Gresham wins Clareti contract with global investment bank

Software and services company Gresham Technologies has announced a three-year contract with a minimum value of £1.2m with a "leading" global investment bank and wealth manager for its Clareti Transaction Control (CTC) to implement regulatory reporting controls across multiple asset classes.

Integrated Clareti 24 adapters have been selected to handle complex data manipulation prior to enrichment and matching between internal bank systems and trade reporting entities such as ESMA, CFTC, MAS and ASIC.

Gresham said the new platform will provide operational transparency, help improve the integrity of data and provide a more flexible capability to address changing regulatory requirements in the future.

Chief executive officer Ian Manocha said: "We're delighted to welcome one of the world's best-known names in banking to the growing list of Clareti customers. This competitive win is further proof that the Clareti platform is the only modern offering that can meet the demanding requirements of an enterprise deployment."

At 1250 BST, the shares were up 6% to 194.60p.