Global insurance and asset management firm selects Gresham CTC

• Second insurance win for Gresham in recent months as CTC momentum grows

London – Gresham Computing plc, a leading provider of real-time financial transaction control and enterprise data integrity solutions, today announced a new CTC contract win with one of the world’s largest insurers.

The global provider of insurance and asset management services will use Gresham’s Clareti Transaction Control (CTC) platform after a competitive RFP and Proof of Concept process. CTC will provide financial 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.

"It’s no surprise that another global financial services provider has chosen CTC over the alternatives” said Ian Manocha, CEO Gresham. “This is the second announcement in recent months whereby a global insurance company has selected CTC for internal financial control. Existing customers are achieving break-through results and the platform’s flexibility continues to attract new use cases”.

Manocha also added that the deal could represent further revenues in future, as the customer’s use of CTC grows. Gresham recently confirmed CTC has become its best-selling product, driving up software revenues 38% in H1 and gaining certification from the Payment Card Industry Data Security Standard (PCI DSS).