control for an enterprise scale deployment.

It said the initial deployment would be to provide ongoing data integrity assurance for complex regulatory reporting requirements.

In addition, the solution would replace existing manually intensive reconciliation and control processes in the customer's securities division.

It said the customer would also deploy Clareti Analytics to provide deeper management insight into its data control operations. Gresham said the minimum contracted value was £1.4m over the initial five year term, with additional licence growth and services revenues expected as the technology was deployed further in the customer's group.

At 8:14am: (LON:GHT) Gresham Computing PLC share price was +4.5p at 165p

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